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Hindustan Times

Adani now blends green hydrogen into natural gas for Ahmedabad cooking pipelines

Adani makes green hydrogen with wind or solar power to produce hydrogen through electrolysis and blends the hydrogen in natural gas for cooking and industries

The Economic Times

Adani Group seeks to invest $900 million in Tanzania power lines

Tanzania is negotiating with the Adani Group and UK company Gridworks Development Partners for public-private partnerships involving $900 million and $300 million power-line projects. The Adani Group is also expanding in East Africa, including a 30-year concession in Dar es Salaam and ongoing talks in Kenya, sparking local protests and legal actions.

Business Standard

Adani Group plans to invest $900 mn in Tanzania power lines in PPP mode

Adani Group has expressed its interest to the East African government, according to David Kafulila, executive director of Tanzania's Public-Private Partnership Centre

CNBC TV18

Adani Group seeks to invest $900 million in Tanzania power lines

Indian billionaire Gautam Adani’s company is expanding its footprint in East Africa with investments in Tanzania and neighboring Kenya.

Hindustan Times

All about the Adani Group's Khavda renewable energy plant that will power Google's cloud services next year

The Adani Group's hybrid solar-wind project which will power Google's cloud services is expected to start commercial operations in the third quarter of 2025

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.

The Economic Times

Adani Group merges subsidiaries with Adani New Industries

Adani Enterprises has merged its subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Limited. Adani Infrastructure focuses on real estate, thermal, and solar power projects. Mundra Solar deals with electricity production and distribution. ANIL, a wholly-owned subsidiary, handles the group's low-carbon projects like green hydrogen, wind turbines, and solar modules.

Business Standard

Env clearance to Adani's Chhattisgarh coal project despite NGT's rejection

The Centre has again approved a coal mining project operated by an Adani Group company in Chhattisgarh's Raigarh district, just six months after the National Green Tribunal (NGT) revoked its environmental clearance, directing the environment ministry to reexamine the case from the stage of the public hearing. There was no reaction available from the Adani Group till the filing of this report. The Rs 7,465-crore coal mine project, which will affect 14 villages in the Gare Palma area of Tamnar tehsil, belongs to the Maharashtra State Power Generation Company (Mahagenco), with Gare Palma II Collieries Pvt. Ltd., an Adani Group company, as the mine developer and operator. The environmental clearance has been granted despite studies highlighting serious concerns about the project's impact on the socio-economic and health conditions of villagers, hydrology, and carrying capacity, suggest government records. Congress leader Jairam Ramesh criticised the Centre for granting clearance again

The Economic Times

Vinit Bolinjkar on his top 2 bets in auto, power next week

Vinit Bolinjkar of Ventura Securities highlights Maruti and Adani Green as top picks. Maruti aims to establish 25,000 charging points by FY25. Adani Green is also promising with upcoming IPOs. Banking, IT, and metal sectors are expected to continue performing well, although some profit-taking may occur in the coming weeks.

Mint

Data Center emerging as next big biz, Adani fast-tracks $4 billion investment, others follow suit

As data center demand from tech giants surges in India, Adani has drawn a $4 bn investment plan. Adani's rivals-Nxtra by Airtel, Brookfield-RIL JV, and Yotta by Hiranandani too embark on significant expansion plans. The demand is rising especially due to power constraints in AI-driven services

CNBC TV18

Adani Energy transfers Adani Dahanu Thermal Power Station to subsidiary

The agreement facilitates the transfer of the Adani Dahanu Thermal Power Station (ADTPS) from AEML to NMPL through a slump sale on a going concern basis. Shares of Adani Energy Solutions Ltd ended at ₹1,014, down by ₹22.45, or 2.17%, on the BSE.

The Economic Times

Adani Electricity carves out Dahanu Thermal Power Station

Adani Electricity Mumbai has signed a business transfer agreement with its subsidiary North Maharashtra Power Limited to carve out the Adani Dahanu Thermal Power Station. This move, aimed at meeting ESG norms, is expected to attract ESG-focused investors. The transaction is valued at Rs 815 crore and awaits regulatory approval.

