Adani Energy Solut.
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Powerpulse Trading Solutions, a wholly owned subsidiary of Adani Energy Solutions, entered into a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company for the supply of 2,500 MW of renewable round-the-clock power. The agreement followed Adani Power’s assignment of all rights and obligations under an MSEDCL letter of award to Powerpulse; Adani Power had announced receipt of that award on April 2. The PPA was executed on September 8, with supply beginning on the scheduled commencement date specified in the agreement. AESL’s energy-solutions platform accounted for about 20% of Q1 FY27 revenue, compared with roughly 3% in FY25, while consolidated FY26 revenue was ₹28,325 crore.
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Powerpulse Trading Solutions, a wholly owned subsidiary of Adani Energy Solutions, entered into a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company for the supply of 2,500 MW of renewable round-the-clock power. The agreement followed Adani Power’s assignment of all rights and obligations under an MSEDCL letter of award to Powerpulse; Adani Power had announced receipt of that award on April 2. The PPA was executed on September 8, with supply beginning on the scheduled commencement date specified in the agreement. AESL’s energy-solutions platform accounted for about 20% of Q1 FY27 revenue, compared with roughly 3% in FY25, while consolidated FY26 revenue was ₹28,325 crore.
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Entities managed by GQG Partners sold 19,967,446 shares of Adani Energy Solutions through multiple open-market transactions between June 30, 2023 and August 31, 2026, reducing their combined holding from 5.09% to 3.46%. GQG Partners LLC, the investment manager, made the investment decision for the acquiring entities and persons acting in concert, which were not part of the promoter group. Adani Energy Solutions reported consolidated FY26 revenue of ₹28,325 crore, with regulated transmission and distribution as its cash-flow base. Its transmission order backlog stood at about ₹85,000 crore after an approximately ₹4,700 crore Satara project award.
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Entities managed by GQG Partners sold 19,967,446 shares of Adani Energy Solutions through multiple open-market transactions between June 30, 2023 and August 31, 2026, reducing their combined holding from 5.09% to 3.46%. GQG Partners LLC, the investment manager, made the investment decision for the acquiring entities and persons acting in concert, which were not part of the promoter group. Adani Energy Solutions reported consolidated FY26 revenue of ₹28,325 crore, with regulated transmission and distribution as its cash-flow base. Its transmission order backlog stood at about ₹85,000 crore after an approximately ₹4,700 crore Satara project award.
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Adani Energy Solutions won a ₹4,700 crore transmission project in Maharashtra to evacuate up to 4,500 MW of renewable and storage power. The 36-month project, awarded through tariff-based competitive bidding after AESL emerged as the lowest bidder, will add 562 ckm of lines and 9,000 MVA of transformation capacity. The award took its transmission orderbook to approximately ₹85,000 crore and its cumulative transmission network to 29,739 ckm. AESL had deployed ₹14,232 crore of capex in FY26 and guided to ₹21,000-22,000 crore for FY27.
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Adani Energy Solutions won a ₹4,700 crore transmission project in Maharashtra to evacuate up to 4,500 MW of renewable and storage power. The 36-month project, awarded through tariff-based competitive bidding after AESL emerged as the lowest bidder, will add 562 ckm of lines and 9,000 MVA of transformation capacity. The award took its transmission orderbook to approximately ₹85,000 crore and its cumulative transmission network to 29,739 ckm. AESL had deployed ₹14,232 crore of capex in FY26 and guided to ₹21,000-22,000 crore for FY27.
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Adds details and background
Aug 26 (Reuters) - India's Adani Energy Solutions ADAI.NS said on Wednesday it has won a 47-billion-rupee ($492.6 million) transmission project in Maharashtra bolstering the conglomerate's push to expand clean-energy infrastructure.
The project will transmit up to 4,500 MW of renewable and storage power, and be delivered within 36 months, the company said.
It will add 562 circuit kilometres of transmission lines and 9,000 MVA of transformation capacity to the company's portfolio.
India is racing to build the transmission network needed to meet its target of 500 GW of non-fossil fuel power capacity by 2030 and connect growing pumped-storage capacity to the grid.
The project will transmit renewable energy generated in Karnataka to load centres in Maharashtra, and will also support pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region, the company said in an exchange filing.
The project includes a new substation in Satara, a transmission line connecting Kolhapur and Satara, and upgrades to the Kolhapur pooling station.
($1 = 95.4125 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman and Nivedita Bhattacharjee)
(([email protected]; +91 8697274436;))
Adds details and background
Aug 26 (Reuters) - India's Adani Energy Solutions ADAI.NS said on Wednesday it has won a 47-billion-rupee ($492.6 million) transmission project in Maharashtra bolstering the conglomerate's push to expand clean-energy infrastructure.
The project will transmit up to 4,500 MW of renewable and storage power, and be delivered within 36 months, the company said.
It will add 562 circuit kilometres of transmission lines and 9,000 MVA of transformation capacity to the company's portfolio.
India is racing to build the transmission network needed to meet its target of 500 GW of non-fossil fuel power capacity by 2030 and connect growing pumped-storage capacity to the grid.
The project will transmit renewable energy generated in Karnataka to load centres in Maharashtra, and will also support pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region, the company said in an exchange filing.
The project includes a new substation in Satara, a transmission line connecting Kolhapur and Satara, and upgrades to the Kolhapur pooling station.
($1 = 95.4125 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman and Nivedita Bhattacharjee)
(([email protected]; +91 8697274436;))
Aug 14 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - EXECUTED SHARE PURCHASE AGREEMENT FOR ACQUIRING 100% EQUITY SHARES OF VIZAG POWER TRANSMISSION
Source text: [ID:]
Further company coverage: ADAI.NS
(([email protected];;))
Aug 14 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - EXECUTED SHARE PURCHASE AGREEMENT FOR ACQUIRING 100% EQUITY SHARES OF VIZAG POWER TRANSMISSION
Source text: [ID:]
Further company coverage: ADAI.NS
(([email protected];;))
Aug 13 (Reuters) - MSCI Inc MSCI.N:
FIFTY-FIVE SECURITIES WILL BE ADDED TO AND 92 SECURITIES WILL BE DELETED FROM THE MSCI ACWI INDEX
THERE WILL BE SIX ADDITIONS TO AND FIVE DELETIONS FROM THE MSCI FRONTIER MARKETS INDEX
THERE WILL BE 137 ADDITIONS TO AND 73 DELETIONS FROM THE MSCI WORLD ALL CAP INDEX
GOTO GOJEK TOKOPEDIA TO BE DELETED FROM MSCI INDONESIA INDEX
ADANI ENERGY SOLUTIONS TO BE ADDED TO MSCI INDIA INDEX
LENSKART SOLUTIONS TO BE ADDED TO MSCI INDIA INDEX
Further company coverage: MSCI.N
(([email protected];))
Aug 13 (Reuters) - MSCI Inc MSCI.N:
FIFTY-FIVE SECURITIES WILL BE ADDED TO AND 92 SECURITIES WILL BE DELETED FROM THE MSCI ACWI INDEX
THERE WILL BE SIX ADDITIONS TO AND FIVE DELETIONS FROM THE MSCI FRONTIER MARKETS INDEX
THERE WILL BE 137 ADDITIONS TO AND 73 DELETIONS FROM THE MSCI WORLD ALL CAP INDEX
GOTO GOJEK TOKOPEDIA TO BE DELETED FROM MSCI INDONESIA INDEX
ADANI ENERGY SOLUTIONS TO BE ADDED TO MSCI INDIA INDEX
LENSKART SOLUTIONS TO BE ADDED TO MSCI INDIA INDEX
Further company coverage: MSCI.N
(([email protected];))
By Dharamraj Dhutia and Vivek Kumar M
MUMBAI, July 31 (Reuters) - India's Adani Energy Solutions ADAI.NS may launch another share sale for institutional investors by early next fiscal year, after securing 35 billion rupees (about $367 million) in a similar fundraise this week, two sources familiar with the matter said on Thursday.
