ADANI POWER RAJASTHAN LTD
Ambuja cements deal to acquire Hyderabad-based Penna
Of the enterprise value, Ambuja Cement will hold back around ₹3,500 crore as milestone payments for completion of 2 million tonne (MT) cement capacity and 3 MT clinker facility at Penna's Rajasthan plant, which is likely in a year.
Adani Power shares jump over 7% after Gautam Adani, Rajesh Adani revoke pledged holdings
Shares of India's largest private thermal power producer, Adani Power surged 7.4% to Rs 527 after the company's promoters, Gautam Adani and Rajesh Adani revoked pledged shares worth Rs 8,638 crore.
Adani Green Secures $400 million from international banks for 750 MW power projects
AGEL secured $400 million financing for 750 MW solar projects in Rajasthan and Gujarat, with projects having SECI PPA and merchant power setup. Lenders consortium aids AGEL's growth plans and capital management for sustainable debt structure.
Adani Green Energy secures $400 mn from international banks for 750 MW power projects
Adani Green Energy Ltd (AGEL) has secured USD 400 million financing from a consortium of five international banks for its upcoming solar projects totaling 750 MW in Gujarat and Rajasthan. These projects are slated to commence operations from November 2024 onwards. One of the projects, a 500 MW capacity development in Rajasthan, has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI).
Adani Green's Khavda power plant world's largest, five times the size of Paris
Adani Green Energy Limited's Khavda project in Gujarat aims to be world's largest power plant with a focus on renewable energy sources, including solar and wind, supported by significant investments and government backing.
Adani to invest Rs 2.3 lakh crore in renewable energy, manufacturing capacity
Adani Group to invest Rs 2.3 lakh crore by 2030 for renewable energy expansion. AGEL and ANIL lead in capacity increase and manufacturing. Overcoming challenges, the group aims for significant growth in the sector.
Rajasthan: Adani Green Energy's unit operationalizes 180 MW solar power project
The 180 MW solar plant will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and reducing around 0.39 million tonnes of CO2 emissions, said the company.
CCI clears Adani Power’s purchase of Lanco Amarkantak
Adani Power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), the CCI said. Last month, Adani Power reportedly won the bid for the debt-laden firm for Rs 4,101 crore. “The proposed transaction does not result in an appreciable adverse effect on competition in any plausible relevant market in India. Accordingly, the definition of the relevant market may be left open,” the CCI said.
SC rejects Adani Power's plea to recover Rs 1,376 crore from Rajasthan discom
While imposing a fine of Rs 50,000 on Adani Power for effectively seeking review of the case through a miscellaneous application seeking clarification, a Bench comprising justices Anirudhha Bose and Sanjay Kumar said a miscellaneous application was not the proper legal course when seeking a review.
SC rejects Adani firm's plea for over Rs 1300 crore as late payment surcharge from Rajasthan state discom
The Supreme Court has dismissed Adani Power Rajasthan Ltd's plea for over Rs 1,300 crore as late payment surcharge from Jaipur Vidyut Vitran Nigam Limited, ruling that filing a miscellaneous application was not the proper legal recourse.
Modi’s fading renewables vision fires up India’s coal sector
By entangling clean power in red tape while using state-owned bad banks and eye-watering power tariff rises to bail out insolvent fossil power, New Delhi has skewed the playing field toward the more costly, dirty technology.
CRISIL upgrades Adani Power’s credit rating by two notches to AA-/Stable
CRISIL has upgraded Adani Power (APL) stock’s rating by two notches to AA-/Stable, a company release said on Monday. The upgrade comes on the back of the company's operational excellence and prudent financial discipline, the release said.
Supreme Court rejects customs' review plea on imports overvaluation allegations against Adani companies
While the review petition was dismissed on November 23 last year, the order in this regard was uploaded on the court's website earlier this week. The customs department had sought review of the top court's March 27, 2023 judgment that rejected its allegations against the Adani firms and upheld the Customs Excise and Service Tax Appellate Tribunal's findings that there was no overvaluation in the import of capital goods by the firms and the allegations had not been established.
Supreme Court upset over registry not listing matter related to Adani Power despite order
The Supreme Court expressed displeasure with its registry for not listing the Adani Power case despite a judicial order. Senior advocate Dushyant Dave informed the court that the registry claimed to have no instructions for listing the matter. The court questioned the registry's actions and summoned a senior official for discussion. The case has now been scheduled as the first hearing for Wednesday.
Delhi HC halts Adani Power 'probe', cites SC review
A review petition filed by the revenue department against dismissal of its appeal last year is pending before the apex court. The case relates to the import of equipment/machinery by Adani Power Maharashtra and Adani Power Rajasthan (now both firms merged into Adani Power). The SC had last year upheld the Directorate of Revenue Intelligence's order dropping investigations against the two companies.
Two big Adani bulls make nearly Rs 20,000 crore in just one week of rally. Is the tide turning?
Led by NRI investor Rajiv Jain, GQG had made a bold contra bet on Adani stocks in the peak of the aftermath of the Hindenburg controversy in March earlier this year.
A multibagger in 8 sessions, this Adani stock is on a rampage on Street
The Adani Group stocks have been rallying on favourable triggers including the Bharatiya Janata Party's (BJP) electoral wins in three key states in the Hindi heartland viz. Madhya Pradesh, Rajasthan, and Chhattisgarh, lending more confidence to the Street on the return of the incumbent government in the 2024 general election.
Raining Gains! 2-day bull run takes Adani Group's market value past Rs 13 lakh crore mark
This is the first time that the group's shares touched the Rs 13 lakh crore mark after facing a decline earlier this year following a report by American short-seller Hindenburg Research, which alleged financial wrongdoing and stock manipulation by the conglomerate.
Adani Group stocks extend rally for 3rd session, surge up to 15%
Following the assembly elections results in Chhattisgarh, Madhya Pradesh, and Rajasthan, the Adani group flagship Adani Enterprises hit a 10% upper circuit, while Adani Energy Solutions rose 14%. Adani Power and Adani Green Energy surged over 12%. Adani Total Gas, Adani Ports, and Adani Wilmar advanced 5-8%.
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