All posts tagged: Adani Green Energy

Rahul Gandhi alleges PM Modi signed US trade deal to secure relief for Gautam Adani

Rahul Gandhi alleges PM Modi signed US trade deal to secure relief for Gautam Adani

Published by Webster

Congress leader Rahul Gandhi on Friday accused Prime Minister Narendra Modi of entering into a trade agreement with the United States to allegedly secure relief for businessman Gautam Adani in an ongoing legal case in the US. In a post shared on social media platform X, Gandhi claimed that the Prime Minister had not signed a trade deal in India’s national interest but had instead negotiated what he described as a bargain linked to Adani’s “release.” Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Green energy space gets crowded with IPOs: What should you look for before investing | Smart Stocks News

Green energy space gets crowded with IPOs: What should you look for before investing | Smart Stocks News

Published by Parlour News

Energy stocks regained momentum in 2023 as new policy initiatives drove investments in the sector. The Nifty Energy Index doubled between March 1, 2023 and September 27, 2024, with green energy stocks leading the rally. Several small and medium sized renewable energy companies capitalised on this bullish momentum and their strong revenue and earnings growth in FY24 to make their debut in the stock market. The driving force behind this surge is India’s ambitious target of achieving 500 GW of renewable energy capacity by 2030. So far, the country has crossed 217 GW, with 27.9 GW added in 2024 alone. While this growth is impressive, reaching the 500 GW milestone will require an annual capacity addition of 50 GW — a challenge the sector is ready to embrace. However, the Nifty Energy Index has dipped 30% from its September 2024 peak, making investors wonder if the green energy boom has hit a speed breaker. For this one needs to understand what factors are influencing the industry’s future growth prospects. Story continues below this ad Three …

Adani bribe-linked company in IPR tangle in US, could impact bn American investment plan | Business News

Adani bribe-linked company in IPR tangle in US, could impact $10 bn American investment plan | Business News

Published by Parlour News

Adani Green Energy, which is at the centre of alleged bribery charges involving funds raised from American investors, is also facing accusations of intellectual property rights (IPR) violations related to the sale of solar cells, modules, and panels in the US, according to a notice issued by the US International Trade Commission (USITC) on October 1. The USITC investigates unfair trade practices. The Commission had received a complaint against two Adani firms: Adani Solar USA Inc., based in Irving, Texas, and India-based Adani Green Energy Ltd., among others, for allegedly violating Section 337 of the US Tariff Act of 1930. This section enables the US to investigate whether imported goods infringe US intellectual property rights and, if so, to prohibit their entry into the country. The order comes at a time when India’s exports of solar products to the US are on the rise. This trend coincided with tariffs imposed by the Trump administration in 2018 on Chinese-made solar cells and panels, which created export opportunities for competitors, including India. Official US trade data shows …

Adani Green Founders to Invest Rs 9,350 Crore Via Share Warrants

Published by Webster

The funds will be utilized for deleveraging and accelerated growth spends. Billionaire Gautam Adani’s renewable energy unit got board approval to raise as much as Rs 93.5 billion ($1.12 billion) by issuing share warrants to its founders as the company charts ambitious growth plans and braces for bond repayments next year. Adani Green Energy Ltd.’s board approved the plan to issue 63.1 million warrants at Rs 1,480.75, according to an exchange filing Tuesday, confirming an earlier Bloomberg News report. The funds will be utilized for deleveraging and accelerated growth spends. The first-generation entrepreneur and his family plan to inject $1 billion into Adani Green via preferential shares while the company is planning to raise at least $2 billion in mostly new debt next year, Bloomberg News reported last week citing people familiar with the internal discussions. The fundraising plan shows Adani Group’s rising confidence in tapping funding sources locally and overseas. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) (Disclaimer: New Delhi Television …

Adani completes solar power purchase project of 8GW for SECI

Published by Webster

Bloomberg | | Posted by Singh Rahul Sunilkumar Adani Green Energy Ltd. has secured buyers for the entire 8 gigawatts of green power projects it won in a tender more than three years ago, reaching a milestone in its plan to expand generation capacity by more than five-fold by the end of the decade. Adani Green Energy logo(REUTERS) The green energy arm of billionaire Gautam Adani’s coal-to-airports conglomerate signed a 25-year contract with Solar Energy Corp. of India, or Seci, for the remaining 1.8 gigawatts, it said Monday. State-run Seci conducted the auction and is the intermediary between the project developer and buyers of electricity. Wrap up the year gone by & gear up for 2024 with HT! Click here The deal indicates a shift among state power retailers to sign long-term offtake contracts after a post-pandemic economic recovery, with extreme weather conditions further boosting electricity demand in the country. The utilities had earlier shunned long-term contracts amid sluggish demand, waiting for prices to drop in project auctions. Seci awarded the project to Adani in …

Adani Group To Invest $100 Billion In Green Energy Transition Over 10 Years

Published by Webster

The Adani Group will invest $100 billion in green energy transition over 10 years New Delhi: The Adani Group today released its half-yearly ESG compendium, showing significant progress in its decarbonisation pathway and its ambition to support the global net-zero journey. The group, which is at the forefront of India’s green energy transition, has set a target to become net-zero by 2050 or earlier for five of its portfolio companies – Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements – the conglomerate which is also India’s largest integrated infrastructure developer said in a statement today. ESG, or environmental, social and governance parameters is used to screen investments based on corporate policies and to encourage companies to act responsibly. The Adani Group will invest $100 billion in green energy transition over 10 years. The Adani portfolio businesses have active strategy to decarbonise, pledge to plant 100 million trees by 2030, and undertake innovative pilot projects, including development of hydrogen fuel cell electric truck, the company said in the statement. It …