Adani Group

Total Invests Rs 3,707 Cr to Form 50:50 JV with Adani Green Energy

French multinational energy company Total S.A. (Total) has invested about Rs 3,707 crore, through its step-down subsidiary, to form 50:50 joint venture (JV) with Adani Green Energy Ltd (AGEL), the renewable energy arm of conglomerate Adani Group. The move came after the regulatory body – the Competition Commission of India (CCI) — has provided its […]

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Covid-19: Gautam Adani and ‘Parivaar’ Commits to Support India in Testing Times

Ahmedabad-based multinational conglomerate Adani Group Chairman Gautam Adani along with his ‘Parivaar’, employee workforce, has committed towards India’s fight against coronavirus pandemic. Last week, the Adani Foundation, a CSR arm of Adani Group, contributed Rs 100 crore towards PM’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). Now, its employees have contributed […]

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Adani Transmission Q3 Net Profit Zooms 32% to Rs 204 Cr

Adani Transmission Ltd (ATL), an arm of the Adani Group, has reported a jump of 32 per cent in its consolidated net profit after taxes (PAT) at Rs 204 crore for the third quarter ended December 31, 2019, strongly driven by superlative operational performance. “The consolidated net profit of the company stood at Rs 154 crore […]

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Total to Buy 50% Stake in Adani’s Solar Portfolio for About USD 510 Mn

In a bid to extend its long term partnership to renewables portfolio, Adani Group on Thursday entered into binding agreement to sell its half of the stake in solar energy assets for about USD 510 million to Total Gas & Power Business Services SAS (Total). As per the deal, Total will acquire 50 percent stake […]

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Gautam Adani Commits To Audacious Solar Ambition

Weeks after yet another ‘win’ in Australia, where the group has made a significant commitment to develop coal mines despite stiff resistance for its energy requirements in India, Gautam Adani, the founder of the group, chose to make a statement. In what is perhaps a  signal for the market on the group’s future priorities in […]

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Adani Green Energy’s Ashish Garg Resigns as CFO

Adani Green Energy Ltd (AGEL), a renewable energy arm of Adani Group, on Monday said that Ashish Garg, who was designated as the Chief Financial Officer (CFO) of the company has resigned with immediate effect. The company had informed in an exchange filing that “Ashish Garg has tendered his resignation as Chief Financial Officer of […]

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Work Begins on Adani’s 100% RE Data Centre

The centres with a 5 GW solar park would be a first-of-its-kind 100 percent renewable energy powered project in the world. Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday laid the foundation stone for Data Centre and Technology Park of Adani Group in the port city of Vizag. The ground-breaking ceremony for the facility coming up at Kapuluppada […]

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Government of Andhra Pradesh Signs MoU With Adani Group

In a development that will boost the country’s technology infrastructure and vitalize the concept of green data centers, the Government of Andhra Pradesh (GoAP) signed a MoU with the Adani Group to build Data Center Parks up to 5 GW capacities in and around Visakhapatnam over the next 20 years. This ambitious project would be […]

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Reliance Infra Sells Mumbai Power Portfolio to Adani Transmissions for Rs 18,000 Cr

Reliance Infra and Adani group had signed the pact for 100 per cent stake sale of R-Infra’s integrated business of generation, transmission and distribution of power for Mumbai in December 2017. Adani Group’s Adani Transmission has acquired Reliance Infrastructure’s integrated business of Generation, Transmission and Retail Electricity Distribution in Mumbai. Reliance Infra and Adani group had signed […]

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