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Adani Green fastest wealth creator, Adani Enterprises best all-round wealth creator: MOFSL  Adani Green has emerged as the fastest wealth creator during the five-year period (2019-March 2024), with a compound annual growth rate (CAGR) of 118 per cent, a Motilal Oswal Financial Services Limited (MOFSL) study showed on Tuesday.   According to the ‘29th Motilal Oswal Annual Wealth Creation Study,” Rs 10 lakh invested in 2019 in the top ‘10 Fastest Wealth Creators’ would be worth Rs 1.75 crore in 2024, a return CAGR of 77 per cent compared to 14 per...
Adani Green fastest wealth creator, Adani Enterprises best all-round wealth creator: MOFSL
Adani Green fastest wealth creator, Adani Enterprises best all-round wealth creator: MOFSL
Source: IANS
2024-12-10 02:50:48 pm
India`s Adani Green calls off planned dollar bond sale, sources say  India's Adani Green Energy cancelled its plan to raise funds via U.S. dollar-denominated bonds after investors placed bids at higher yields than the company was willing to pay, two bankers directly involved in the deal said late on Tuesday. The initial guidance set out to offer a yield of 7% for the 20-year maturity, according to one of the bankers. "Some investors were demanding a higher yield, with which the company was not comfortable and hence they decided to call off...
India`s Adani Green calls off planned dollar bond sale, sources say
India`s Adani Green calls off planned dollar bond sale, sources say
Source: Reuters
2024-10-16 09:19:04 am
Adani Group honoured in TIME’s World’s Best Companies of 2024 Leading integrated business conglomerate Adani Group on Friday said it has been featured in TIME magazine’s prestigious ‘World’s Best Companies of 2024’ list.  The list was prepared in collaboration with Statista, a global industry ranking and statistics portal.  Notably, eight out of 11 listed Adani portfolio companies were considered in the evaluation, reflecting a comprehensive performance across the group. The other three listed companies are subsid...
Adani Group honoured in TIME’s World’s Best Companies of 2024
Adani Group honoured in TIME’s World’s Best Companies of 2024
Source: IANS
2024-09-14 09:05:14 am
Adani Green stock can rally 75 pc, Khavda RE plant a game changer: Jefferies Riding on strong industry tailwinds and power demand growth, Adani Green Energy’s stock can grow an impressive 75 per cent in a bull-case scenario given the capacity expansion target, according to Jefferies.  The global brokerage firm has set a target price of Rs 2,130 apiece, implying a potential upside of 17 per cent from the previous close. In the morning trade on Monday, the share of Adani Green went up 1.5 per cent to 1,830 apiece. However, Jefferies has put a more op...
Adani Green stock can rally 75 pc, Khavda RE plant a game changer: Jefferies
Adani Green stock can rally 75 pc, Khavda RE plant a game changer: Jefferies
Source: IANS
2024-07-29 12:23:13 pm
Adani Green Energy gains on reporting 95% rise in Q1 consolidated net profit Adani Green Energy is currently trading at Rs. 1836.45, up by 15.75 points or 0.87% from its previous closing of Rs. 1820.70 on the BSE. The scrip opened at Rs. 1870.05 and has touched a high and low of Rs. 1900.00 and Rs. 1820.05 respectively. So far 334429 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2173.65 on 03-Jun-2024 and a 52 week low of Rs. 816.00 on 26-Oct-2023. Last one week high and low of the sc...
Adani Green Energy gains on reporting 95% rise in Q1 consolidated net profit
Adani Green Energy gains on reporting 95% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-07-26 03:26:16 pm
India to spend up to $385 billion to meet renewable energy target, Moody's Ratings estimates  India will have to invest as much as $385 billion to meet its target of 500 gigawatts (GW) of renewable energy by 2030, but coal will remain a key source of electricity generation for the next decade, Moody's Ratings said on Thursday. India, a major greenhouse gas emitter, has said it aims to ramp up non-fossil fuel capacity set by 50 GW each year to help meet its 500 GW target. It missed its target of 175 GW by 2022. Moody's, however, estimates an annual capacity addition...