Companies belonging to billionaire Gautam Adani's ports-to-power conglomerate have raised about $4.75 billion over the last eight months through QIPs and rights issues to fund expansion and reduce debt.
The group's flagship, Adani Enterprises ADEL.NS, raised $1.58 billion via a QIP earlier this month and $2.8 billion through a rights issue. Another group company, Adani Power ADAN.NS, plans to raise up to $1.57 billion through a QIP.
This marks the biggest capital raise from the group since a short seller's allegations roiled its shares in 2023.
Adani Energy Solutions has shareholder approval to raise up to 100 billion rupees through shares in one or more tranches.
If market conditions remain favourable, the company may go for the entire remaining quantum in the next tranche, the sources said.
"After such a strong response, the company may tap the QIP market again towards the end of this financial year or early next FY," one of the sources said.
India's fiscal year runs April through March.
The sources requested anonymity as they are not authorised to speak to media. Adani Energy Solutions did not reply to a Reuters email seeking comment.
Mutual funds and insurance companies were the biggest buyers of Adani Energy Solutions' shares in this week's fundraise, according to a company statement, with the firm receiving offers totalling three times its target.
Shares of the firm, which is the largest private sector power transmission company in India, have jumped more than 60% so far in 2026.
($1 = 95.3800 Indian rupees)
(Reporting by Vivek Kumar M and Dharamraj Dhutia)
(([email protected];))
By Dharamraj Dhutia and Vivek Kumar M
MUMBAI, July 31 (Reuters) - India's Adani Energy Solutions ADAI.NS may launch another share sale for institutional investors by early next fiscal year, after securing 35 billion rupees (about $367 million) in a similar fundraise this week, two sources familiar with the matter said on Thursday.
Companies belonging to billionaire Gautam Adani's ports-to-power conglomerate have raised about $4.75 billion over the last eight months through QIPs and rights issues to fund expansion and reduce debt.
The group's flagship, Adani Enterprises ADEL.NS, raised $1.58 billion via a QIP earlier this month and $2.8 billion through a rights issue. Another group company, Adani Power ADAN.NS, plans to raise up to $1.57 billion through a QIP.
This marks the biggest capital raise from the group since a short seller's allegations roiled its shares in 2023.
Adani Energy Solutions has shareholder approval to raise up to 100 billion rupees through shares in one or more tranches.
If market conditions remain favourable, the company may go for the entire remaining quantum in the next tranche, the sources said.
"After such a strong response, the company may tap the QIP market again towards the end of this financial year or early next FY," one of the sources said.
India's fiscal year runs April through March.
The sources requested anonymity as they are not authorised to speak to media. Adani Energy Solutions did not reply to a Reuters email seeking comment.
Mutual funds and insurance companies were the biggest buyers of Adani Energy Solutions' shares in this week's fundraise, according to a company statement, with the firm receiving offers totalling three times its target.
Shares of the firm, which is the largest private sector power transmission company in India, have jumped more than 60% so far in 2026.
($1 = 95.3800 Indian rupees)
(Reporting by Vivek Kumar M and Dharamraj Dhutia)
(([email protected];))
Adani Energy Solutions has won a ₹8,500 crore interstate transmission project in Andhra Pradesh, the company said on Thursday. The project, awarded through tariff-based competitive bidding, will supply power to proposed green hydrogen and green ammonia projects in the Vizag area, catering to about 4,500 MW of demand. It will also serve expected load growth from data centre and digital infrastructure investments in the Pendurthi-Vizag region. AESL will build a 4×1500 MVA, 765/400 kV GIS substation at Pendurthi and a 3×1500 MVA, 765/400 kV Khammam-II substation, adding 1,582 circuit kilometres of transmission lines and 10,500 MVA of transformation capacity. With this, the company's transmission order book now exceeds ₹80,000 crore. The project is to be delivered in 30 months.
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Adani Energy Solutions has won a ₹8,500 crore interstate transmission project in Andhra Pradesh, the company said on Thursday. The project, awarded through tariff-based competitive bidding, will supply power to proposed green hydrogen and green ammonia projects in the Vizag area, catering to about 4,500 MW of demand. It will also serve expected load growth from data centre and digital infrastructure investments in the Pendurthi-Vizag region. AESL will build a 4×1500 MVA, 765/400 kV GIS substation at Pendurthi and a 3×1500 MVA, 765/400 kV Khammam-II substation, adding 1,582 circuit kilometres of transmission lines and 10,500 MVA of transformation capacity. With this, the company's transmission order book now exceeds ₹80,000 crore. The project is to be delivered in 30 months.
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July 24 (Reuters) - Adani Energy Solutions ADAI.NS on Friday said it had won an 85 billion-rupee ($880.83 million) interstate transmission project in India's Andhra Pradesh state to supply power to planned green hydrogen and ammonia projects.
($1 = 96.5000 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
July 24 (Reuters) - Adani Energy Solutions ADAI.NS on Friday said it had won an 85 billion-rupee ($880.83 million) interstate transmission project in India's Andhra Pradesh state to supply power to planned green hydrogen and ammonia projects.
($1 = 96.5000 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
Adani Energy Solutions said on Monday it has signed a binding agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited for a total consideration of ₹3,050 crore. The acquisition, disclosed alongside its June-quarter results, will make the company India's largest smart metering platform with over 4.7 crore meters. IntelliSmart is a joint venture between the National Investment and Infrastructure Fund and Energy Efficiency Services Limited. The deal is subject to regulatory and other customary approvals. The company's consolidated revenue for the three months to June rose 43% year-on-year to ₹9,711 crore, while net profit more than doubled to ₹1,236 crore.
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Adani Energy Solutions said on Monday it has signed a binding agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited for a total consideration of ₹3,050 crore. The acquisition, disclosed alongside its June-quarter results, will make the company India's largest smart metering platform with over 4.7 crore meters. IntelliSmart is a joint venture between the National Investment and Infrastructure Fund and Energy Efficiency Services Limited. The deal is subject to regulatory and other customary approvals. The company's consolidated revenue for the three months to June rose 43% year-on-year to ₹9,711 crore, while net profit more than doubled to ₹1,236 crore.
