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Business Standard

Moody's assigns Baa3 rating to Adani Green Energy's senior secured notes

Moody's Ratings on Friday assigned Baa3 rating to Adani Green Energy Hybrid Restricted Group's USD 1.2 billion senior secured notes. Adani Green Energy Hybrid Restricted Group (RG-3) is a newly created restricted group comprising four indirect wholly-owned subsidiaries of Adani Green Energy Ltd (AGEL), Moody's said in a statement. The four subsidiaries of AGEL are Adani Hybrid Energy Jaisalmer One Limited, Adani Hybrid Energy Jaisalmer Two Limited, Adani Hybrid Energy Jaisalmer Four Limited and Adani Solar Energy Jaisalmer One Private Limited. Moody's said it "has assigned a Baa3 rating to the 20-year USD1.2 billion backed senior secured notes to be issued by RG-3." Each of the restricted subsidiaries will be an issuer for a portion of the notes, and a guarantor to the remaining notes. Proceeds from the notes will be used to refinance part of the USD 1.3 billion outstanding senior debt of RG-3's restricted subsidiaries. RG-3 intends to repay the balance of the existing debt using

CNBC TV18

Adani Green inks power consumption agreement for 61.4 MW green power supply

Adani Green Energy will supply the green power from a new renewable energy plant located in Khavda, Gujarat.

Mint

Adani Green Energy share are down by -0.8%, Nifty down by -0.2%

Adani Green Energy Share Price Today on 01-10-2024: On the last trading day, Adani Green Energy opened at ₹1910.05 and closed at ₹1887.90. The stock reached a high of ₹1929.95 and a low of ₹1881.00 during the day.

Business Standard

3 Adani firms join WEF initiative to play role in global decarbonisation

Three Adani group firms -- Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd -- have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster. This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment and advance decarbonisation by 2050, the group said in a statement. "By joining the WEF initiative, the signatories will have the opportunity to collaborate with global industry peers, think tanks, policymakers and experts to pioneer innovative approaches towards decarbonization," said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements. "The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country's dependency on energy imports." The WEF has played an important

CNBC TV18

Nuvama Wealth, Indian Bank, Piramal Enterprises, RailTel, NTPC and more: Top stocks to watch out for on September 27

stocks to watch, Nuvama Wealth Management, Indian Bank, Piramal Enterprises, RailTel, NTPC, Adani Green Energy, Infosys,Biocon, Jubilant Pharmova and more, these are the stocks to watch for today.

CNBC TV18

Adani Green and TotalEnergies finalise $444-million JV for Gujarat solar projects

The partnership sees TotalEnergies investing $444 million to acquire a 50% stake in Adani Renewable Energy Sixty Four Ltd (ARE64L). Shares of Adani Green Energy Ltd ended at ₹2,056.90, down by ₹10, or 0.48% on the BSE.

Business Standard

Adani Green Energy signs 50-50 joint venture pact with TotalEnergies

Adani Green Energy Ltd (AGEL) on Thursday announced that it has completed signing a 50:50 joint venture (JV) with TotalEnergies, according to an exchange filing. As part of the JV, TotalEnergies has invested USD 444 million in its subsidiary to acquire a 50 per cent stake in AGEL's solar projects located at the world's largest renewable energy plant in Khavda, Gujarat, the filing said. "We would like to inform that the company has signed a Joint Venture Agreement with TotalEnergies Renewables Singapore Pte Ltd (TotalEnergies) and Adani Renewable Energy Sixty Four Ltd (ARE64L)," AGEL said in the filing. AGEL and TotalEnergies own a 50:50 stake in ARE64L, which houses a 1,150 MWac (megawatt alternate current) project portfolio.

The Economic Times

AGEL, TotalEnergies form JV

Adani Green Energy Ltd (AGEL) has formed a 50:50 joint venture with TotalEnergies, with the latter investing USD 444 million to acquire a stake in AGEL's solar projects at Khavda, Gujarat. The joint venture will manage a 1,150 MWac project portfolio, as per an exchange filing by AGEL.

Mint

Adani Green Energy share are down by -0.23%, Nifty up by 0.26%

Adani Green Energy Share Price Today on 26-09-2024: On the last trading day, Adani Green Energy opened at ₹2075.05 and closed at ₹2062.10. The stock reached a high of ₹2091.85 and a low of ₹2052 during the session.

