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New Delhi, Aug 28 (PTI) Power Mech Projects on Thursday said that it has secured an order worth Rs 370.84 crore from Adani Power arm Mahan Energen for the execution of civil works at the Mahan Phase-III project in Singrauli, Madhya Pradesh. Mahan Energen Ltd was formerly known as Essar Power M P Ltd. The scope of work includes the execution of civil works and erection of prefabricated structural steel for BTG (boiler turbine generator) units 1and 2, the main powerhouse, central control buildin ...Read More >
New Delhi: In a major development, the shares of Adani Power rose nearly 3 percent in opening trade on Tuesday. This comes after Adani Group's power arm managed to successfully complete the acquisition and implementation of the resolution plan of Vidarbha Industries Power Ltd (VIPL). According to the company, the acquisition was completed for Rs 4000 crore. It is important to note that the acquired asset, a 2×300 MW domestic coal-based power plant, is located in Butibori, Nagpur district, Mahara ...Read More >
New Delhi: Adani Power Ltd on Tuesday announced the completion of its acquisition of the 600-megawatt (MW) Vidarbha Industries Power Ltd through the insolvency route for an aggregate consideration of Rs4,000 crore. On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved its resolution plan for Vidarbha Industries Power Ltd (VIPL), Adani Power Ltd (APL) said in a statement. SB Khyalia, Chief Executive Officer, Adani Power Ltd, said: "As we continue expanding our ...Read More >
Hyderabad: The legacy of Sardar Hari Singh Nalwa, who once stopped the Afghan forces at the Khyber Pass, is not merely history but a living inheritance, said Dr A. Tajinder Pal Singh Nalwa, his descendant. "If we could protect India from invasions then, we must now protect our children's minds from disintegration." Dr Nalwa was speaking to Sikh educators, community members, students, and lawyers at a seminar hosted by the Sikh Education Society at Guru Nanak High School Lecture Hall. Presided ...Read More >
Nagpur: Adani Power has finally taken over Anil Ambani-led Reliance Group's power plant at Butibori for Rs4,000 crore. The acquisition was formally completed on Tuesday. Originally built for captive supply of cheap power to industries in Butibori and nearby areas, the power plant ended up catering to Mumbai before it ran into trouble.Reliance company, Vidarbha Industries Power Limited (VIPL), had set up a 600MW (2 units of 300 MW) capacity generation plant at Butibori over a decade ago. The plan ...Read More >
NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL operates a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The company, in a press note said that on June 18, 2025, t ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolu ...Read More >
New Delhi, Jul 8 (PTI) Adani Power Ltd on Tuesday announced the completion of its acquisition of the 600 megawatt (MW) Vidarbha Industries Power Ltd through the insolvency route for an aggregate consideration of Rs 4,000 crore. On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved its resolution plan for Vidarbha Industries Power Ltd (VIPL), Adani Power Ltd (APL) said in a statement. Subsequently, the plan was successfully implemented on July 7, 2025, taking A ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolu ...Read More >
New Delhi: Billionaire Gautam Adani-led group's flagship firm on Sunday announced a Rs 1,000 crore NCD issue offering up to 9.30 per cent per annum. The issue opens on Wednesday, July 9, 2025, and closes on July 22, a company statement said. It offers an effective yield of up to 9.30 per cent per annum. This is Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. "The second public issuance of NCDs by AEL, further deepens our commitment to ...Read More >
Ahmedabad (Gujarat) [India], July 6 (ANI): Adani Enterprises Limited, the flagship company of the Adani Group and India's largest listed business incubators in terms of market capitalization with a long track record of creating sustainable infrastructure businesses since 1993, has announced the launch of its second public issuance of secured, rated, listed redeemable, non-convertible debentures. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on t ...Read More >
