Adani Green Energy

July 1 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• 156 MW RENEWABLE ENERGY PROJECTS AT KHAVDA COMMERCIALLY OPERATIONALIZED

• 185 MWH BESS PROJECTS AT KHAVDA COMMERCIALLY OPERATIONALIZED

Source text: ID:nBSEc4ZDGl

Further company coverage: ADNA.NS

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June 9 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ARDOUR INVESTMENT HOLDING SELLS 21.5 MILLION ADANI GREEN ENERGY SHARES AT 1510 RUPEESPER SHARE VIA BULK DEAL - NSE DATA

• ADANI INFRA (INDIA) BUYS 21.5 MILLION ADANI GREEN ENERGY SHARES AT 1510 RUPEESPER SHARE VIA BULK DEAL - NSE DATA

Further company coverage: ADNA.NS

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May 26 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY - AGEL PLANS TO ADD OVER 10 GWH OF BATTERY STORAGE CAPACITY IN FY27

Further company coverage: ADNA.NS

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May 20 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• FITCH -AFFIRMED ADANI GREEN ENERGY LIMITED RESTRICTED GROUP 1'S $409 MILLION SENIOR SECURED, FULLY AMORTISING NOTES DUE 2042 AT BBB-

Source text: [ID:]

Further company coverage: ADNA.NS

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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.

(Reporting by Surbhi Misra; Editing by Rashmi Aich)

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May 15 (Reuters) - Shares of India's Adani group companies rose between 0.5% and 3.5% on Friday, after media reports that the U.S. Justice Department was close to dropping criminal fraud charges against billionaire Gautam Adani.

Adani on Thursday also resolved a related civil fraud lawsuit brought by the U.S. Securities and Exchange Commission, over an alleged scheme to bribe Indian government officials, subject to court approval.

Shares of the group's flagship, Adani Enterprises ADEL.NS, rose as much as 3.2% in pre-open trade but came off to trade 1.6% higher at 2,756 rupees.

(Reporting by Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)

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April 24 (Reuters) - India's Adani Green Energy ADNA.NS reported an over 34% jump in its fourth-quarter profit on Friday, driven by higher power sales and increased capacity utilisation.

• The green energy arm of billionaire Gautam Adani's group posted a consolidated profit of 34.2 billion rupees ($362.8 million) for the quarter ended March 31, up from 3.83 billion rupees a year ago.

• India is aggressively expanding renewable energy to meet its climate goals, including a target of 500 gigawatts of non-fossil capacity by 2030.

• This has been benefitting Adani Green, which is seen as a bellwether for the sector.

• The company's revenue from power supply increased 16% to 30.94 billion rupees, while energy sales jumped 34%.

• Its mainstay power supply unit also posted a 20% climb in its earnings before interest, tax, depreciation, and amortization to 29.44 billion rupees with margins unchanged at 91%.

• Overall revenue climbed nearly 14% to 37.37 billion rupees.

• Adani Green's operational capacity rose 35% during the fiscal year.

($1 = 94.2787 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)

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April 9 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• AGEL UAE SIGNS JOINT VENTURE AGREEMENT WITH MINERVA ON APRIL 8, 2026

• AGEL UAE TO INVEST UP TO 20% INTEREST IN JVCO

Source text: ID:nBSE9Rs0rK

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April 8 (Reuters) - Adani Green Energy ADNA.NS on Wednesday said Gautam Adani and his nephew Sagar Adani plan to seek dismissal of a civil suit filed by the U.S. Securities and Exchange Commission in a New York court by April 30, citing lack of jurisdiction.

(Reporting by Nishit Navin; Editing by Sonia Cheema)

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NEW YORK, April 7 (Reuters) - Gautam Adani, one of India's richest people, will ask a judge to dismiss the U.S. Securities and Exchange Commission's civil fraud case against him, his lawyers said on Tuesday.

In a filing in the Brooklyn, New York federal court, Adani's lawyers said the SEC's claims were "impermissibly extraterritorial," and no statements challenged by the regulator were actionable. Adani and his nephew Sagar Adani, who is also a defendant, also disputed there was any credible evidence supporting the bribery scheme that the SEC alleged.