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BENGALURU, July 21 (Reuters) - Diary of India economic, corporate events on July 21
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
21-Jul-2026 | NTS | AVAS.NS | Aavas Financiers Ltd | Q1 2027 Aavas Financiers Ltd Earnings Release |
21-Jul-2026 | NTS | ADAI.NS | Adani Energy Solutions Ltd | Q1 2027 Adani Energy Solutions Ltd Earnings Release |
21-Jul-2026 | NTS | ADAG.NS | Adani Total Gas Ltd | Q1 2027 Adani Total Gas Ltd Earnings Release |
21-Jul-2026 | NTS | ADIE.NS | Aditya Birla Sun Life AMC Ltd | Q1 2027 Aditya Birla Sun Life AMC Ltd Earnings Release |
21-Jul-2026 | NTS | ANTH.NS | Anthem Biosciences Ltd | Q1 2027 Anthem Biosciences Ltd Earnings Release |
21-Jul-2026 | NTS | BAJA.NS | Bajaj Auto Ltd | Q1 2027 Bajaj Auto Ltd Earnings Release |
21-Jul-2026 | NTS | BAJA.NS | Bajaj Auto Ltd | Bajaj Auto Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | BANH.NS | Bandhan Bank Ltd | Q1 2027 Bandhan Bank Ltd Earnings Release |
21-Jul-2026 | NTS | CRSL.NS | CRISIL Ltd | Q2 2026 CRISIL Ltd Earnings Release |
21-Jul-2026 | NTS | GABR.NS | Gabriel India Ltd | Q1 2027 Gabriel India Ltd Earnings Release |
21-Jul-2026 | NTS | GRAN.NS | Granules India Ltd | Q1 2027 Granules India Ltd Earnings Release |
21-Jul-2026 | 11:00 | IDBI.NS | IDBI Bank Ltd | IDBI Bank Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | INMR.NS | Indiamart Intermesh Ltd | Q1 2027 Indiamart Intermesh Ltd Earnings Release |
21-Jul-2026 | NTS | IHTL.NS | Indian Hotels Company Ltd | Q1 2027 Indian Hotels Company Ltd Earnings Release |
21-Jul-2026 | NTS | JSWN.NS | JSW Infrastructure Ltd | Q1 2027 JSW Infrastructure Ltd Earnings Release |
21-Jul-2026 | NTS | MMFS.NS | Mahindra and Mahindra Financial Services Ltd | Q1 2027 Mahindra and Mahindra Financial Services Ltd Earnings Release |
21-Jul-2026 | 15:30 | MMFS.NS | Mahindra and Mahindra Financial Services Ltd | Mahindra and Mahindra Financial Services Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | MEDP.NS | MedPlus Health Services Ltd | Q1 2027 MedPlus Health Services Ltd Earnings Release |
21-Jul-2026 | NTS | SAGL.NS | Sagility Ltd | Q1 2027 Sagility Ltd Earnings Release |
21-Jul-2026 | 17:00 | SAPI.NS | Sapphire Foods India Ltd | Sapphire Foods India Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | TRIE.NS | Trident Ltd | Q1 2027 Trident Ltd Earnings Release |
21-Jul-2026 | NTS | TVSH.NS | TVS Holdings Ltd | Q1 2027 TVS Holdings Ltd Earnings Release |
21-Jul-2026 | NTS | TVSM.NS | TVS Motor Company Ltd | Q1 2027 TVS Motor Company Ltd Earnings Release |
21-Jul-2026 | 14:30 | UTIA.NS | UTI Asset Management Company Ltd | UTI Asset Management Company Ltd Annual Shareholders Meeting |
NTS - 'No time scheduled'
(Compiled by Bengaluru Newsroom)
BENGALURU, July 21 (Reuters) - Diary of India economic, corporate events on July 21
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
21-Jul-2026 | NTS | AVAS.NS | Aavas Financiers Ltd | Q1 2027 Aavas Financiers Ltd Earnings Release |
21-Jul-2026 | NTS | ADAI.NS | Adani Energy Solutions Ltd | Q1 2027 Adani Energy Solutions Ltd Earnings Release |
21-Jul-2026 | NTS | ADAG.NS | Adani Total Gas Ltd | Q1 2027 Adani Total Gas Ltd Earnings Release |
21-Jul-2026 | NTS | ADIE.NS | Aditya Birla Sun Life AMC Ltd | Q1 2027 Aditya Birla Sun Life AMC Ltd Earnings Release |
21-Jul-2026 | NTS | ANTH.NS | Anthem Biosciences Ltd | Q1 2027 Anthem Biosciences Ltd Earnings Release |
21-Jul-2026 | NTS | BAJA.NS | Bajaj Auto Ltd | Q1 2027 Bajaj Auto Ltd Earnings Release |
21-Jul-2026 | NTS | BAJA.NS | Bajaj Auto Ltd | Bajaj Auto Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | BANH.NS | Bandhan Bank Ltd | Q1 2027 Bandhan Bank Ltd Earnings Release |
21-Jul-2026 | NTS | CRSL.NS | CRISIL Ltd | Q2 2026 CRISIL Ltd Earnings Release |
21-Jul-2026 | NTS | GABR.NS | Gabriel India Ltd | Q1 2027 Gabriel India Ltd Earnings Release |
21-Jul-2026 | NTS | GRAN.NS | Granules India Ltd | Q1 2027 Granules India Ltd Earnings Release |
21-Jul-2026 | 11:00 | IDBI.NS | IDBI Bank Ltd | IDBI Bank Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | INMR.NS | Indiamart Intermesh Ltd | Q1 2027 Indiamart Intermesh Ltd Earnings Release |
21-Jul-2026 | NTS | IHTL.NS | Indian Hotels Company Ltd | Q1 2027 Indian Hotels Company Ltd Earnings Release |
21-Jul-2026 | NTS | JSWN.NS | JSW Infrastructure Ltd | Q1 2027 JSW Infrastructure Ltd Earnings Release |
21-Jul-2026 | NTS | MMFS.NS | Mahindra and Mahindra Financial Services Ltd | Q1 2027 Mahindra and Mahindra Financial Services Ltd Earnings Release |
21-Jul-2026 | 15:30 | MMFS.NS | Mahindra and Mahindra Financial Services Ltd | Mahindra and Mahindra Financial Services Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | MEDP.NS | MedPlus Health Services Ltd | Q1 2027 MedPlus Health Services Ltd Earnings Release |
21-Jul-2026 | NTS | SAGL.NS | Sagility Ltd | Q1 2027 Sagility Ltd Earnings Release |
21-Jul-2026 | 17:00 | SAPI.NS | Sapphire Foods India Ltd | Sapphire Foods India Ltd Annual Shareholders Meeting |
21-Jul-2026 | NTS | TRIE.NS | Trident Ltd | Q1 2027 Trident Ltd Earnings Release |
21-Jul-2026 | NTS | TVSH.NS | TVS Holdings Ltd | Q1 2027 TVS Holdings Ltd Earnings Release |
21-Jul-2026 | NTS | TVSM.NS | TVS Motor Company Ltd | Q1 2027 TVS Motor Company Ltd Earnings Release |
21-Jul-2026 | 14:30 | UTIA.NS | UTI Asset Management Company Ltd | UTI Asset Management Company Ltd Annual Shareholders Meeting |
NTS - 'No time scheduled'
(Compiled by Bengaluru Newsroom)
NEW YORK, July 17 (Reuters) - The top federal prosecutor in Brooklyn said he had no basis to dispute the U.S. Department of Justice's decision to abandon its prosecution of Indian billionaire Gautam Adani, but stopped short of saying whether he agreed with dismissing the fraud and bribery case.
In a letter on Friday to the judge overseeing the case, U.S. Attorney Joseph Nocella Jr. said he was "not the decisionmaker" behind dropping the case, and had no basis to believe the reasons advanced by his supervisor Trent McCotter, a top Justice Department official, were not the "real grounds" for a dismissal.
