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The Economic Times

Adani Power shares drop 1.12% as Sensex rises

On the technical charts, the RSI of the stock stood at 44.49.

Mint

Adani Power share are down by -1.43%, Nifty up by 0.54%

Adani Power Share Price Today on 19-09-2024: On the last trading day, Adani Power opened at ₹656.95 and closed at ₹642. The stock reached a high of ₹658.25 and a low of ₹641.25 during the day.

Business Standard

Ion Exchange share price flies 10% on Rs 161-cr order win; details here

The uptick in Ion Exchange share price came after the company announced that it has secured an order worth Rs 161.19 crore from Adani Power.

CNBC TV18

Ion Exchange wins ₹161-crore contract from Adani Power for water and environment solutions

The contracts involve providing comprehensive water and environment management solutions for two 800 MW units at Adani's Raipur and Raigarh ultra-superpower projects. Shares of Ion Exchange (India) Ltd ended at ₹646.35, down by ₹10.45, or 1.59%, on the BSE.

Mint

Adani Group’s bid to buy Reliance Power’s plant near Mumbai gets a fresh boost

Reliance Power's resolution of a loan dispute clears the path for Adani Group to acquire the Butibori thermal power plant, previously a key electricity supplier to Mumbai.

The Economic Times

Adani Power share price down 1.46 per cent

A total of 95,147 shares changed hands on the counter till 01:23PM (IST).

The Economic Times

Adani Power rises 0.45% as Sensex climbs

The stock traded at a P/E multiple of 16.23, while the price-to-book value ratio stood at 5.78.

Mint

Adani Power share are down by -1.29%, Nifty up by 0.1%

Adani Power Share Price Today : On the last trading day, Adani Power opened at ₹666 and closed at ₹657.4. The stock reached a high of ₹668.55 and a low of ₹652.3 during the day.

Hindustan Times

Adani Group’s Kenya transmission deals still under talks: ‘Many boxes to tick’

Kenya Electricity Transmission Co. continues negotiations with Adani Energy for three power lines, disputing claims of awarded deals worth $1.3 billion.

The Economic Times

Buy Adani Power, target price Rs 755: Anand Rathi

Adani Power Ltd. key Products/Revenue Segments include Coal, Income From Power Supply, Sale of services for the year ending 31-Mar-2022.

Business Line

Adani’s Kenya power line deals still under discussion, Ketraco confirms

Adani expressed interest last year to construct 388 kilometres (241 miles) of high-voltage transmission lines, according to the agency

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

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.

The Economic Times

Market Trading Guide: Adani Power, Trent among 6 stock recommendations for Tuesday

Indian indices hit new highs on Monday but traded within a narrow range. Nifty closed at 25,377.80, up 21.30 points. S&P BSE Sensex closed at 82,988.99, up 98.05 points. Technical analyst Rupak De sees continued strength in the Nifty, with support levels at 25,150-25,200 and resistance at 25,460-25,500.

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

Adani Group says have not issued any press releases related to Kenya

The Adani Group has clarified that it has not issued any statements regarding Kenya amid circulating fraudulent press releases. The company emphasised the need to verify facts from official sources. Meanwhile, a Kenyan court has suspended a $1.85 billion deal for Adani to operate Nairobi's Jomo Kenyatta International Airport, and Kenya awarded Adani a $1.3 billion contract to build power transmission lines.

Business Standard

Sri Lanka's JVP vows to cancel Adani wind energy project if elected

The Marxist Janatha Vimukthi Peramuna (JVP) on Monday vowed to cancel the Adani Group's wind power project in Sri Lanka if it gets elected in the presidential election scheduled for the weekend. JVP leader Anura Kumara Dissanayake, the presidential candidate from the broader front National People's Power (NPP), told a political chat show here that they would annul the project. Asked if the project posed a threat to the island nation's energy sector sovereignty, Dissanayake said: Yes. We will definitely cancel it as it threatens our energy sovereignty." The JVP, which led a bloody anti-India rebellion in the island nation between 1987 and 1990 following India's direct intervention in the Lankan civil war through the Indo-Lanka Peace Accord, is believed to be leading in the unofficial polls ahead of the September 21 election. The JVP dubbed the Indo-Lanka Accord a betrayal of the nation and killed the then-ruling party members, supporters and other political activists who supported t

Mint

Adani Power share are up by 6.12%, Nifty up by 0.19%

Adani Power Share Price Today : On the last trading day, Adani Power opened at ₹660.95 and closed at ₹672.35. The stock reached a high of ₹681.30 and a low of ₹650.15 during the session.

Business Standard

Kenya awards $1.3 bn transmission deal to Adani amid airport lease protests

Kenya has awarded a $1.3 billion public-private partnership contract to India's Adani Group and Africa50 for the construction of power transmission lines

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.