(Reporting by Jonathan Stempel in New York)

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April 6 (Reuters) - Diamond Power Infrastructure Ltd DIAC.NS:

• RECEIVES LETTER OF INTENT FROM ADANI GREEN ENERGY WORTH 195.7 MILLION RUPEES

Source text: ID:nBSE1t3BQb

Further company coverage: DIAC.NS

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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:]

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March 30 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY - VIA ITS UNITS COMMERCIALLY OPERATIONALIZED 951 MW POWER PROJECTS AT BAIYA, RAJASTHAN AND KHAVDA, GUJARAT

Source text: ID:nBSE55h82h

Further company coverage: ADNA.NS

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March 23 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY- THROUGH ITS VARIOUS UNITS OPERATIONALIZED ABOUT 510.1 MW POWER PROJECTS AT KHAVDA, GUJARAT

• ADANI GREEN ENERGY LTD - AGEL TOTAL OPERATIONAL RENEWABLE GENERATION CAPACITY INCREASES TO 17,982.3 MW

• ADANI GREEN ENERGY LTD - AGEL COMMENCES POWER GENERATION FROM NEW PLANTS ON MARCH 22, 2026

Source text: ID:nBSE92Xc49

Further company coverage: ADNA.NS

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Feb 25 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• INCORPORATED SUBSIDIARY ADANI RENEWABLE ENERGY MIDDLE EAST

Source text: ID:nBSE9xgBV2

Further company coverage: ADNA.NS

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Feb 17 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY LTD - RENEWABLE ENERGY INCORPORATES SKYSPIN ENERGY LIMITED

Source text: ID:nNSE10hHgZ

Further company coverage: ADNA.NS

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Feb 2 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY LTD - CLARIFIES ON REPORT ADANI GROUP PLANS TO RAISE $2 BILLION FROM JAPANESE MARKETS

• ADANI GREEN ENERGY - CO KEEPS ON EXPLORING AND EVALUATING VARIOUS FINANCING / RE-FINANCING AND FUNDRAISING OPPORTUNITIES

Source text: ID:nBSE9tK4JP

Further company coverage: ADNA.NS

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By Jonathan Stempel

NEW YORK, Jan 30 (Reuters) - The U.S. Securities and Exchange Commission has arranged to serve Gautam Adani with a civil fraud lawsuit, allowing the regulator's case against India's second-richest person to proceed.

In a Friday filing in the Brooklyn, New York federal court, the SEC and U.S.-based lawyers for Adani and his nephew Sagar Adani said the lawyers agreed to accept the SEC's legal papers, eliminating the need for U.S. District Judge Nicholas Garaufis to rule on how the defendants should be served.

If the judge approves the resolution, the Adanis will have 90 days to respond to the SEC's complaint, which could include requests for a dismissal.

Robert Giuffra, a lawyer for Gautam Adani, declined to comment. Sean Hecker, a lawyer for Sagar Adani, also declined to comment.

The SEC charged the Adanis in November 2024 with violating U.S. securities law by 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 are executives and directors.

Both defendants are in India, and the SEC had reported difficulty in serving them with legal papers.

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 for more than a year. The SEC's case had been stalled for most of that time.

Gautam Adani, 63, founded and chairs the conglomerate Adani Group. He is worth about $59 billion according to Forbes magazine.

(Reporting by Jonathan Stempel; Editing by Hugh Lawson)

Adds Adani group statements, paragraphs 11-12

By Urvi Dugar

Jan 23 (Reuters) - India's Adani group firms shed $12.5 billion in market cap on Friday, after a U.S. markets regulator asked a court for help in serving summonses upon founder Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme.

Reuters reported the procedural request from the U.S. Securities and Exchange Commission, in the regulator's civil case against the Adanis, on Thursday after the Indian markets closed.