U.S. District Judge Nicholas Garaufis had asked Nocella to explain whether he agreed or disagreed with McCotter's reasons for dropping the Adani case, and whether there were other bases for doing so.
Nocella's office did not immediately respond to a request for comment.
(Reporting by Jonathan Stempel in New York; Editing by Sanjeev Miglani and Cynthia Osterman)
(([email protected] ; +1 646 223 6317; Reuters Messaging: [email protected] /))
NEW YORK, July 17 (Reuters) - The top federal prosecutor in Brooklyn said he had no basis to dispute the U.S. Department of Justice's decision to abandon its prosecution of Indian billionaire Gautam Adani, but stopped short of saying whether he agreed with dismissing the fraud and bribery case.
In a letter on Friday to the judge overseeing the case, U.S. Attorney Joseph Nocella Jr. said he was "not the decisionmaker" behind dropping the case, and had no basis to believe the reasons advanced by his supervisor Trent McCotter, a top Justice Department official, were not the "real grounds" for a dismissal.
U.S. District Judge Nicholas Garaufis had asked Nocella to explain whether he agreed or disagreed with McCotter's reasons for dropping the Adani case, and whether there were other bases for doing so.
Nocella's office did not immediately respond to a request for comment.
(Reporting by Jonathan Stempel in New York; Editing by Sanjeev Miglani and Cynthia Osterman)
(([email protected] ; +1 646 223 6317; Reuters Messaging: [email protected] /))
Adani Energy Solutions' board approved raising up to ₹10,000 crore through a qualified institutions placement or other permissible securities, according to a regulatory filing on July 1. The fundraising, which requires shareholder approval at an extraordinary general meeting scheduled for July 25, will be executed in one or more tranches. The filing marks a significant capital-raising move for the large-cap energy infrastructure company.
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Adani Energy Solutions' board approved raising up to ₹10,000 crore through a qualified institutions placement or other permissible securities, according to a regulatory filing on July 1. The fundraising, which requires shareholder approval at an extraordinary general meeting scheduled for July 25, will be executed in one or more tranches. The filing marks a significant capital-raising move for the large-cap energy infrastructure company.
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July 1 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - APPROVES FUNDRAISING UP TO 100 BILLION RUPEES VIA EQUITY OR ELIGIBLE SECURITIES
ADANI ENERGY SOLUTIONS - FUNDRAISING TO BE VIA QIP OR OTHER PERMISSIBLE MODES IN ONE OR MORE TRANCHES
Source text: ID:nBSE5szSdx
Further company coverage: ADAI.NS
(([email protected];))
July 1 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - APPROVES FUNDRAISING UP TO 100 BILLION RUPEES VIA EQUITY OR ELIGIBLE SECURITIES
ADANI ENERGY SOLUTIONS - FUNDRAISING TO BE VIA QIP OR OTHER PERMISSIBLE MODES IN ONE OR MORE TRANCHES
Source text: ID:nBSE5szSdx
Further company coverage: ADAI.NS
(([email protected];))
Adani Energy Solutions acquired Intellismart Infrastructure, a smart metering company, for ₹3,050 crores in an all-cash deal signed on June 9th. The transaction, which gives Adani full ownership of Intellismart, adds 4.7 crore smart meters to its portfolio and deepens its presence in the advanced metering infrastructure segment. Intellismart, backed by the National Investment and Infrastructure Fund and Energy Efficiency Services, posted revenues of ₹621 crores in its latest fiscal year. The acquisition is subject to anti-trust clearance from the Competition Commission of India, with completion expected within six months. The deal marks a further consolidation in India's smart metering push.
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Adani Energy Solutions acquired Intellismart Infrastructure, a smart metering company, for ₹3,050 crores in an all-cash deal signed on June 9th. The transaction, which gives Adani full ownership of Intellismart, adds 4.7 crore smart meters to its portfolio and deepens its presence in the advanced metering infrastructure segment. Intellismart, backed by the National Investment and Infrastructure Fund and Energy Efficiency Services, posted revenues of ₹621 crores in its latest fiscal year. The acquisition is subject to anti-trust clearance from the Competition Commission of India, with completion expected within six months. The deal marks a further consolidation in India's smart metering push.
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June 9 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - SIGNS AGREEMENT TO BUY 100% OF INTELLISMART
ADANI ENERGY SOLUTIONS LTD - COST OF THE TRANSACTION IS INR 30.50 BILLION RUPEES
Source text: ID:nBSEGcrVH
Further company coverage: ADAI.NS
(([email protected];))
June 9 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - SIGNS AGREEMENT TO BUY 100% OF INTELLISMART
ADANI ENERGY SOLUTIONS LTD - COST OF THE TRANSACTION IS INR 30.50 BILLION RUPEES
Source text: ID:nBSEGcrVH
Further company coverage: ADAI.NS
(([email protected];))
June 5 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
GQG PARTNERS EMERGING MARKETS EQUITY FUND SELLS 6.4 MILLION SHARES IN ADANI ENERGY SOLUTIONS VIA BLOCK DEAL - NSE DATA
Further company coverage: ADAI.NS
(([email protected];))
June 5 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
GQG PARTNERS EMERGING MARKETS EQUITY FUND SELLS 6.4 MILLION SHARES IN ADANI ENERGY SOLUTIONS VIA BLOCK DEAL - NSE DATA
Further company coverage: ADAI.NS
(([email protected];))
May 30 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - KUNJAL MEHTA RESIGNS AS CFO EFFECTIVE MAY 30, 2026
ADANI ENERGY SOLUTIONS - APPOINTS ASHOK JAGETIYA AS CFO EFFECTIVE MAY 31, 2026
Source text: ID:nNSELHCWW
Further company coverage: ADAI.NS
(([email protected];))
May 30 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS - KUNJAL MEHTA RESIGNS AS CFO EFFECTIVE MAY 30, 2026
ADANI ENERGY SOLUTIONS - APPOINTS ASHOK JAGETIYA AS CFO EFFECTIVE MAY 31, 2026
Source text: ID:nNSELHCWW
Further company coverage: ADAI.NS
(([email protected];))
Updates levels, adds background throughout, adds analyst comments in paragraph 7, adds graphic
By Surbhi Misra
May 19 (Reuters) - Shares of Adani Group companies jumped as much as 5.3% on Tuesday, after the Trump administration moved to dismiss criminal fraud charges against billionaire Gautam Adani, easing a key legal overhang on the ports-to-power conglomerate.
The U.S. Justice Department on Monday moved to drop charges accusing Adani and associates of paying bribes to secure power supply contracts in India, while Adani Enterprises separately settled allegations tied to liquefied petroleum gas imports from Iran.
Shares of the group's flagship, Adani Enterprises ADEL.NS, rose as much as 2.71% and were last up 1.75% at 2736.70 rupees by 1:45 p.m. IST.
Adani Group stocks have been volatile since short seller Hindenburg Research's 2023 report alleging stock manipulation and improper use of offshore tax havens, with several companies recovering sharply from initial losses before coming under renewed pressure amid broader market weakness and legal scrutiny.
In November, U.S. prosecutors accused Gautam Adani and associates of agreeing to pay $265 million in bribes to Indian officials to secure approvals for solar power projects and misleading U.S. investors about the group's anti-corruption practices.
Adani Group has repeatedly denied wrongdoing.
Separately, the U.S. Treasury Department on Monday said Adani Enterprises had agreed to pay $275 million to resolve alleged sanctions violations tied to liquefied petroleum gas imports from Iran.
