ADANI GROUP
Adani Power and Bhutan's state owned power corporaton to develop 770-megawatt hydropower project
Adani Power and Druk Green Power Corporation have signed an agreement to develop the 770-megawatt Chamkharchhu-I Hydroelectric Project. Construction is expected to begin in the first half of 2027 and commissioning will follow six years later. This project aims to enhance Bhutan’s energy security and provide surplus power to India during summer months. The partnership will operate under a 49:51 equity model and includes a 30-year concession.
Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan
Adani Power shares gained 2% after the company signed a pact with Bhutan’s Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The ₹project will be developed through a 49:51 partnership, with construction expected to begin in the first half of 2027. The project is part of a broader 5,000-MW hydropower development programme.
FLY91 begins flights from Navi Mumbai airport, adds four direct routes
FLY91 has begun operating from Navi Mumbai International Airport, offering direct flights to various destinations. The airline plans to operate over 350 weekly flights in its winter schedule. Multiple public transport options will connect passengers to and from the airport, enhancing accessibility. E-Shivai electric buses, taxi services, and autorickshaws will provide economical transport solutions. The airport is establishing infrastructure to support electric vehicles and improve mobility options in the region.
Adani airports stops handling Russian cargo, say agents
Adani Airports has suspended handling cargo related to Russian carriers at Mumbai airport due to sanctions compliance concerns. This decision has led to a dispute with representatives from Aeroflot and Volga Dnepr regarding previously arranged shipments. Currently, approximately 2.5 tonnes of cargo is lying in the airport warehouse while additional cargo seeks transportation. Delmos Aviation has requested intervention from the Ministry of Civil Aviation to resolve the matter.
Navi Mumbai International Airport rolls out multimodal connectivity ahead of winter schedule
Navi Mumbai International Airport is set to enhance its transport network with affordable options for passengers. Multiple services include buses, taxis, and airport shuttles, offering economical travel across regions. The Maharashtra State Road Transport Corporation will begin the e-Shivai bus operations on October 7 for passengers. Besides, ride-sharing services such as Bharat Taxi and Uber will be available starting October 10.
Adani to begin Mumbai Airport Terminal 1 demolition in January; 5 million passengers to be affected
Adani Group is set to start the redevelopment of Mumbai airport's Terminal 1 in January, affecting significant passenger traffic. The north section of Terminal 1B will be temporarily closed to address safety concerns and increase capacity. Operations can be shifted to Navi Mumbai International Airport, which offers discounts for new international flights. Redevelopment aims to raise capacity from 15 million to 20 million passengers annually.
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Adani Group committed to investment plans of over ₹6 lakh crore in Maharashtra across energy, airports and infra
Adani Group has announced plans to invest over ₹6 lakh crore in Maharashtra across multiple sectors. The investments are aimed at aiding Maharashtra's goal of becoming a $1 trillion economy by 2030. The group has committed to significant infrastructure projects, including the management of Mumbai's airports and renewable power sourcing. Additionally, the Dharavi Redevelopment Project will transform the area with modern housing and economic opportunities.
Adani Group has Rs 2.6 lakh crore projects completed or under execution in Maharashtra: Pranav Adani
Adani Group has projects worth Rs 2.6 lakh crore completed or underway in Maharashtra, with its overall investment blueprint exceeding Rs 6 lakh crore. Investments span energy, aviation, data centres, urban redevelopment and transmission, alongside major Mumbai infrastructure projects.
Adani Green Energy expands BESS capacity to 6.63 GWh; achieves 70% FY27 target
Adani Green Energy Ltd has increased its battery energy storage system to a total of 6.63 GWh. This capacity can power around two million homes daily, supporting cities like Nagpur and Patna. Achieving this milestone took just 14 months, marking significant progress towards their FY27 target. The company aims to reach 50 GWh of storage capacity over the next five years.
SC seeks response from West Bengal, others on TMC MP's plea alleging eviction from circuit house
The Supreme court directed the West Bengal governmnet and other to file responses to TMC MP Mahua Moitra's plea alleging that district administration officials in Nadia had evicted her from a circuit house even thought she was allotted a room at the state-owned property. The bench said that responses be filed within a week and the petitioner may file rejoinder within one week thereafter. The Krishnanagar MP had also threatened to move court over the alleged harassment.
Gautam Adani overtakes Mukesh Ambani on Forbes India's 100 Richest list 2026: Check top 10 richest Indians and full list
In 2026, Gautam Adani reclaimed his position as India's richest person with a net worth of $112.7 billion. Mukesh Ambani fell to second place with a net worth of $86.3 billion after significant losses. Savitri Jindal retained her position as the richest woman in India, with a fortune of $39.8 billion. Lakshmi Mittal experienced the most significant increase in wealth, jumping to fourth place.
Cabinet approves Rs 1.86 lakh crore electricity grid upgrade scheme
The Union Cabinet has approved a significant Rs 1.86 lakh crore scheme for upgrading the electricity grid. This initiative aims to evacuate 135 GW of renewable energy and establish 50 GWh of battery energy storage. New transmission lines will be awarded through Tariff-Based Competitive Bidding, ensuring efficient project delivery. Additionally, renewable energy developers will receive support for battery energy storage projects.
Power Mech Projects shares rise 4% after company secures Rs 549 crore order from Adani Group firm
Power Mech Projects shares gained after securing a Rs 549.37-crore O&M order from Moxie Power Generation for its 2x600 MW Tuticorin thermal power plant, with the contract spanning five years.