On Friday, the group's flagship company, Adani Enterprises ADEL.NS, was the top percentage loser on India's benchmark Nifty 50 .NSEI. While the firm's shares fell 10.65% to 1,864.2 rupees, the Nifty declined 0.95% at close.

Group shares settled down between 3.4% and 14.54%.

U.S. authorities in November 2024 accused Adani group executives of being part of a scheme to pay bribes to Indian officials for buying electricity produced by Adani Green Energy ADNA.NS, a unit of the Adani group.

The SEC's civil case against Gautam Adani and his nephew Sagar Adani is separate from the U.S. Department of Justice's criminal indictment against the Adanis and several other defendants. The Justice Department case remains open, court records show.

U.S. law prohibits foreign companies that raise money from American investors from paying bribes overseas to secure business, and it also bars them from soliciting investment on the basis of false or misleading statements.

Serving a summons is often routine, but the SEC said India's government had refused two requests to have its summonses served on the Adanis.

The regulator asked a judge to instead let it serve the summonses on the Adanis' U.S.-based lawyers, and email copies to the Adanis.

U.S. civil procedural rules allow this method of service, the SEC said. "Given defendants’ actual knowledge of this litigation -- demonstrated by public statements, regulatory filings, and retention of U.S. counsel -- email service to their business addresses will provide effective notice," the SEC added.

Adani group has called the allegations "baseless" and said that it would seek "all possible legal recourse" to defend itself. In statements to Indian stock exchanges late on Friday, group firms referred to the same response from November 2024. Adani Green Energy ADNA.NS, Adani Ports APSE.NS, Adani Total Gas ADAG.NS and Adani Enterprises ADEL.NS added that the companies are not party to the proceedings and that no allegations or charges have been made against them.

"Market participants assumed there's nothing pending and that the group has been cleared, so the SEC filing seems (to have come) out of the blue," said Ambareesh Baliga, an independent market analyst.

With no clear timeline for the next steps, Baliga said he expects the issue could linger for at least another fortnight, noting that overall market sentiment was already weak.

(Reporting by Urvi Dugar and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala, Noeleen Walder and Daniel Wallis)

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Jan 16 (Reuters) - KPI Green Energy Ltd KPIG.NS:

• RECEIVES ORDERS FROM ADANI GREEN ENERGY

Source text: ID:nNSEbnpXsB

Further company coverage: KPIG.NSADNA.NS

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Jan 15 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• MOODY'S: AFFIRMED BAA3 SENIOR SECURED RATINGS OF ADANI TRANSMISSION STEP-ONE, ADANI ELECTRICITY MUMBAI

• MOODY'S: CHANGED OUTLOOK ON ALL RATINGS TO STABLE FROM NEGATIVE FOR ATSOL, AEML

Source text: ID:nMDY3dGyxq

Further company coverage: ADNA.NS

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Jan 12 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• 2,995 MW GREENFIELD CAPACITY ADDED IN 9M FY26

Source text: ID:nBSE4Z1q2P

Further company coverage: ADNA.NS

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Jan 7 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY LTD - EXECUTION OF POWER CONSUMPTION AGREEMENT AND INVESTMENT AGREEMENT BY UNIT

• ADANI GREEN ENERGY LTD - UNIT SIGNS AGREEMENT FOR SUPPLY OF 20.8 MW OF SOLAR-WIND HYBRID POWER TO ASAHI INDIA GLASS

Source text: ID:nBSE533HlT

Further company coverage: ADNA.NS

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Dec 31 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY LTD - OPERATIONALIZED AGGREGATE 307.4 MW POWER PROJECTS AT KHAVDA

• ADANI GREEN ENERGY - TO OPERATIONALIZE KHAVDA PLANTS, COMMENCE POWER GENERATION FROM JANUARY 01

Source text: ID:nBSE6z8p6L

Further company coverage: ADNA.NS

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Corrects to say target is to take total debt on book to 1 trillion rupees by 2030, and not raise 1 trillion rupees by 2030

Nov 28 (Reuters) - India's Adani Group targets to take total debt on book to 1 trillion rupees ($11.18 billion) by 2030, Chief Financial Officer Jugeshinder Singh told reporters on Friday.