"The removal of the legal overhang is a positive and could support debt refinancing and fundraising for new projects," said Deven Choksey, managing director at DRChoksey FinServ, adding that the development could also pave the way for restructuring initiatives across the conglomerate.
Shares of Adani Green Energy ADNA.NS, which was linked to the U.S. bribery allegations, were last up 1.77%, after rising as much as 5.26% during the day.
As of 1:45 p.m. IST, Adani Ports APSE.NS inched down 0.12%, while Adani Energy Solutions ADAI.NS gained 0.67%.
The U.S. Securities and Exchange Commission separately settled a civil lawsuit against Adani over an alleged scheme to bribe Indian government officials, court records showed last week.
Most Adani stocks yet to recover from Hindenburg losses https://reut.rs/4nzifvv
(Reporting by Surbhi Misra; Editing by Rashmi Aich)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Updates levels, adds background throughout, adds analyst comments in paragraph 7, adds graphic
By Surbhi Misra
May 19 (Reuters) - Shares of Adani Group companies jumped as much as 5.3% on Tuesday, after the Trump administration moved to dismiss criminal fraud charges against billionaire Gautam Adani, easing a key legal overhang on the ports-to-power conglomerate.
The U.S. Justice Department on Monday moved to drop charges accusing Adani and associates of paying bribes to secure power supply contracts in India, while Adani Enterprises separately settled allegations tied to liquefied petroleum gas imports from Iran.
Shares of the group's flagship, Adani Enterprises ADEL.NS, rose as much as 2.71% and were last up 1.75% at 2736.70 rupees by 1:45 p.m. IST.
Adani Group stocks have been volatile since short seller Hindenburg Research's 2023 report alleging stock manipulation and improper use of offshore tax havens, with several companies recovering sharply from initial losses before coming under renewed pressure amid broader market weakness and legal scrutiny.
In November, U.S. prosecutors accused Gautam Adani and associates of agreeing to pay $265 million in bribes to Indian officials to secure approvals for solar power projects and misleading U.S. investors about the group's anti-corruption practices.
Adani Group has repeatedly denied wrongdoing.
Separately, the U.S. Treasury Department on Monday said Adani Enterprises had agreed to pay $275 million to resolve alleged sanctions violations tied to liquefied petroleum gas imports from Iran.
"The removal of the legal overhang is a positive and could support debt refinancing and fundraising for new projects," said Deven Choksey, managing director at DRChoksey FinServ, adding that the development could also pave the way for restructuring initiatives across the conglomerate.
Shares of Adani Green Energy ADNA.NS, which was linked to the U.S. bribery allegations, were last up 1.77%, after rising as much as 5.26% during the day.
As of 1:45 p.m. IST, Adani Ports APSE.NS inched down 0.12%, while Adani Energy Solutions ADAI.NS gained 0.67%.
The U.S. Securities and Exchange Commission separately settled a civil lawsuit against Adani over an alleged scheme to bribe Indian government officials, court records showed last week.
Most Adani stocks yet to recover from Hindenburg losses https://reut.rs/4nzifvv
(Reporting by Surbhi Misra; Editing by Rashmi Aich)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Una Galani
HONG KONG, May 15 (Reuters Breakingviews) - If U.S. authorities end actions against Gautam Adani, outsized regulatory concerns around the Indian tycoon's $150 billion eponymous energy and infrastructure empire will ease. Political ones will remain, but the battle-hardened group is in a better position to ride out whatever crisis comes next. If nothing else, that's a win for India.
A flurry of developments suggests the billionaire will soon draw a line under his problems stateside. On Thursday, court filings showed he agreed to settle a case with the Securities and Exchange Commission alleging he made false or misleading statements in connection with a $750 million Adani Green ADNA.NS bond offering. And the Justice Department, per source-based reporting by multiple news outlets, looks set to drop fraud charges in a parallel criminal case over an alleged scheme to pay over $250 million in bribes to Indian government officials so his company could win approval to develop India's largest solar power plant.
It all comes at a cost. Besides the total fines that could amount to $300 million, per Reuters reporting citing unnamed sources, Adani is on the hook to invest $10 billion in the U.S. economy, equivalent to as much as two-thirds of the group's promised annual capital expenditure over the next five years. His lawyer, Robert Giuffra, also a personal attorney of U.S. President Donald Trump, told the Justice Department the group couldn't make the pledged investment while the case was proceeding.
The Adani empire's worth has also taken a battering: the market value of the flagship airports-to-datacentre incubator, Adani Enterprises ADEL.NS, is 73% of what it was in early 2023 before it was targeted by short-seller Hindenburg Research, prior to the U.S. issues arising. Adani Total Gas ADAG.NS, Adani Green and Adani Energy Solutions ADAI.NS are also worth less. Yet if the U.S. actions do end, the Indian conglomerate will emerge stronger from the successive crises.
The tycoon's companies now trade on less outrageously eye-watering valuations. India's securities regulator has effectively cleared Adani of the stock manipulation charges levelled by Hindenburg. Adani has unwound pledged shares. Such concerns held back institutional investors from investing in the group. Drawing a line under the U.S. accusations means Adani's empire could now welcome more high-quality shareholders onto its registers; it would also loosen a fundraising straitjacket worn by the group over the past three years. Adani company shares were not very big movers at the open on Friday as the settlements were expected. Yet once they are fully in hand, the group will find it easier and cheaper to raise capital and refinance its $29 billion of net debt.
The group will have to live with the perceived political risk stemming from its rapid rise under Prime Minister Narendra Modi's government. Investors are less jittery about the success of Mukesh Ambani's Reliance Industries RELI.NS and the Tata group because those other too-big-to-fail Indian conglomerates have thrived over many more decades and political transitions. Whenever that test arises, though, the toughened-up Adani group will be better placed to face it.
Follow Una Galani on Linkedin and X.
CONTEXT NEWS
Gautam Adani and his nephew Sagar agreed to pay a total of $18 million to settle U.S. Securities and Exchange Commission allegations that they made false or misleading statements in offering materials in connection with a $750 million Adani Green bond offering, court filings dated May 14 showed.
The Justice Department is also moving to drop fraud charges against Adani in a parallel criminal case, Bloomberg reported earlier on the same day.
The proposed SEC settlement, in which neither defendant admits to or denies the allegations, requires the approval of a district court. The original SEC complaint was filed in November 2024.
Adani's lawyer, Robert Giuffra, who is also a personal attorney of U.S. President Donald Trump, told Justice Department officials in a presentation last month that the group could not make a pledged $10 billion investment in the U.S. economy while the case was proceeding, Reuters reported citing an unnamed source.
In November 2024, federal prosecutors charged Adani and six other executives over an alleged scheme to pay over $250 million in bribes to Indian government officials so his company could win approval to develop India's largest solar power plant.
Separately, the Adani group is in talks to pay potentially $265 million to settle an investigation by the U.S. Treasury’s Office of Foreign Assets Control involving shipping Iranian gas, the New York Times reported, citing people briefed on the matter.
Key Adani companies have not fully recovered from successive blows https://www.reuters.com/graphics/BRV-BRV/gdpzagolmvw/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on GALANI/ [email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Una Galani
HONG KONG, May 15 (Reuters Breakingviews) - If U.S. authorities end actions against Gautam Adani, outsized regulatory concerns around the Indian tycoon's $150 billion eponymous energy and infrastructure empire will ease. Political ones will remain, but the battle-hardened group is in a better position to ride out whatever crisis comes next. If nothing else, that's a win for India.