India to spend up to $385 billion to meet renewable energy target, Moody's Ratings estimates
India to spend up to $385 billion to meet renewable energy target, Moody's Ratings estimates
Source: Reuters
2024-06-06 01:53:55 pm
Adani stocks decline as NDA government not getting clear mandate Adani Ports and Special Economic Zone is currently trading at Rs. 1248.80, down by 336.20 points or 21.21% from its previous closing of Rs. 1585.00 on the BSE. Adani Enterprises is currently trading at Rs. 2931.70, down by 713.65 points or 19.58% from its previous closing of Rs. 3645.35 on the BSE. Adani Green Energy is currently trading at Rs. 1685.00, down by 352.65 points or 17.31% from its previous closing of Rs. 2037.65 on the BSE. Adani Power is currently trading at Rs. 730.00,...
Adani stocks decline as NDA government not getting clear mandate
Adani stocks decline as NDA government not getting clear mandate
Source: Accord Fintech
2024-06-04 02:44:30 pm
India`s Adani Group rallies on infrastructure bets as PM Narendra Modi seen retaining power Shares of three Adani Group companies hit record highs Monday amid a broad-based rally in the infrastructure-focussed Indian conglomerate after exit polls predicted a third straight term for Prime Minister Narendra Modi's government. The 10-company conglomerate, led by billionaire Gautam Adani, has invested billions of dollars in mining, ports, trading, electricity and gas among other sectors to benefit from the Modi government's emphasis on infrastructure development. On the da...
India`s Adani Group rallies on infrastructure bets as PM Narendra Modi seen retaining power
India`s Adani Group rallies on infrastructure bets as PM Narendra Modi seen retaining power
Source: Reuters
2024-06-03 04:14:28 pm
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth India Ratings and Research (Ind-Ra) on Thursday upgraded Adani Green Energy Limited’s (AGEL) long-term issuer rating to 'IND AA-’ from ‘IND A+’, saying the company’s outlook is stable.  Among the key rating drivers are AGEL being the largest renewable developer in India with sound operating parameters of operational assets and healthy free cash flow to equity, along with promoter infusion covering equity commitments. The upgrade factors in the cont...
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth
Source: IANS
2024-05-30 02:12:19 pm
Adani Ports to join Sensex from June 24 after BSE rejig Adani Ports and Special Economic Zone (SEZ) will be included in the S&P BSE Sensex from June 24.  The BSE benchmark will drop from the index on the same day. The Asia Index Pvt. Ltd. on Friday announced the reconstitution results for its indices, effective from June 24. The Adani Ports and Special Economic Zone stock was down 1.83 per cent on Friday at Rs 1,416.90 per share. An IIFL Alternative Research report said earlier this week that Adani Enterprises is expected to r...
Adani Ports to join Sensex from June 24 after BSE rejig
Adani Ports to join Sensex from June 24 after BSE rejig
Source: IANS
2024-05-25 09:06:56 am
Shares of Adani Group`s listed firms see sharp rally, Adani Enterprises surges 8 pc The Adani Group companies’ stocks saw great momentum on Thursday as the Indian indices went through a sharp rally, with the flagship Adani Enterprises jumping 8 per cent to emerge as the top gainer.  The surge in shares of Adani Enterprises (AEL) came amid reports of its likely inclusion in the 30-share BSE Sensex, replacing Wipro in the upcoming rejig of the benchmark index which can be announced on Friday. “We expect the inclusion of Adani Enterprises and exclusion of...
Shares of Adani Group`s listed firms see sharp rally, Adani Enterprises surges 8 pc
Shares of Adani Group`s listed firms see sharp rally, Adani Enterprises surges 8 pc
Source: IANS
2024-05-24 09:28:32 am
India's Adani Green says aware of US probe into third party, denies relationship India's Adani Green Energy said on Tuesday it is aware of a U.S. investigation into potential violations of anti-corruption laws by a "third party", but denied any relationship with the entity. Adani's comment comes days after Bloomberg News reported that U.S. investigators were probing whether an Adani entity or individuals linked to the company, including founder Gautam Adani, were involved in paying officials in India for favourable treatment on an energy project. I...
India's Adani Green says aware of US probe into third party, denies relationship
India's Adani Green says aware of US probe into third party, denies relationship
Source: Reuters
2024-03-19 04:38:41 pm
India`s Adani Green Energy gives initial guidance for 18-yr dollar bonds, bankers say  India's Adani Green Energy is planning to raise funds through U.S. dollar-denominated 18-year bonds, and has provided initial guidance of raising $409 million for a coupon of around 7.1250%, two bankers said on Monday. This will be the Adani group's first dollar-denominated bond issue after a report by U.S. short-seller Hindenburg Research in January 2023 led to a sell-off in stocks and overseas-listed bonds of Adani group companies. The rout forced the company to retreat ...