Mint

Adani Power share are up by 0.39%, Nifty down by -0.01%

Adani Power Share Price Today on 27-09-2024: On the last trading day, Adani Power opened at ₹664.2 and closed at ₹668. The stock reached a high of ₹674 and a low of ₹662.65 during the day.

The Economic Times

UPPCL's plea may delay KSK Mahanadi resolution process

The Uttar Pradesh Power Corp has filed a writ petition to consolidate insolvency proceedings of KSK Mahanadi and its subsidiaries, potentially delaying Adani Power's ₹27,000-crore bid. The Telangana High Court has deferred the process, and lenders plan to appeal. Lenders could recover 92% of their loans if the resolution plan is approved.

CNBC TV18

Vedanta, Uno Minda, Coromandel International, Reliance Power and more: Top stocks to watch out for on September 26

stocks to watch, Vedanta, Reliance Power, Uno Minda, Zen Technologies, Cipla, Coromandel International, ASK Automotive, PB Fintech, Five-Star Business Finance, Adani Group, KPR Mill, SpiceJet and more, these are the stocks to watch for today.

The Economic Times

Adani Power shares fall 1.27 per cent in Wednesday's trading session

The Relative Strength Index of the stock stood at 51.44 on Wednesday.

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.

The Economic Times

Adani Power shares down 0.01% as Nifty drops

A total of 95,886 shares changed hands on the counter till 11:41AM (IST).

The Economic Times

Adani Power shares fall 0.26% as Nifty gains

The stock quoted a 52-week high price of Rs 896.75 and a 52-week low of Rs 289.3.

Business Standard

Amid Bangladesh turmoil, Adani eyes Indian power grid to link Godda plant

Adani Power's Jharkhand plant, which sells its entire output to Bangladesh, is exploring selling power in India. This comes amid reports that Bangladesh may review its pact with the company

Business Standard

Adani Energy Solutions valued at $18.5 bn; revenue to grow 20% over 3 years

Adani Energy Solutions Ltd, power transmission utility of the Adani group, is valued at USD 18.5 billion at enterprise level and a strong business growth is likely to propel a 29 per cent compounded growth in its pre-tax profits over the next three years, a report said. AESL has a diversified portfolio that includes transmission assets, distribution assets, and a smart metering business. "With an enterprise value of USD 18.5 billion, we believe AESL to be a very attractive way to play the rapidly expanding energy markets in India," global brokerage Cantor Fitzgerald said, initiating coverage of the company. It believes AESL offers growth unlike any other publicly traded utility/energy company across US, Europe, or Asia. "We forecast total revenue to grow at a CAGR of 20 per cent from FY24 to FY27 and adjusted EBITDA to grow at a CAGR of 28.8 per cent." This compares to peers growing revenue at low single digits and EBITDA at mid-single digits. Stating that it is growing meaningful

Business Standard

Adani Energy Solutions valued at $18.5 bn; revenue to grow 20% over 3 years

Adani Energy Solutions Ltd, power transmission utility of the Adani group, is valued at USD 18.5 billion at enterprise level and a strong business growth is likely to propel a 29 per cent compounded growth in its pre-tax profits over the next three years, a report said. AESL has a diversified portfolio that includes transmission assets, distribution assets, and a smart metering business. "With an enterprise value of USD 18.5 billion, we believe AESL to be a very attractive way to play the rapidly expanding energy markets in India," global brokerage Cantor Fitzgerald said, initiating coverage of the company. It believes AESL offers growth unlike any other publicly traded utility/energy company across US, Europe, or Asia. "We forecast total revenue to grow at a CAGR of 20 per cent from FY24 to FY27 and adjusted EBITDA to grow at a CAGR of 28.8 per cent." This compares to peers growing revenue at low single digits and EBITDA at mid-single digits. Stating that it is growing meaningful

The Economic Times

Power dues from Bangladesh: PTC & SEIL seek to invoke bank guarantees

PTC India and SEIL Energy India have approached the Bangladesh Power Development Board to invoke bank guarantees due to unpaid dues for power supplied. While BPDB has started making payments to Adani Power, SEIL Energy India and PTC India are still awaiting payment for their dues, critical for continued power supply.

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.