($1 = 89.4520 Indian rupees)

(Reporting by Dhwani Pandya and Khushi Malhotra in Mumbai, writing by Hritam Mukherjee in Bengaluru)

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Corrects September 29 story to state TotalEnergies would focus its renewables holdings on three primary regions, not that it would divest all holdings outside those areas

PARIS, Sept 29 (Reuters) - TotalEnergies TTEF.PA plans to focus its renewable power holdings on the United States, Brazil and Europe, the company's gas, renewables and power president Stephane Michel said on Monday at Investor Day in New York.

Currently, roughly 25% of the French oil major's operational renewables portfolio comes from its joint ventures with Indian conglomerate Adani, as well as a direct stake in Adani Green Energy Limited.

Total CEO Patrick Pouyanne said that Adani Green Energy Limited was a good company that was growing, but that Total didn't plan to grow its green portfolio with Adani in future.

"I would be very happy to sell my stake in Adani Green," Pouyanne said, adding he had bought the stake for around $2 billion and it was now worth around $8 billion.

(Reporting by America Hernandez. Writing by Makini Brice. Editing by Mark Potter)

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Oct 10 (Reuters) - The U.S. Securities and Exchange Commission said that Indian authorities have not yet effected its requests to serve summons or complaints to Adani Group executives over alleged securities fraud and a $265-million bribery scheme, a court filing showed on Friday.

(Reporting by Kanjyik Ghosh in Barcelona; Editing by Louise Heavens)

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Adds company comment in paragraphs 6-7, detail in paragraphs 9-10

By Sarita Chaganti Singh and Sethuraman N R

NEW DELHI, Oct 1 (Reuters) - A deal by Adani Green Energy ADNA.NS to provide solar power that is already subject to a U.S. bribery investigation, faces a further challenge as its main buyer, the southern state of Andhra Pradesh, has asked for guarantees that transmission charges will be waived, three sources with knowledge of the matter said.

The transmission fee, which could increase the cost of the solar power by around 40%, is mandated by federal law, meaning waiving it would be problematic.

Since April, Adani, which is part of a conglomerate run by one of India's richest men, has sent many letters urging Andhra Pradesh to begin offtaking power under a 2021 deal, the three sources said.

The deal for 7,000 megawatts of solar power was signed between Andhra Pradesh, Adani Green and the Solar Energy Corporation of India, a government intermediary that is meant to ensure parties abide by their contractual obligations.

ADANI GREEN ENERGY SAYS IT ROUTINELY ENGAGES IN COMMUNICATION

In its latest letter, Adani said it was ready so far to supply 4,312 megawatts of solar power to the state, the sources added. They asked not to be named because they were not authorised to speak on the matter publicly.

A spokesperson for Adani Green Energy said the company's entities "routinely engage in communication as part of regular contractual provisions".

The company remains committed to commencing power supply as soon as the necessary infrastructure is made available, the spokesperson said in a statement to Reuters.

WAIVER DEMAND COULD BE A DEAL BREAKER?

Andhra Pradesh, which is ruled by a close ally of Prime Minister Narendra Modi, in its first response on September 2 told the Solar Energy Corporation of India that it would not begin offtaking until the intermediary guaranteed an unconditional waiver on inter-state transmission over the 25-year long contract, the three sources said.

They said Andhra Pradesh said in its letter the waiver was an incentive for awarding the contract in 2021 and was available to the project at the time.

The waiver was revoked two years later due to regulatory changes.

Without the waiver, the cost of solar power to the Indian state will rise to nearly 3.49 rupees per unit from 2.49 rupees, the sources said.

One of them said the deal was in question because the government's solar corporation was not empowered to guarantee or grant a transmission waiver.

The solar corporation and the state chief minister's office did not reply to emailed requests for comments on the letters whose details have not previously been reported.

US BRIBERY ALLEGATIONS

U.S. authorities in November last year accused Indian billionaire Gautam Adani, together with his nephew and other executives, of involvement in a $265 million bribery scheme to secure Indian power supply contracts in Andhra Pradesh. The Adani Group denies the allegations.