India`s Adani Green Energy gives initial guidance for 18-yr dollar bonds, bankers say
India`s Adani Green Energy gives initial guidance for 18-yr dollar bonds, bankers say
Source: Reuters
2024-03-04 09:28:16 am
Adani Group infusing Rs 9,350 crore into Adani Green Energy Adani Green Energy announced on Tuesday that the promoters of the company will infuse Rs 9,350 crore into it through preferential issuance of warrants at a price of Rs 1,480.75 per share. The funds will be used to deleverage the balance sheet and fund capital expenditure, the company said in a press statement. The warrants issued to promoters are subjected to the approval of the shareholders and the company has scheduled an extraordinary general meeting (EGM) on January 18 to take up th...
Adani Group infusing Rs 9,350 crore into Adani Green Energy
Adani Group infusing Rs 9,350 crore into Adani Green Energy
Source: IANS
2023-12-26 03:47:42 pm
Billionaire Gautam Adani, family to invest $1 billion in Adani Green - Bloomberg News  Indian billionaire Gautam Adani and family are planning to invest $1 billion in Adani Green Energy, Bloomberg News reported on Thursday. Adani Green is considering issuing preferential shares to the company's founders to meet expansion and refinancing requirements, the report said, citing sources familiar with the matter. Adani Group did not immediately respond to Reuters' request for comment. The company's board is set to consider fundraising proposals on Dec. 26, ...
Billionaire Gautam Adani, family to invest $1 billion in Adani Green - Bloomberg News
Billionaire Gautam Adani, family to invest $1 billion in Adani Green - Bloomberg News
Source: Reuters
2023-12-21 05:19:20 pm
Adani Green Energy gains as its arm incorporates three Wholly-owned subsidiaries Adani Green Energy is currently trading at Rs. 1459.05, up by 7.30 points or 0.50% from its previous closing of Rs. 1451.75 on the BSE. The scrip opened at Rs. 1393.00 and has touched a high and low of Rs. 1491.75 and Rs. 1392.95 respectively. So far 41883 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2185.30 on 18-Jan-2023 and a 52 week low of Rs. 439.35 on 28-Feb-2023. Last one week high and low of the scri...
Adani Green Energy gains as its arm incorporates three Wholly-owned subsidiaries
Adani Green Energy gains as its arm incorporates three Wholly-owned subsidiaries
Source: Accord Fintech
2023-12-21 10:24:47 am
Adani Green Energy gains as its arm incorporates two wholly-owned subsidiaries Adani Green Energy is currently trading at Rs. 1526.25, up by 16.85 points or 1.12% from its previous closing of Rs. 1509.40 on the BSE. The scrip opened at Rs. 1525.40 and has touched a high and low of Rs. 1540.00 and Rs. 1501.80 respectively. So far 146706 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2185.30 on 18-Jan-2023 and a 52 week low of Rs. 439.35 on 28-Feb-2023. Last one week high and low of the sc...
Adani Green Energy gains as its arm incorporates two wholly-owned subsidiaries
Adani Green Energy gains as its arm incorporates two wholly-owned subsidiaries
Source: Accord Fintech
2023-12-15 11:48:57 am
Adani Green Energy surges on entering into binding agreement to create new JV Adani Green Energy is currently trading at Rs. 1016.70, up by 4.20 points or 0.41% from its previous closing of Rs. 1012.50 on the BSE.The scrip opened at Rs. 1015.05 and has touched a high and low of Rs. 1024.75 and Rs. 1007.15 respectively. So far 176634 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2436.00 on 21-Sep-2022 and a 52 week low of Rs. 439.35 on 28-Feb-2023.Last one week high and low of the scrip stood at Rs. 1029...
Adani Green Energy surges on entering into binding agreement to create new JV
Adani Green Energy surges on entering into binding agreement to create new JV
Source: Accord Fintech
2023-09-21 03:56:26pm
France`s Total to invest $300 million to form JV with Adani Green  French oil major TotalEnergies will invest $300 million to form a 50:50 joint venture with Adani Green Energy, according to an exchange filing on Wednesday.
France`s Total to invest $300 million to form JV with Adani Green
France`s Total to invest $300 million to form JV with Adani Green
Source: Reuters
2023-09-20 02:20:56pm