Business Standard

Adani Energy Solutions, Green Energy join Utilities for Net Zero Alliance

Adani Green Energy and Adani Energy Solutions have joined the Utilities for Net Zero Alliance, a joint statement said on Tuesday. Utilities for Net Zero Alliance (UNEZA) was established at COP28 with the adoption of the UAE Declaration of Action. The alliance unites leading global utilities and power companies to spearhead the development of grids that are ready for renewable energy, promoting clean energy solutions and advancing electrification efforts. Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd (AESL) have become the first in their respective segments in India to join this global alliance, the statement said. As a member of UNEZA, AGEL will focus on areas like the build-out of clean power, enhancement of energy security and improvement of energy efficiency, whereas AESL will redouble its efforts towards developing a reliable grid infrastructure for green energy transmission and distribution. Both AGEL and AESL aim to achieve net zero emissions by 2050.

The Economic Times

Adani Green Energy, Adani Energy Solutions join UNEZA

Adani Green Energy and Adani Energy Solutions have joined the Utilities for Net Zero Alliance, established at COP28. This alliance unites global utilities to promote renewable energy and electrification. AGEL will focus on clean power and energy efficiency, while AESL aims to develop reliable grid infrastructure. Both companies target net zero emissions by 2050.

Mint

Adani Green Energy share are up by 2.18%, Nifty up by 1.48%

Adani Green Energy Share Price Today on 20-09-2024: On the last trading day, Adani Green Energy opened at ₹1964.95 and closed at ₹2004.95. The stock reached a high of ₹2019.30 and a low of ₹1946.05 during the day.

Mint

Adani Green Energy share are down by -0.09%, Nifty up by 0.53%

Adani Green Energy Share Price Today on 19-09-2024: On the last trading day, Adani Green Energy opened at ₹1948.6 and closed slightly lower at ₹1947. The stock reached a high of ₹1954.7 during the day and dropped to a low of ₹1907.45.

Mint

Adani Green Energy share are down by -0.03%, Nifty up by 0.22%

Adani Green Energy Share Price Today on 18-09-2024: On the last trading day, Adani Green Energy opened at ₹1949.3 and closed at ₹1953.05. The stock reached a high of ₹1964.3 and a low of ₹1926.7 during the day.

The Economic Times

Brokerage Investec begins coverage on Adani Green Energy

The brokerage said that AGEL's growth will primarily be led by its plans for 30GW (gigawatt) and 11GW installations in Khavda, Gujarat and Rajasthan respectively, where it has access to large resource rich land banks along with evacuation facilities. It will take the total production capacity to 50+GW by FY30.

The Economic Times

Adani Green shares may rise up to 30%, says Investec while initiating coverage

Investec predicts that using advanced tech in ideal locations will boost energy production significantly. Combined with a greater focus on selling directly to customers, this should result in a 60% annual profit growth over the next six years.

Mint

Adani Green Energy share are up by 0.91%, Nifty up by 0.07%

Adani Green Energy Share Price Today : On the last trading day, Adani Green Energy opened at ₹1928.6 and closed at ₹1947.55. The stock reached a high of ₹1953 and a low of ₹1886.05, indicating a range of price movement throughout the day.

The Economic Times

Companies pledge Rs 32.5 lakh crore investments by FY30

Indian companies, including Adani Green and Torrent Power, have pledged ₹32.45 lakh crore by FY30 for renewable energy projects. This includes commitments for solar and wind energy capacities, green hydrogen, and electrolyser manufacturing. The announcement was made at the Global RE-Invest Summit in Gandhinagar.

Business Line

Adani Group to invest over $48 billion in green energy push

The power-to-ports conglomerate will infuse the capital in its two companies—Adani Green Energy (AGEL) and Adani New Industries, as per the company’s Shapath Parta (pledge) shared with the Ministry of New & Renewable Energy (MNRE) at the three-day RE-INVEST 2024

The Economic Times

RE-INVEST 2024: Adani Group firms pledge Rs 4.05 lakh cr investment in renewable energy projects

At the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024, the Adani Group announced a significant investment of ₹4,05,800 crore in renewable energy projects, including solar, wind, and green hydrogen. Adani Green Energy Ltd (AGEL) pledged to achieve 50 GW of renewable energy capacity by 2030, up from its current 11.2 GW.

Mint

Adani Green Energy share are up by 6.36%, Nifty up by 0.13%

Adani Green Energy Share Price Today : On the last trading day, Adani Green Energy opened at ₹1851.95 and closed at ₹1901.60. The stock reached a high of ₹1920 and a low of ₹1835 during the day.

CNBC TV18

Adani Power, Adani Green Energy shares rise 6% on major order win from Maharashtra

Adani Power and Adani Green Energy will sign separate contracts with MSEDCL for their respective supply component as permitted under the tender conditions.

CNBC TV18

The Marketbuzz Podcast: Market-moving week begins for Sensex, Nifty; Gold at record high

Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like Bajaj Housing Finance listing, Adani Green Energy and Samvardhana Motherson.

