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The Latest Breaking News from Adani Power

Maharashtra govt ramps up nuclear energy with MoUs worth Rs 6.5 lakh crore

Maharashtra has signed MoUs with four companies, including Adani Power and Reliance Industries, to attract Rs 6.5 lakh crore in nuclear energy investments. These projects aim to generate 25,400 MW of power and create 1,23,500 jobs, bolstering the state's clean energy initiatives and contributing to India's energy-rich nation goal.

The Economic Times

Adani Enterprises & other Adani Group stocks rise up to 5% after US drops charges against Gautam Adani

Adani Group shares surged as US prosecutors dropped criminal charges against Gautam Adani and his nephew. This development concludes a 19-month legal challenge. The conglomerate also settled civil charges with the US Treasury Department for sanctions violations. The group's expansion plans faced uncertainty during this period. The dismissal of charges…

The Economic Times

Adani Power vs. Green vs. Energy: Why mutual funds are betting billions on this electrification trio

Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India's electrification drive. These companies are seen as key players in meeting the nation's growing demand for electricity driven by data centers, electric vehicles,…

The Economic Times

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Crude@$100+: The Rs 3 lakh crore power boom you might be missing

The US-Israel-Iran conflict has significantly boosted India's power and energy stocks, with Nifty Energy's market cap rising by Rs 3 lakh crore as Brent crude exceeds $100. Foreign investors are pouring into power generation and transmission, viewing it as a macroeconomic hedge. Companies like Adani Power and BHEL are leading…

The Economic Times

Adani Power seeks Rs 8,000 crore in debt to fund expansion

The fundraising includes 50 billion rupees of public debt and around 30 billion rupees of loans from a group of lenders led by State Bank of India, the people said, asking not to be identified as the information is private.

The Economic Times

Quant Small Cap Fund exits HDFC Bank, Jio Financial Services and 5 other stocks in April

Quant Small Cap Fund reshuffled its portfolio in April, exiting seven stocks including HDFC Bank and Jio Financial Services while adding new names and trimming exposure in select counters. The fund maintained a defensive stance with higher large-cap allocation, aiming to manage volatility and improve liquidity amid broader market uncertainty.

The Economic Times

Adani restores full electricity supply to Bangladesh after four months

Adani had to halve supply to conflict-hit country as Dhaka defaulted on payments while battling a foreign exchange shortage

The Independent UK

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Morning Digest | Assam Police book Rahul Gandhi for ‘violence’ during Nyay Yatra; Maldives rules out research by Chinese vessel in its waters, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on January 24, 2024

The Hindu

Judicial interventions in ongoing cases against NewsClick: A timeline of events

We take a look at the chronology of events pertaining to interventions by High Courts in the ongoing cases against NewsClick

The Hindu

SEBI is ‘reluctant’ to probe allegations against the Adani Group, Congress alleges

Congress alleges SEBI reluctant to probe Adani Group; reiterates demand for JPC probe to bring out truth. Citing news report, Jairam Ramesh claims “stench of illegality” around Adani-linked shell company Opal Investment

The Hindu

Only two offers for power supply under ‘swap’ arrangement

Two companies (APPCPL, Manikaran Power) agreed to supply power under 'swap' arrangement. APPCPL to supply 150 MW in Nov & 50 MW in Mar 2024. KSEB to return power during June-Sept 2024. Adani Power & DB Power quote ₹6.88/unit for 303 MW & 100 MW respectively. Short-term supply of 150…

The Hindu

Two companies quote ₹6.88 per unit for medium-term contracts for power supply

KSEB has invited bids for 500 MW of power to avert a power crisis in Kerala. Adani Power and DB Power have agreed to supply 303 MW and 100 MW respectively at ₹6.88 per unit after a reverse bidding process. KSEB will finalise a decision and obtain approval from the…

The Hindu

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

After Congress, AAP demands probe into Adani Power issue

AAP Rajya Sabha MP Sanjay Singh demanded action against officials and Ministers in Gujarat for alleged excess payment to Adani Power Mundra Limited over five years under two power purchase agreements.

The Hindu

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The Hindu

Gujarat power utility made ‘excess payment’ of ₹3,900 crore to Adani: Congress

Gohil accuses Gujarat govt of favouring Adani Group by making excess payment of ₹3,900 crore. Govt denies scam, says payments ongoing & will be adjusted.

The Hindu

Joint Parliamentary Committee needed to probe allegations against Adani group: Congress

Congress alleges that the Supreme Court-appointed expert committee and the SEBI have “hit walls” while investigating the Adani group’s transactions and stressed the need for a JPC probe

ABC News

Adani proposed coal ventures to sanctioned Myanmar military despite public vow to cut ties, leaked documents show

International pressure led to Adani vowing to cut ties with Myanmar's military junta in 2021. Now, leaked documents reveal how the resources giant had been privately negotiating coal ventures with the sanctioned regime leaders.

Al Jazeera

Bangladesh in hot seat over Adani’s power deal

Bangladesh’s opposition has jumped on the recent controversy over the Indian tycoon to demand cancelling the power deal.

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The Times of India

Six Adani group companies settle higher; four firms hit upper circuit

NEW DELHI: Shares of six Adani Group firms out of ten listed entities ended the day in positive territory on Thursday amid an overall weak trend in the equity markets.

The Times of India

Adani Power amalgamates six subsidiary companies

NEW DELHI: Adani Power on Tuesday said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself.

The Times of India

NCLAT upheld Adani Power bid for Korba West Power; asks Shapoorji Pallonji & Co to pursue arbitration for claims

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has upheld the 2019 Resolution Plan of Adani Power's bid for Korba West Power and has asked Shapoorji Pallonji Co to pursue arbitration proceedings for pending claims.

The Times of India

Adani stock rout has room to run as charts show 85% call still valid

MUMBAI: The rout in Adani group shares has room to run based on charts that show key stocks in Gautam Adani’s empire may still extend declines to the 85% downside flagged by Hindenburg Research.

The Times of India

Adani Power Q3 profit plunges 96% to Rs 9 crore

NEW DELHI: Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses.

The Times of India

Top market movers: Stocks with most gains

NEW DELHI: What stocks gained the most today? How do they compare with shares of companies that have given the highest return in the past one week, one month and one year?

The Times of India

Stocks with highest returns for investors

NEW DELHI: What stocks gained the most today? How do they compare with shares of companies that have given the highest return in the past one week, one month and one year?

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