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Business Standard

Reliance Infrastructure settles its disputes with Adani Electricity Mumbai and Adani Energy Solutions

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The Economic Times

Adani’s Kenya transmission deals still under talks, agency says

Kenya Electricity Transmission Co. is still negotiating with Adani Energy Solutions Ltd. for the construction of three power lines, despite earlier claims of a finalized deal. The project cost has been revised to $736.5 million. Kenya faces a $5 billion financing gap for power lines and seeks the best deal.

The Economic Times

Adani Energy was among top buys for mutual funds in August, ACC top reduction by this MF

Mutual funds bought 1.6 crore shares of Adani Energy Solutions in August, valued at Rs 1,330 crore. Other Adani Group stocks like APSEZ, Ambuja Cements, and ACC also saw mutual fund interest. SBI Mutual Fund was a major buyer of Adani Energy, acquiring 73.73 lakh shares. Tata MF and Nippon MF also purchased Adani Energy shares.

Business Standard

Adani Energy acquires Khavda project entailing Rs 4,091 cr investment

Adani Energy Solutions on Monday said it has acquired a 298-km special purpose vehicle (SPV) of the Khavda Phase IV Part-A transmission project entailing an investment of Rs 4,091 crore. Khavda IVA Power Transmission Ltd, an SPV, was set up by REC Power Development and Consultancy Ltd (RECPDCL) to evacuate 7 GW of renewable energy from Khavda RE park, the company said in a statement. Adani Energy Solutions (AESL) will commission the project in Gujarat in the next 24 months on BOOT (build, own, operate and transfer) basis, it said. The company will invest Rs 4,091 crore to build the 298 km (596 ckm) transmission project, as per the statement. The project also includes setting up 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors, it said. AESL won the project through the tariff-based competitive bidding process and will commission the project in the next 24 months on BOOT (build, own operate, a

CNBC TV18

Adani Energy Solutions secures letter of intent for 7 GW Khavda transmission project

Adani Energy Solutions Share Price | The company informed the exchanges on September 2 that it has completed the acquisition of the Khavda Phase IV Part-A transmission project after receiving a letter of intent  from REC Power Development and Consultancy Ltd.

Mint

Adani Energy completes acquisition of ₹4,091 crore Khavda Transmission Project

Adani Energy Solutions Ltd (AESL) has acquired the Khavda Phase IV Part-A transmission project. The company will invest ₹4,091 crore to build the 298 km transmission line, which will help evacuate 7 GW of renewable energy from the world's largest renewable energy park.

Business Standard

Adani Energy Solutions undertakes 7GW Khavda IVA Power Transmission project

Khavda IVA Power Transmission, a special purpose vehicle (SPV,) set up by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package, has been acquired by AESL to execute the project. The Khavda IVA transmission line, part of National Grid, will help evacuate 7 GW of RE by connecting 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj (both in Gujarat) and setting up transformation capacity of 4,500 MVA.

Business Line

Adani Energy Solutions secures 7 GW Khavda transmission project

AESL won the project through the Tariff-Based Competitive Bidding (TBCB) process and plans to invest approximately ₹4,091 crore

The Economic Times

Adani Energy Solutions receives award of 7 GW renewable energy evacuation transmission network in Khavda

Adani Energy Solutions Ltd has acquired the Khavda Phase-IV Part-A transmission project, aimed at evacuating 7 GW of renewable energy from Khavda RE park in Gujarat. The project will enhance India's green energy infrastructure, contributing to the country’s journey towards net zero. The investment amounts to Rs 4,091 crore and will be completed within 24 months.

Business Line

Adani Energy Solutions completes acquisition of Khavda Phase IV transmission project

The company said that the award of this project further strengthens AESL's position as a leader in India's energy transition

The Economic Times

3 Adani Group stocks eligible for inclusion after Sebi's F&O entry, exit norms' revision

Adani Green Energy, Adani Energy Solutions, and Adani Total Gas are eligible for entry into the derivatives segment. Nuvama estimates these stocks may enter the F&O market, with SEBI's final decision pending.

Business Standard

MSCI inclusion may attract $250 mn inflows in Adani Energy Solutions

Shares of Adani Energy Solutions Ltd (AESL) at last trading session on Wednesday jumped 3.8 per cent despite the flattish markets, as the street is expecting strong inflows by the end of August from the inclusion in the MSCI Indexinflows of USD 250 million according to brokerage houses. On Tuesday MSCI announced that it has lifted Embargo' on Adani Group stocks, which means the stock is eligible for inclusion in the MSCI India Index, after removing the group company last year in late January 2023, due to uncertainty over free-float. Lifting this restriction means that any recent changes in free float plus equity raises are eligible for inclusion. Furthermore, stocks that were excluded can be included again. Earlier in August, Adani group's power transmission, distribution and smart metering company completed a USD 1 billion QIP, which has led to a significant increase in the company's free float. Adani Enterprises, another group company has also proposed fundraising of nearly USD 2

The Economic Times

Diamond Power Infrastructure gets Rs 900 cr conductor supply order from Adani Energy Solutions

Diamond Power Infrastructure Ltd, a cable manufacturer, secured a Rs 900 crore (inclusive GST) order from Adani Energy Solutions for AL 59 aluminum alloy conductors, to be executed by April 2025. Formalized through a letter of intent, the Rs 899.75 crore order, confirmed via an exchange filing, is free from related party transactions.