New Delhi, Jul 6 (PTI) Billionaire Gautam Adani-led group's flagship firm on Sunday announced a Rs 1,000 crore NCD issue offering up to 9.30 per cent per annum. The issue opens on Wednesday, July 9, 2025, and closes on July 22, a company statement said. It offers an effective yield of up to 9.30 per cent per annum. This is Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. "The second public issuance of NCDs by AEL, further deepens our ...Read More >
Ahmedabad, July 6 (SocialNews.XYZ) Adani Enterprises Limited (AEL) on Sunday announced the launch of its second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore. The issue opens on July 9 and closes on July 22 (with an option of early closure or extension), offering up to 9.30 per cent per annum. The NCDs have a face value of Rs 1,000 each. Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The m ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Reaffirming the Adani Power Ltd assets as a reliable and cost-competitive power source for meeting the country's growing energy needs, Bangladesh has made its single largest payment of $437 million last month, clearing all pending dues to the company. The neighbouring country has now requested Adani Power, part of the diversified Adani Group, to supply power from both units as per BPDB (Bangladesh Power Development Board) schedule, since the dues are now settl ...Read More >
New Delhi, Jul 1 (PTI) Bangladesh made its single largest payment of USD 437 million in June, clearing pending dues, including carrying costs, and issues related to the power purchase agreement, reaffirming the Indian conglomerate's asset as a reliable and cost-competitive power source for meeting the country's growing energy needs, sources said. Bangladesh is now regular in payments. Additionally, an LC (Letter of Credit) worth about two months of billing and sovereign guarantee for all dues a ...Read More >
Patna: Four private power companies that included Adani Power, JSW Energy, Torrent Power and Bajaj Energy's Lalitpur Power have shown interest in setting up a 3x800 MW thermal power plant at Pirpainti, Bhagalpur in Bihar. It will be the largest private sector investment in power sector in Bihar with a whopping investment of approx. Rs 28,000 crore rupees for the project. Under the project, three plants- one each of 800 MW capacity totalling 2400 MW- will be set up at Pirpainti as part of the T ...Read More >
Patna: Four private power companies -- Adani Power, JSW Energy, Torrent Power and Bajaj Group's Lalitpur Power -- have shown interest in setting up a 2,400-MW thermal power plant at Pirpainti in Bihar's Bhagalpur district, an energy department official said here on Friday. It will be first private sector investment -- a whopping Rs 21,400 crore -- in power sector in Bihar. Under the project, three plants -- each of 800-MW capacity -- will be set up at Pirpainti as part of Tariff-based Competitiv ...Read More >
Mumbai, June 8 (SocialNews.XYZ) On her milestone 50th birthday, Shilpa Shetty took a heartfelt moment to reflect on her incredible journey and the defining stories that have shaped her both personally and professionally. Celebrating decades of success and growth, she shared insights into the experiences that made her the strong and inspiring woman she is today. Taking to Instagram, she posted a video of her transformation over the years and wrote, "Grateful for my journey and the stories that m ...Read More >
New Delhi, Jun 8 (PTI) India's second richest person Gautam Adani received a total remuneration of Rs 10.41 crore in the fiscal year ended March 31, 2025, lower than most industry peers and his own key executives. Adani, 62, drew salaries from two out of the nine listed companies in his ports-to-energy conglomerate, the latest annual reports of the listed entities of the group showed. His total remuneration was 12 per cent more than the Rs 9.26 crore he had earned in the previous 2023-24 financ ...Read More >
The Adani Group reported record earnings for the financial year ending March 2025, with consolidated Ebitda reaching ₹89,806 crore, driven by continued expansion in core infrastructure sectors and higher operating cash flows across its portfolio. The Group's Ebitda was up 8.2 per cent compared to ₹82,976 crore reported in FY24 by the group listed companies, the Group said in a media statement. The conglomerate, with interests ranging from energy and logistics to cement and mining, also repor ...Read More >