Adani also denied any wrongdoing in June, telling shareholders no individual from the group has been charged under the U.S. Foreign Corrupt Practices Act.

The allegations caused political outcry in the country as the opposition accused the Modi government of shielding Adani and his conglomerate, which spans ports, airports, coal mines and media.

India's opposition parties have called for an investigation into the Adani Group following the U.S. bribery allegations, but Indian regulators have yet to intervene.

In December, Reuters reported that the solar deal was approved by Andhra Pradesh against officials' advice.

($1 = 88.8000 Indian rupees)

(Reporting by Sarita Chaganti Singh; Sethuraman N R; editing by Barbara Lewis)

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to fix extra spacing in fifth paragraph.

By Shritama Bose

MUMBAI, Sept 19 (Reuters Breakingviews) - Gautam Adani is catching a moment of relief. India's securities regulator cleared the tycoon and units of his $152 billion infrastructure conglomerate of stock manipulation charges raised by a short seller in 2023. However, its fortunes won't improve much so long as U.S. charges hang over the group.

The Securities and Exchange Board of India on Thursday said the transactions involving Adani Enterprises ADEL.NS, Adani Ports APSE.NS and Adani Power ADAN.NS between 2018 and 2023 flagged by Nathan Anderson's now-disbanded firm Hindenburg Research did not violate the rules at the time on related party transactions.

The order closes the loop on a more than two-year-old saga marked by a $150 billion reduction in Adani group companies' market value and muddled by allegations of conflict of interest against former SEBI Chair Madhabi Puri Buch, who left her role in February.

The clean bill of health from the watchdog now led by Tuhin Kanta Pandey hardly changes the group's local standing. Indian mutual funds managing some $850 billion in assets were wary of what they see as the group's opacity and its rapid growth before Hindenburg struck, and remain so: Adani Enterprises stock is about 30% lower than at the start of 2023.

A more potent overhang is the U.S. Justice Department's indictment of the tycoon in a $265 million Indian bribery scheme. The Adani group denies any wrongdoing but the charges have complicated the conglomerate's fundraising prospects. Though BlackRock BLK.N subscribed to bonds an Adani unit issued in April to finance an acquisition, that borrowing came at an increased cost than its past deals.

Non-U.S. banks including Barclays BARC.L and DBS DBSM.SI lent $250 million to Adani's airport and ports units last month, Bloomberg reported citing unnamed people familiar with the transactions. But the U.S. issue stalled Adani's efforts to cut its dependence on Indian banks, which hold 47% of its 2.9 trillion rupees ($32.8 billion) debt. The group has returned to equity markets but only for carefully controlled issuances to institutional investors, not the public.

If anything, its stateside problems are widening. A subsidiary of Adani Enterprises has been named among 43 Indian exporters in a U.S. complaint over dumping of solar exports, a person familiar with the situation told Reuters Breakingviews. Similar investigations into Southeast Asian companies have attracted prohibitively high tariffs.

The resumption of trade talks this week between India and the U.S. may smooth the path for Adani to eventually draw a line under the Justice Department's probe, perhaps through a settlement. Until then, its other victories are superficial.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

The Securities and Exchange Board of India on September 18 dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made by U.S. short-seller Hindenburg Research.

The capital markets regulator began investigating the group's flagship Adani Enterprises and its ports and energy units in 2023 after Hindenburg accused them of using tax havens and failing to disclose transactions between related parties. SEBI officials said in the order that the transactions under review, which were carried out between 2018 and 2023, did not qualify as related party transactions under the rules at the time.

(Editing by Una Galani; Production by Aditya Srivastav)

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Sept 18 (Reuters) -

• ADANI: SEBI HAS REAFFIRMED WHAT WE HAVE ALWAYS MAINTAINED, THAT THE HINDENBURG CLAIMS WERE BASELESS - POST ON X

Source text: [https://tinyurl.com/bdde9hsn]

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