The Economic Times

Adani Green Energy appoints Surabh Shah as CFO

Adani Green Energy Ltd has announced the appointment of Saurabh Shah as its new Chief Financial Officer, effective October 1, 2024. The current CFO, Phuntsok Wangyal, will step down on September 30, 2024. Additionally, Shaminder Singh Jamwal will become Head of Security from October 1, while Satyajeet Ghoshal transitions to a new role in the CEO's office.

Mint

Adani Green Energy appoints Saurabh Shah as new CFO

Adani Green Energy on Saturday said Deputy Chief Financial Officer Saurabh Shah would assume the role of CFO, replacing Phuntsok Wangyal, who will step down effective Sept 30. 

Business Standard

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Mint

Adani Green’s on a roll to build capacity. But first, it needs to find buyers.

Adani Green Energy Ltd is on an ambitious path to quadruple its renewable generation capacity by 2029-30, with significant investments and a strategic land bank in place. However, the company faces challenges in winning bids and securing buyers.

Mint

Adani Green Energy share are down by -0.38%, Nifty down by -0.08%

Adani Green Energy Share Price Today : On the last trading day, Adani Green Energy opened at ₹1808.95 and closed at ₹1802.15. The stock reached a high of ₹1816.4 and a low of ₹1795.6 during the day.

Business Line

Adani Group Stocks Live Today: Adani Group stocks in focus as it rejects Hindenburg’s Swiss allegations

Adani Group Shares, Adani Enterprises Stocks, Adani Green Energy Shares Today, Adani Power Share Price Today Live Updates for September 13, 2024: Adani Group stocks in focus. Shares of Adani Power, Adani Ports, Adani Green Energy, and Adani Enterprises declined 1-2%

Mint

Adani Green Energy share are up by 0.14%, Nifty up by 0.36%

Adani Green Energy Share Price Today : On the last trading day, Adani Green Energy opened at ₹1820.6 and closed at ₹1816.85. The stock reached a high of ₹1834 and a low of ₹1812.9 during the day.

The Economic Times

Renewable firms hiring talent across levels amid expansion

India's renewable energy companies, including Adani Green Energy and Tata Power Renewable Energy, are ramping up hiring to support the nation's goal of net zero emissions by 2070. They seek talent in areas like project management, data science, and solar manufacturing. Companies are also collaborating with government bodies and engineering colleges for recruitment and upskilling initiatives.

Mint

Adani Green Energy share are up by 0.88%, Nifty up by 0.13%

Adani Green Energy Share Price Today : On the last trading day, Adani Green Energy opened at ?1867.95 and closed at ?1884.6. The stock reached a high of ?1887 and a low of ?1858 during the day.

The Economic Times

Adani Green Energy redeems $750 million bonds

Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent.

Mint

Adani Green Energy repays over ₹6,200 crore Holdco Notes ahead of schedule

Adani Green Energy Ltd (AGEL) has successfully redeemed its USD 750 million Holdco Notes ahead of schedule.

CNBC TV18

Adani Green Energy redeems $750 million Holdco Notes, strengthening capital management plan

The redemption was executed through a fully funded redemption reserve account, which AGEL had maintained since January 2024, the Adani Group firm said in a stock exchange filing.

Business Line

Adani Green Energy redeems $750 million Holdco Notes Ahead of maturity

AGEL’s shares saw a positive uptick on the NSE, reflecting investor confidence in the company’s growth strategy.

Business Standard

Adani Green redeems $750 mn bonds eight months ahead of redemption date

Adani Green Energy Ltd (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed USD 750 million worth of bonds as it deleverages business. In a statement, the firm said it has completed "redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024." The move is in step with its January announcement of a plan to redeem the USD 750 million worth of notes, eight months ahead of the redemption date. Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent. The company had in January stated it would pay USD 169 million from its reserves and internal accruals, and USD 300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining US

Mint

Adani Green Energy share are down by -0.09%, Nifty down by -0.89%

Adani Green Energy Share Price Today : On the last trading day, Adani Green Energy opened at ₹1899 and closed at ₹1888.95. The stock reached a high of ₹1929.2 and a low of ₹1875.5 during the day.

Business Standard

TotalEnergies' Adani Green Energy investments now at $3.2 billion

TotalEnergies continues to invest in Adani Green, calling it as a strategic move in the Indian electricity market

Mint

Adani Green Energy, TotalEnergies form joint venture for 1,150 MW solar projects in Khavda

Adani Green Energy and TotalEnergies have formed a joint venture to oversee a portfolio of solar projects totalling 1,150 MW at Khavda in Gujarat.