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000 ...Read More >
New Delhi: In a major boost to Adani Power Ltd (APL), Crisil Ratings has upgraded its rating on the long-term bank facilities of the company from 'Crisil AA-/Positive' to 'Crisil AA/Stable'. Additionally, the global credit rating agency has assigned its 'Crisil AA/Stable' rating to Adani Power's proposed Rs 11,000 crore non-convertible debentures (NCDs). The upgrade reflects Crisil's assessment of Adani Power's improving credit risk profile, citing key business growth parameters such as an inc ...Read More >
NEW DELHI: Crisil Ratings has upgraded its rating on the long-term bank facilities of Adani Power Ltd (APL) to 'Crisil AA/Stable' from 'Crisil AA-/Positive'. The global credit rating agency has also assigned its 'Crisil AA/Stable' rating to Rs 11, 000 crore proposed non-convertible debentures (NCDs) of Adani Power. The upgrade in rating reflects "Crisil Ratings' expectation of strengthening in APL's overall credit risk profile with strong improvement in the business parameters on account of in ...Read More >
New Delhi, Dec 12 (PTI) Nine of the 11 listed Adani Group stocks ended higher on Thursday, with Adani Green Energy surging over 6 per cent in an otherwise sluggish equity market. The stock of Adani Green Energy jumped 6.15 per cent, Adani Power surged 3.97 per cent, Adani Energy Solutions climbed 3.16 per cent, Adani Enterprises rose 2 per cent, Adani Total Gas shot up by 1.84 per cent, Adani Ports (0.90 per cent), Adani Wilmar (0.16 per cent), NDTV (0.14 per cent) and Sanghi Industries (0.06 p ...Read More >
New Delhi, Dec 4 (PTI) The Congress Wednesday said a "cover-up" is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian inst ...Read More >
New Delhi: The Congress Wednesday said a "cover-up" is in the making after reports claimed that Adani entities have applied for a settlement in response to SEBI show cause notices in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutio ...Read More >
New Delhi, Dec 3 (PTI) Shares of seven Adani Group firms ended in the green on Tuesday, with Adani Ports surging 6 per cent, emerging as the biggest gainer among the Sensex and Nifty firms. The stock of Adani Ports surged 6.02 per cent, Ambuja Cements soared 5.15 per cent, ACC (2.56 per cent), Adani Enterprises (2.33 per cent), Sanghi Industries (2.09 per cent), Adani Wilmar (1.19 per cent) and NDTV (0.45 per cent) on the BSE. However, shares of Adani Green Energy went lower by 1.17 per cent, ...Read More >
New Delhi, Dec 3 (PTI) Shares of seven Adani Group firms ended in the green on Tuesday, with Adani Ports surging 6 per cent, emerging as the biggest gainer among the Sensex and Nifty firms. The stock of Adani Ports surged 6.02 per cent, Ambuja Cements soared 5.15 per cent, ACC (2.56 per cent), Adani Enterprises (2.33 per cent), Sanghi Industries (2.09 per cent), Adani Wilmar (1.19 per cent) and NDTV (0.45 per cent) on the BSE. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbi ...Read More >
New Delhi, Dec 3 (PTI) Shares of seven Adani Group firms ended in the green on Tuesday, with Adani Ports surging 6 per cent, emerging as the biggest gainer among the Sensex and Nifty firms. The stock of Adani Ports surged 6.02 per cent, Ambuja Cements soared 5.15 per cent, ACC (2.56 per cent), Adani Enterprises (2.33 per cent), Sanghi Industries (2.09 per cent), Adani Wilmar (1.19 per cent) and NDTV (0.45 per cent) on the BSE. However, shares of Adani Green Energy went lower by 1.17 per cent, ...Read More >
The report highlighted that the group has taken substantial measures to strengthen its financial position and operational efficiency over the last two years. One of the notable developments is the dramatic reduction in share pledges across the group's companies over the last 1.5 years. For instance, share pledges in Adani Power have dropped from 25 per cent to 1 per cent, and for Adani Ports, from 17 per cent to nil. It said "the evolution of share pledges for the group there has been a dramat ...Read More >
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