Hindustan Times

Adani Group gets contract to build power lines in Kenya with $1.3 billion concession

Kenya has awarded a $1.3 billion public-private partnership to Adani Group and Africa50 for building power transmission lines, according to an economic advisor.

The Economic Times

Kenya says it has given Adani Group contract to build power lines

Kenya has granted a $1.3 billion public-private partnership concession to India's Adani Group and Africa50, a unit of the African Development Bank, to build power transmission lines. This project aims to alleviate Kenya's debt burden. However, a separate plan to lease Jomo Kenyatta International Airport to Adani has sparked controversy and protests.

Business Standard

Cong attacks Mahayuti govt over Adani's win to supply power to Maharashtra

With the Adani Group winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra, the Congress on Sunday alleged that it was a "rigged deal" facilitated by the Mahayuti government, which it claimed was "tottering towards a landslide defeat" in the upcoming assembly polls. The opposition party's attack came after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power. Reacting to the development, Congress general secretary in-charge Jairam Ramesh said, "Even as the Mahayuti Government in Maharashtra totters towards a landslide defeat, this is what they choose to do with their last few days in power. Yet another Modani enterprise undoubtedly!" "Shocking details of this rigged deal will soon start tumbling out," Ramesh said in X. Supplies are to start in 48 months from the date of award of the letter of intent. Lat

Business Standard

Adani Group's power entities to sign 6.6 GW agreement with MSEDCL

AGEL said its PPA for 5 GW is in accordance with the LOI awarded to Adani Power as permitted under the tender conditions

Business Line

Adani Power gets LoI to supply 6.6GW power to Maharashtra for 25 years

Adani Power secured the order through a competitive bidding process initiated by MSEDCL for procurement of combined 1600 MW thermal and 5000 MW solar power.

Business Line

Adani Group secures bid to supply 6,600 MW of electricity at ₹4.08/unit tariff

Adani Power will supply solar power at a fixed cost of ₹2.70 per unit throughout the entire supply period.

Business Standard

Adani wins bid to supply 6,600 MW of electricity at Rs 4.08/unit tariff

Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said. Its bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said. Supplies are to start in 48 months from the date of award of the letter of intent. As per the bid conditions, Adani Power will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices. Maharashtra State Electricity Distribution Company (MSEDCL), in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal. That tender was floated ju

The Economic Times

Adani wins bid to supply 6,600 MW of electricity, Rs 4.08/unit tariff beats JSW, Torrent

Adani Group has secured a contract to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for 25 years at Rs 4.08 per unit. This bid, lower than current procurement costs, will help meet the state's future electricity needs. Supplies are set to begin in 48 months.

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

The Economic Times

Adani Power share price down 2.1 per cent

A total of 298,110 shares changed hands on the counter till 01:53PM (IST).

Mint

Adani Power share are down by -1.79%, Nifty down by -0.07%

Adani Power Share Price Today : On the last trading day, Adani Power opened at ₹647.65 and closed at ₹639.70. The stock reached a high of ₹647.65 and a low of ₹638.00 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%

CNBC TV18

Marketbuzz Podcast with Kanishka Sarkar: Market likely to start in green, Adani group stocks, BPCL in focus

Marketbuzz Podcast: GIFTNifty was higher this morning suggesting a start in the green for the Indian market with stocks likes BPCL, Tata Power, Adani Group, BLS International among others in focus. Tune in to the podcast for more cues

The Economic Times

Supreme Court allows Adani-Dickey consortium to continue operating Coastal Energen power plant

The Supreme Court has allowed the Adani Power and Dickey Alternative Investment Trust consortium to operate Coastal Energen's 1,200 MW power plant until the NCLAT decides on appeals against the resolution plan. The consortium cannot dismantle the plant or create third-party rights. The final proceedings will not be affected by this observation.

Mint

Supreme Court allows Adani to operate Coastal Energen power plant without changes until NCLAT ruling

The court overruled an appellate tribunal’s interim order that directed the resolution professional to take charge of the plant.

The Economic Times

Adani Power shares up 2.01% as Nifty gains

A total of 182,609 shares changed hands on the counter till 01:28PM (IST).

Mint

Adani Power share are down by -0.17%, Nifty up by 0.3%

Adani Power Share Price Today : On the last trading day, Adani Power opened at ₹635.7 and closed at ₹625.7. The stock reached a high of ₹635.7 and a low of ₹623.25 during the day.

Hindustan Times

Bangladesh's interim government to review Adani Power deal: Report

The interim government in Bangladesh, led by Muhammad Yunus, will review contracts with Indian businesses, including Adani Group.

The Economic Times

Status quo on Coastal Energen resolution challenged

A consortium of Adani Power and Dickey Alternative Investment Trust has approached the Supreme Court to challenge an NCLAT order that directed them to maintain the status quo on implementing a resolution plan for Coastal Energen. The Supreme Court will hear the matter on Thursday, following concerns about due process and financial gains.

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.