A flurry of developments suggests the billionaire will soon draw a line under his problems stateside. On Thursday, court filings showed he agreed to settle a case with the Securities and Exchange Commission alleging he made false or misleading statements in connection with a $750 million Adani Green ADNA.NS bond offering. And the Justice Department, per source-based reporting by multiple news outlets, looks set to drop fraud charges in a parallel criminal case over an alleged scheme to pay over $250 million in bribes to Indian government officials so his company could win approval to develop India's largest solar power plant.
It all comes at a cost. Besides the total fines that could amount to $300 million, per Reuters reporting citing unnamed sources, Adani is on the hook to invest $10 billion in the U.S. economy, equivalent to as much as two-thirds of the group's promised annual capital expenditure over the next five years. His lawyer, Robert Giuffra, also a personal attorney of U.S. President Donald Trump, told the Justice Department the group couldn't make the pledged investment while the case was proceeding.
The Adani empire's worth has also taken a battering: the market value of the flagship airports-to-datacentre incubator, Adani Enterprises ADEL.NS, is 73% of what it was in early 2023 before it was targeted by short-seller Hindenburg Research, prior to the U.S. issues arising. Adani Total Gas ADAG.NS, Adani Green and Adani Energy Solutions ADAI.NS are also worth less. Yet if the U.S. actions do end, the Indian conglomerate will emerge stronger from the successive crises.
The tycoon's companies now trade on less outrageously eye-watering valuations. India's securities regulator has effectively cleared Adani of the stock manipulation charges levelled by Hindenburg. Adani has unwound pledged shares. Such concerns held back institutional investors from investing in the group. Drawing a line under the U.S. accusations means Adani's empire could now welcome more high-quality shareholders onto its registers; it would also loosen a fundraising straitjacket worn by the group over the past three years. Adani company shares were not very big movers at the open on Friday as the settlements were expected. Yet once they are fully in hand, the group will find it easier and cheaper to raise capital and refinance its $29 billion of net debt.
The group will have to live with the perceived political risk stemming from its rapid rise under Prime Minister Narendra Modi's government. Investors are less jittery about the success of Mukesh Ambani's Reliance Industries RELI.NS and the Tata group because those other too-big-to-fail Indian conglomerates have thrived over many more decades and political transitions. Whenever that test arises, though, the toughened-up Adani group will be better placed to face it.
Follow Una Galani on Linkedin and X.
CONTEXT NEWS
Gautam Adani and his nephew Sagar agreed to pay a total of $18 million to settle U.S. Securities and Exchange Commission allegations that they made false or misleading statements in offering materials in connection with a $750 million Adani Green bond offering, court filings dated May 14 showed.
The Justice Department is also moving to drop fraud charges against Adani in a parallel criminal case, Bloomberg reported earlier on the same day.
The proposed SEC settlement, in which neither defendant admits to or denies the allegations, requires the approval of a district court. The original SEC complaint was filed in November 2024.
Adani's lawyer, Robert Giuffra, who is also a personal attorney of U.S. President Donald Trump, told Justice Department officials in a presentation last month that the group could not make a pledged $10 billion investment in the U.S. economy while the case was proceeding, Reuters reported citing an unnamed source.
In November 2024, federal prosecutors charged Adani and six other executives over an alleged scheme to pay over $250 million in bribes to Indian government officials so his company could win approval to develop India's largest solar power plant.
Separately, the Adani group is in talks to pay potentially $265 million to settle an investigation by the U.S. Treasury’s Office of Foreign Assets Control involving shipping Iranian gas, the New York Times reported, citing people briefed on the matter.
Key Adani companies have not fully recovered from successive blows https://www.reuters.com/graphics/BRV-BRV/gdpzagolmvw/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on GALANI/ [email protected]))
By Bharath Rajeswaran
May 13 (Reuters) - Global index provider MSCI added four Indian stocks and removed four from its widely tracked Global Standard Index in its latest periodic review, announced earlier on Wednesday, with the changes set to take effect on May 29, 2026.
Federal Bank FED.NS, Multi Commodity Exchange of India MCEI.NS, National Aluminium NALU.NS and Indian Bank INBA.NS will enter the index, while Hyundai Motor India HYUN.NS, Jubilant Foodworks JUBI.NS, Kalyan Jewellers KALN.NS and Rail Vikas Nigam RAIV.NS will be excluded.
India's weight in the MSCI Global Standard Index remains broadly steady at 12.3%, compared with 12.4% after the February review, while the number of Indian constituents is unchanged at 165.
Adani Energy Solutions ADAI.NS, initially seen as a provisional addition, has been left out after being placed under the NSE's additional surveillance mechanism framework, a watchlist for unusual trading activity that makes the stock ineligible for inclusion.
MSCI indexes are key global benchmarks tracked by large passive funds, making index changes a significant driver of stock-specific flows.
Inclusions typically attract fresh passive capital, while deletions often trigger outflows as funds rebalance portfolios.
Nuvama Quantitative and Alternative Research expects passive inflows of $491 million into Federal Bank, $373 million into MCX, $308 million into National Aluminium and $209 million into Indian Bank.
On the other side, Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers and Rail Vikas Nigam are projected to see outflows of $281 million, $161 million, $137 million and $136 million, respectively.
Adani Power ADAN.NS, BPCL BPCL.NS, FSN E-Commerce FSNE.NS, Trent TREN.NS and Oracle Financial Services ORCL.NS are also expected to draw inflows due to higher weightages, while weights for HUL HLL.NS, Bajaj Finance BJFN.NS, TCS TCS.NS, ONGC ONGC.NS and Ultratech Cement ULTC.NS, among others, were trimmed.
While the Global Standard Index saw balanced additions and deletions, MSCI's small-cap index had heavier exclusions, reducing India's small-cap count to 459 from 474.
MSCI adds four Indian stocks, removes four from its Global Standard Index https://reut.rs/4u7NU9Z
Weightages of five Indian stocks raised in MSCI Global Standard Index https://reut.rs/3Pj88yc
Fourteen Indian stocks have been added to MSCI Small Cap Index https://reut.rs/3Pp9lUG
Major deletions of Indian stocks from MSCI Small Cap Index https://reut.rs/49MCFvl
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
May 13 (Reuters) - Global index provider MSCI added four Indian stocks and removed four from its widely tracked Global Standard Index in its latest periodic review, announced earlier on Wednesday, with the changes set to take effect on May 29, 2026.
Federal Bank FED.NS, Multi Commodity Exchange of India MCEI.NS, National Aluminium NALU.NS and Indian Bank INBA.NS will enter the index, while Hyundai Motor India HYUN.NS, Jubilant Foodworks JUBI.NS, Kalyan Jewellers KALN.NS and Rail Vikas Nigam RAIV.NS will be excluded.
India's weight in the MSCI Global Standard Index remains broadly steady at 12.3%, compared with 12.4% after the February review, while the number of Indian constituents is unchanged at 165.
Adani Energy Solutions ADAI.NS, initially seen as a provisional addition, has been left out after being placed under the NSE's additional surveillance mechanism framework, a watchlist for unusual trading activity that makes the stock ineligible for inclusion.
MSCI indexes are key global benchmarks tracked by large passive funds, making index changes a significant driver of stock-specific flows.
