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FOUND: 2 | Mind Blowing Facts

Only two offers for power supply under ‘swap’ arrangement

Two companies (APPCPL, Manikaran Power) agreed to supply power under 'swap' arrangement. APPCPL to supply 150 MW in Nov & 50 MW in Mar 2024. KSEB to return power during June-Sept 2024. Adani Power & DB Power quote ₹6.88/unit for 303 MW & 100 MW respectively. Short-term supply of 150…

The Hindu

Two companies quote ₹6.88 per unit for medium-term contracts for power supply

KSEB has invited bids for 500 MW of power to avert a power crisis in Kerala. Adani Power and DB Power have agreed to supply 303 MW and 100 MW respectively at ₹6.88 per unit after a reverse bidding process. KSEB will finalise a decision and obtain approval from the…

The Hindu

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

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After Congress, AAP demands probe into Adani Power issue

AAP Rajya Sabha MP Sanjay Singh demanded action against officials and Ministers in Gujarat for alleged excess payment to Adani Power Mundra Limited over five years under two power purchase agreements.

The Hindu

Gujarat power utility made ‘excess payment’ of ₹3,900 crore to Adani: Congress

Gohil accuses Gujarat govt of favouring Adani Group by making excess payment of ₹3,900 crore. Govt denies scam, says payments ongoing & will be adjusted.

The Hindu

Joint Parliamentary Committee needed to probe allegations against Adani group: Congress

Congress alleges that the Supreme Court-appointed expert committee and the SEBI have “hit walls” while investigating the Adani group’s transactions and stressed the need for a JPC probe

The Hindu

Adani proposed coal ventures to sanctioned Myanmar military despite public vow to cut ties, leaked documents show

International pressure led to Adani vowing to cut ties with Myanmar's military junta in 2021. Now, leaked documents reveal how the resources giant had been privately negotiating coal ventures with the sanctioned regime leaders.

ABC News

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Bangladesh in hot seat over Adani’s power deal

Bangladesh’s opposition has jumped on the recent controversy over the Indian tycoon to demand cancelling the power deal.

Al Jazeera

Six Adani group companies settle higher; four firms hit upper circuit

NEW DELHI: Shares of six Adani Group firms out of ten listed entities ended the day in positive territory on Thursday amid an overall weak trend in the equity markets.

The Times of India

Adani Power amalgamates six subsidiary companies

NEW DELHI: Adani Power on Tuesday said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself.

The Times of India

NCLAT upheld Adani Power bid for Korba West Power; asks Shapoorji Pallonji & Co to pursue arbitration for claims

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has upheld the 2019 Resolution Plan of Adani Power's bid for Korba West Power and has asked Shapoorji Pallonji Co to pursue arbitration proceedings for pending claims.

The Times of India

Adani stock rout has room to run as charts show 85% call still valid

MUMBAI: The rout in Adani group shares has room to run based on charts that show key stocks in Gautam Adani’s empire may still extend declines to the 85% downside flagged by Hindenburg Research.

The Times of India

Adani Power Q3 profit plunges 96% to Rs 9 crore

NEW DELHI: Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses.

The Times of India

Top market movers: Stocks with most gains

NEW DELHI: What stocks gained the most today? How do they compare with shares of companies that have given the highest return in the past one week, one month and one year?

The Times of India

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The Times of India

Stocks with highest returns for investors

NEW DELHI: What stocks gained the most today? How do they compare with shares of companies that have given the highest return in the past one week, one month and one year?

The Times of India

Top market movers: Stock with highest returns for investors

NEW DELHI: What stocks gained the most today? How do they compare with shares of companies that have given the highest return in the past one week, one month and one year?

The Times of India

Adani Power Q1 net profit jumps 16 times to Rs 4,780 crore

AHMEDABAD: Adani Power on Wednesday posted a whopping 1,619% growth in its consolidated net profit during the first quarter of fiscal year 2022-23.

The Hindu

NGT imposes ₹52 crore penalty on Adani power plant for environmental pollution in coastal Karnataka

MoEFCC also directed to get fresh studies on carrying capacity and environment impact done before permitting further expansion

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The Times of India

What is the MSCI India Index and why it matters

NEW DELHI: Global indices service provider MSCI had earlier this month announced a couple of inclusion and exclusion, along with changes in weightages of a few Indian stocks, which has influenced flows in these stocks. While it has added four stocks to its MSCI India index, namely Tata Elxsi, Adani…

The Times of India

Adani Power net profit surges to Rs 4,645 crore in Q4

NEW DELHI: Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues.

The Times of India

Adani Wilmar becomes 7th Adani Group company to cross Rs 1 lakh crore market capitalisation

NEW DELHI: Adani Wilmar became the 7th companies within Adani group to cross Rs 1 lakh crore market capitalisation mark.

The Times of India

Dry forecast, 2,200 MW power shortfall making Haryana sweat

CHANDIGARH: Summer has come a month earlier and the predictions of dry spells are making Haryana sweat because the state has inadequate power backup. After failing to add own capacity, Haryana Power Generation Corporation Limited (HPGCL) now cries before Haryana Electricity Regulatory Commission (HERC) for justice, making the situation worse.

Benzinga

Indian Energy Tycoon Just $3B Behind Warren Buffett On Global Rich List As Power Arm Hits Key Milestone

While the Indian stock market slid into the red on Monday with other Asian peers, the stocks of the listed Adani companies continued to defy the market and hit new milestones. In a recent surge, the power, and energy arm of the Adani conglomerate, the Adani Power, crossed INR 1…

The Times of India

Imported coal based power plants get fuel cost relief till December

NEW DELHI: The power ministry has allowed independent power producers (IPPs) burning imported coal to pass on the higher fuel costs till December with a view to restarting stalled capacity as domestic coal-based generation stations across the country struggle to cope with rising demand because of low fuel inventories, sources…

The Times of India

Adani Power scrip hits circuit as Rajasthan discoms pay Rs 3,000 crore

NEW DELHI: Adani Power shares on Tuesday shot up to a 52-week high, hitting the 10% upper circuit on reports the company has received Rs 3,000 crore in past dues from three Rajasthan discoms (distribution companies).

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