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Adani Power inks deals to buy Jaiprakash Power stake, Churk assets for over Rs 4,193 crore total
Adani Power is set to acquire a significant stake in Jaiprakash Power Ventures and a thermal power plant. This move is part of a resolution plan for Jaiprakash Associates. The acquisitions will boost Adani Power's generation capacity and expand its presence in the thermal power sector. The deal is expected to be completed within 90 days of NCLT approval.
Adani Power to acquire 24% stake in JP Power, other thermal asset for over ₹4,000 crore
The transaction is part of the broader resolution plan that was upheld by the National Company Law Appellate Tribunal (NCLAT) on May 4, following the NCLT approval in March.
Adani, Reliance, Lodha, JSW bid for 206-acre Mumbai redevelopment projects
Leading real estate firms are vying to redevelop three large housing colonies in Mumbai. These projects span prime areas like Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority is overseeing the process. This initiative aims to upgrade living standards for residents in older colonies. It promises modern housing and improved urban infrastructure for thousands.
Adani Green To Develop 2,250 MW Gandikota-2 Pumped Storage Project In Andhra Pradesh
Picture used for representational purpose only.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
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.
Adani stocks gain as US drops charges in New York case; Adani Green up 4%
Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.
All Adani Stocks Trade In The Green After Clean Chit From US Justice Dept
Adani Enterprises is currently trading with gains of 2% in trade at Rs 2,747, reaching intraday high of Rs 2,774
Adani Enterprises to Adani Green: Adani Group shares jump after US moves to drop fraud charges against Gautam Adani - Mint
Adani Enterprises to Adani Green: Adani Group shares jump after US moves to drop fraud charges against Gautam AdaniMint
Adani Group stocks rise up to 3% after US Justice Department drops all charges against Gautam Adani
Adani Group stocks rose up to 3% after US Department of Justice dropped all criminal charges against Indian billionaire Gautam Adani and his nephew Sagar Adani, concluding a 19-month legal battle. This development, alongside a $275 million settlement with the US Treasury for sanctions violations, lifts uncertainty over the Adani Group's expansion plans. The group had faced allegations of bribery and fraud linked to solar power contracts.
Gautam Adani is overhauling his conglomerate, from Apple-style vendors to less hierarchy and more talent grooming
The ports-to-renewable energy conglomerate is aggressively developing a third-party vendor ecosystem to take over manufacturing, logistics, engineering and other functions.