Inclusions typically attract fresh passive capital, while deletions often trigger outflows as funds rebalance portfolios.
Nuvama Quantitative and Alternative Research expects passive inflows of $491 million into Federal Bank, $373 million into MCX, $308 million into National Aluminium and $209 million into Indian Bank.
On the other side, Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers and Rail Vikas Nigam are projected to see outflows of $281 million, $161 million, $137 million and $136 million, respectively.
Adani Power ADAN.NS, BPCL BPCL.NS, FSN E-Commerce FSNE.NS, Trent TREN.NS and Oracle Financial Services ORCL.NS are also expected to draw inflows due to higher weightages, while weights for HUL HLL.NS, Bajaj Finance BJFN.NS, TCS TCS.NS, ONGC ONGC.NS and Ultratech Cement ULTC.NS, among others, were trimmed.
While the Global Standard Index saw balanced additions and deletions, MSCI's small-cap index had heavier exclusions, reducing India's small-cap count to 459 from 474.
MSCI adds four Indian stocks, removes four from its Global Standard Index https://reut.rs/4u7NU9Z
Weightages of five Indian stocks raised in MSCI Global Standard Index https://reut.rs/3Pj88yc
Fourteen Indian stocks have been added to MSCI Small Cap Index https://reut.rs/3Pp9lUG
Major deletions of Indian stocks from MSCI Small Cap Index https://reut.rs/49MCFvl
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
May 12 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
MSCI: ADANI ENERGY SOLUTIONS WILL NOT BE ADDED TO THE MSCI INDEXES AS PART OF THE MAY 2026 INDEX REVIEW
MSCI: WILL NOT IMPLEMENT ANY ADDITIONS TO IMI FOR SECURITIES THAT ENTER INDIA SHORT TERM AND LONG TERM ADDITIONAL SURVEILLANCE MEASURE
Source https://tinyurl.com/3u87bwfz
(([email protected];))
May 12 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
MSCI: ADANI ENERGY SOLUTIONS WILL NOT BE ADDED TO THE MSCI INDEXES AS PART OF THE MAY 2026 INDEX REVIEW
MSCI: WILL NOT IMPLEMENT ANY ADDITIONS TO IMI FOR SECURITIES THAT ENTER INDIA SHORT TERM AND LONG TERM ADDITIONAL SURVEILLANCE MEASURE
Source https://tinyurl.com/3u87bwfz
(([email protected];))
April 23 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS Q4 CONSOL NET PROFIT 6.84 BILLION RUPEES
ADANI ENERGY SOLUTIONS Q4 CONSOL REVENUE FROM OPERATIONS 74.43 BILLION RUPEES
Source text: ID:nBSE6ysnc0
Further company coverage: ADAI.NS
(([email protected];))
April 23 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS Q4 CONSOL NET PROFIT 6.84 BILLION RUPEES
ADANI ENERGY SOLUTIONS Q4 CONSOL REVENUE FROM OPERATIONS 74.43 BILLION RUPEES
Source text: ID:nBSE6ysnc0
Further company coverage: ADAI.NS
(([email protected];))
-- Source link: https://tinyurl.com/tkxycp3a
-- Note: Reuters has not verified this story and does not vouch for its accuracy
-- Source link: https://tinyurl.com/tkxycp3a
-- Note: Reuters has not verified this story and does not vouch for its accuracy
SEC say Gautam Adani, Sagar Adani concealed bribery scheme in bond documents
Adanis dispute bribery accusations, deny involvement in bond offering
Related US criminal case dormant since late 2024
SEC had no immediate comment
Adds details from filing, related criminal case, background, paragraphs 4-11
By Jonathan Stempel
NEW YORK, April 7 (Reuters) - Gautam Adani, India's second richest person, will ask a U.S. judge to dismiss the Securities and Exchange Commission's civil fraud case stemming from an alleged bribery scheme, his lawyers said on Tuesday.
Adani and his nephew Sagar Adani were charged by the SEC in November 2024 with orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy ADNA.NS, where both men are executives and directors.
The securities fraud case is tied to Adani Green's alleged failure to disclose the scheme in documents for a $750 million bond offering in 2021.
In a filing in the Brooklyn, New York federal court, the Adanis' lawyers said their clients disputed there was any credible evidence supporting the alleged bribery scheme.
The lawyers said the Adanis' lack of involvement in the offering, and the absence of any intent to defraud or negligence, supported a dismissal.
They also called the SEC claims "impermissibly extraterritorial," reflecting how the Adanis and all alleged misconduct were in India, and the bonds were never traded on a U.S. exchange.
The SEC had no immediate comment. Lawyers for the Adanis said they will formally seek a dismissal by April 30.
U.S. prosecutors filed a related criminal case in November 2024 against the Adanis and several other defendants. There have been no public developments in that case since December 2024. A spokesman for the U.S. Attorney's office in Brooklyn declined to comment.
Gautam Adani, 63, founded and chairs the conglomerate Adani Group, and is chairman of Adani Green.
He is worth about $60.6 billion, ranking 30th worldwide according to Forbes magazine.
Mukesh Ambani, chairman of the conglomerate Reliance Industries RELI.NS, is India's richest person, worth about $91.4 billion and ranking 20th worldwide, Forbes said.
(Reporting by Jonathan Stempel in New York
Editing by Tomasz Janowski and Bill Berkrot)
(([email protected] ; +1 646 223 6317; Reuters Messaging: [email protected] /))
SEC say Gautam Adani, Sagar Adani concealed bribery scheme in bond documents
Adanis dispute bribery accusations, deny involvement in bond offering
Related US criminal case dormant since late 2024
SEC had no immediate comment
Adds details from filing, related criminal case, background, paragraphs 4-11
By Jonathan Stempel
NEW YORK, April 7 (Reuters) - Gautam Adani, India's second richest person, will ask a U.S. judge to dismiss the Securities and Exchange Commission's civil fraud case stemming from an alleged bribery scheme, his lawyers said on Tuesday.
Adani and his nephew Sagar Adani were charged by the SEC in November 2024 with orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy ADNA.NS, where both men are executives and directors.
The securities fraud case is tied to Adani Green's alleged failure to disclose the scheme in documents for a $750 million bond offering in 2021.
In a filing in the Brooklyn, New York federal court, the Adanis' lawyers said their clients disputed there was any credible evidence supporting the alleged bribery scheme.
The lawyers said the Adanis' lack of involvement in the offering, and the absence of any intent to defraud or negligence, supported a dismissal.
They also called the SEC claims "impermissibly extraterritorial," reflecting how the Adanis and all alleged misconduct were in India, and the bonds were never traded on a U.S. exchange.
The SEC had no immediate comment. Lawyers for the Adanis said they will formally seek a dismissal by April 30.
U.S. prosecutors filed a related criminal case in November 2024 against the Adanis and several other defendants. There have been no public developments in that case since December 2024. A spokesman for the U.S. Attorney's office in Brooklyn declined to comment.
Gautam Adani, 63, founded and chairs the conglomerate Adani Group, and is chairman of Adani Green.
He is worth about $60.6 billion, ranking 30th worldwide according to Forbes magazine.
Mukesh Ambani, chairman of the conglomerate Reliance Industries RELI.NS, is India's richest person, worth about $91.4 billion and ranking 20th worldwide, Forbes said.
(Reporting by Jonathan Stempel in New York
Editing by Tomasz Janowski and Bill Berkrot)
(([email protected] ; +1 646 223 6317; Reuters Messaging: [email protected] /))
April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:
AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT
Source text: [ID:]
Further company coverage: ABUJ.NS
(([email protected];))
April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:
AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT
Source text: [ID:]
Further company coverage: ABUJ.NS
(([email protected];))
March 31 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS LTD - SIGNS SPA WITH PFC CONSULTING FOR ACQUIRING SOUTH KALAMB POWER TRANSMISSION
Source text: ID:nNSE84Vgsx
Further company coverage: ADAI.NS
(([email protected];))
March 31 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS LTD - SIGNS SPA WITH PFC CONSULTING FOR ACQUIRING SOUTH KALAMB POWER TRANSMISSION
Source text: ID:nNSE84Vgsx
Further company coverage: ADAI.NS
(([email protected];))
By Aditi Shah
NEW DELHI, March 20 (Reuters) - Tesla TSLA.O is preparing to enter India's industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power.
The new business will also mark Tesla's expansion in India beyond just electric cars, which it started selling in August.
The company already operates a Megapack business in the U.S. and other markets, supplying large-scale energy storage systems for industrial and utility users.
Tesla's new plan was revealed in a job ad on its website, which said it is looking to hire a business development lead in India to "develop and execute a comprehensive market expansion strategy for industrial energy storage solutions".
The candidate will shape its entry into India for "utility-scale energy storage", it added, without elaborating.
Reuters is first to report Tesla's plan. The company did not respond to a request for comment.
Ambani's Reliance RS.N and Adani's group ADEL.NS also have ambitious plans for India's energy storage sector.
India has set a target to reach 500 gigawatts (GW) of non-fossil fuel energy capacity by 2030 from more than 262 GW at the end of 2025. It needs devices that can store energy during off-peak hours, stabilise the grid and reduce carbon emissions.
The government is encouraging companies to invest in storage systems by providing fiscal incentives and is also working on a national roadmap to enable firms to meet the targets.
(Reporting by Aditi Shah, editing by Aditya Kalra and Louise Heavens)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
By Aditi Shah
NEW DELHI, March 20 (Reuters) - Tesla TSLA.O is preparing to enter India's industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power.
The new business will also mark Tesla's expansion in India beyond just electric cars, which it started selling in August.
The company already operates a Megapack business in the U.S. and other markets, supplying large-scale energy storage systems for industrial and utility users.
Tesla's new plan was revealed in a job ad on its website, which said it is looking to hire a business development lead in India to "develop and execute a comprehensive market expansion strategy for industrial energy storage solutions".
The candidate will shape its entry into India for "utility-scale energy storage", it added, without elaborating.
Reuters is first to report Tesla's plan. The company did not respond to a request for comment.
Ambani's Reliance RS.N and Adani's group ADEL.NS also have ambitious plans for India's energy storage sector.
India has set a target to reach 500 gigawatts (GW) of non-fossil fuel energy capacity by 2030 from more than 262 GW at the end of 2025. It needs devices that can store energy during off-peak hours, stabilise the grid and reduce carbon emissions.
The government is encouraging companies to invest in storage systems by providing fiscal incentives and is also working on a national roadmap to enable firms to meet the targets.
(Reporting by Aditi Shah, editing by Aditya Kalra and Louise Heavens)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
March 12 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS LTD - UNIT TO ISSUE $500 MILLION SENIOR SECURED NOTES DUE 2041 TO REFINANCE EXISTING NOTES
Source text: ID:nNSE8220TP
Further company coverage: ADAI.NS
(([email protected];))
March 12 (Reuters) - Adani Energy Solutions Ltd ADAI.NS:
ADANI ENERGY SOLUTIONS LTD - UNIT TO ISSUE $500 MILLION SENIOR SECURED NOTES DUE 2041 TO REFINANCE EXISTING NOTES
Source text: ID:nNSE8220TP
Further company coverage: ADAI.NS
(([email protected];))
Apollo said Apollo-managed funds and affiliates purchased USD 500 million of investment-grade senior secured private placement notes from ATSOL Global IFSC, a subsidiary of Adani Energy Solutions. The financing is intended primarily to refinance bonds maturing in late 2026. Apollo said the notes are backed by ATSOL’s regulated power transmission assets in Western and Northern India.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apollo Global Management Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603111000PRIMZONEFULLFEED9670072) on March 11, 2026, and is solely responsible for the information contained therein.
Apollo said Apollo-managed funds and affiliates purchased USD 500 million of investment-grade senior secured private placement notes from ATSOL Global IFSC, a subsidiary of Adani Energy Solutions. The financing is intended primarily to refinance bonds maturing in late 2026. Apollo said the notes are backed by ATSOL’s regulated power transmission assets in Western and Northern India.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apollo Global Management Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603111000PRIMZONEFULLFEED9670072) on March 11, 2026, and is solely responsible for the information contained therein.
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What does Adani Energy Solut. do?
Adani Energy Solutions (AESL) is India’s largest integrated energy player with a pole position in the transmission and distribution business focussed on delivering reliable, affordable, and sustainable energy solutions. Its integrated portfolio is spanned across power transmission, distribution, smart metering, and energy solutions catering to various facets of the energy domain. The principal business of the Company and its subsidiaries (together referred to as the Group) includes: power transmission business, distribution of power, smart metering business, cooling solutions and other business activities.
Who are the competitors of Adani Energy Solut.?
Adani Energy Solut. major competitors are Tata Power, Power Grid Corpn., CESC, INDIGRID Infra Trust, Reliance Infrast.. Market Cap of Adani Energy Solut. is ₹1,68,003 Crs. While the median market cap of its peers are ₹19,274 Crs.
Is Adani Energy Solut. financially stable compared to its competitors?
Adani Energy Solut. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Adani Energy Solut. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Adani Energy Solut. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Adani Energy Solut. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Adani Energy Solut. balance sheet?
Balance sheet of Adani Energy Solut. is moderately strong.
Is the profitablity of Adani Energy Solut. improving?
Yes, profit is increasing. The profit of Adani Energy Solut. is ₹3,090 Crs for TTM, ₹2,283 Crs for Mar 2026 and ₹1,060 Crs for Mar 2025.
Is the debt of Adani Energy Solut. increasing or decreasing?
Yes, The net debt of Adani Energy Solut. is increasing. Latest net debt of Adani Energy Solut. is ₹43,428 Crs as of Mar-26. This is greater than Mar-25 when it was ₹32,978 Crs.
Is Adani Energy Solut. stock expensive?
Adani Energy Solut. is not expensive. Latest PE of Adani Energy Solut. is 57.55, while 3 year average PE is 173. Also latest EV/EBITDA of Adani Energy Solut. is 23.37 while 3yr average is 33.09.
Has the share price of Adani Energy Solut. grown faster than its competition?
Adani Energy Solut. has given better returns compared to its competitors. Adani Energy Solut. has grown at ~30.27% over the last 9yrs while peers have grown at a median rate of 6.8%
Is the promoter bullish about Adani Energy Solut.?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 74.71% and last quarter promoter holding is 72.73%.
Are mutual funds buying/selling Adani Energy Solut.?
The mutual fund holding of Adani Energy Solut. is increasing. The current mutual fund holding in Adani Energy Solut. is 8.08% while previous quarter holding is 6.59%.