India Inc's legal bill swells as global ambitions grow
As Indian companies expand overseas, a more fractious global geopolitical environment is exposing them to a wider web of sanctions, trade restrictions, data rules and regulatory regimes, making legal advice an increasingly key part of managing cross-border risk.
Power Mech Projects bags Rs 549 cr O&M order from Adani Group entity
Power Mech Projects has secured an operation and maintenance project worth Rs 549.37 crore from Moxie Power Generation. This contract involves providing complete services at the 2x600 MW Tuticorin TPP. The duration of the contract is set for 60 months. The project will commence on October 1, marking a significant partnership in the energy sector.
Sebi clears Gautam, Vinod Adani of MPS norm violation
Sebi has exonerated Gautam Adani, Vinod Adani and other family members of allegations of violating minimum public shareholding norms in four group companies. However, it fined two overseas investors Rs 20 lakh each for failing to disclose complete information about their links to funds investing in Adani firms. Separately, four group companies and others settled a case by paying Rs 1.48 crore.
4 Adani group companies settle public shareholding violations case with Sebi. Check details
Adani Enterprises and three other companies have settled with Sebi over minimum public shareholding violations. The total settlement amount paid by the companies and directors is Rs 1.48 crore. Sebi initiated its investigation after receiving complaints in 2020 regarding non-compliance with public shareholding requirements. The proceedings were settled without admitting or denying the violations alleged in the show-cause notices. Sebi has concluded its enforcement action against the applicants post-settlement.
Sebi drops minimum public shareholding norms violation case against Vinod Adani and 4 Adani group companies
Sebi's investigation into Vinod Adani's control over offshore investments in Adani group companies has concluded. The regulator found insufficient evidence to support allegations of minimum public shareholding violations. Vinod Adani was not proven to have effective control over certain foreign portfolio investors. Relationships among parties involved did not demonstrate direct control or influence over investment decisions. Consequently, the case against Vinod Adani was closed due to lack of definitive evidence.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
After Hindenburg: 5 Adani group companies settle disclosure violation case with Sebi
Five Adani group firms settled Sebi adjudication proceedings over alleged disclosure and governance lapses flagged in the Hindenburg Report, paying ₹1.51 crore without admitting or denying violations.
Embraer says Mahindra will be its partner for IAF's 60 transport plane tender, to partner with Adani for commercial planes
Brazilian aerospace firm Embraer has partnered with Indian Mahindra Group for the Indian Air Force's transport aircraft programme. The partnership will involve offering Embraer's KC-390 jet as a solution to replace older aircraft. Embraer has highlighted the KC-390's superior performance compared to the C-130J offered by Tata-Lockheed Martin. The company plans to expand its supply chain and maintenance operations from India to support global requirements.
Centre notifies India’s first mega ports: Adani’s Mundra among four to get new status
The Centre has notified four ports: Deendayal (Kandla), Jawaharlal Nehru (Nhava Sheva), Paradip and Adani Group’s Mundra, as ‘mega ports’, introducing the nomenclature for the first time. The status, valid for five years, is based on cargo handling thresholds of 150 MMT annually for bulk ports or 7.5 million TEUs for container ports.
Adani group entities swap 86 lakh shares of Adani Enterprises in Rs 2,498 cr block deal
Recently, the Adani Group's promoter entities completed a significant exchange of 86 lakh shares of Adani Enterprises, worth Rs 2,498 crore via block deals. Adani Infra (India) Ltd and Adani Properties garnered noteworthy shares, while Infinite Trade and Investment Ltd divested an equivalent amount, cutting their ownership from 2.01 percent to 1.38 percent. Overall, the promoter shareholding in Adani Enterprises has shown a slight increase.
Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality
Gautam Adani spotlighted West Bengal's pivotal role in enhancing India's economic power, citing its strategic location and other key strengths. He unveiled ambitious plans for investments surpassing Rs 1 lakh crore across diverse sectors in the state over the next ten years.
Adani Group sets Rs 1 lakh crore Bengal investment target, unveils Rs 4,000 crore hospital
Gautam Adani announced plans to invest over Rs 4,000 crore in a healthcare facility in West Bengal. This investment will establish a 2,000-bed not-for-profit medical institution by 2035. Of these beds, 1,000 will be allocated for economically weaker sections under health insurance schemes. The overall plan aims for investment exceeding Rs 1 lakh crore in various sectors.
Court rejects Adani plea that duty-free shops are beyond domestic laws
An Indian court has ruled that nicotine pouches sold at duty-free shops are subject to domestic laws. The Adani Group challenged the legality of their items, arguing they are not drugs and are innovatively classified. Authorities maintained that selling such products poses a public health risk and violates drug laws. The court concluded that regulations apply to goods sold within Indian territory, including duty-free areas.
5 Adani group stocks in focus as firms settle Sebi proceedings linked to Hindenburg report
Five Adani Group companies have settled Sebi proceedings over alleged disclosure and corporate governance violations, paying a combined Rs 1.51 crore. The proceedings relate to findings arising from Sebi’s examination of issues highlighted in the Hindenburg Report.
Adani Group firms settle Sebi case on governance issues
The Adani Group has settled with Sebi, with companies like Adani Enterprises and Adani Green Energy collectively paying ₹1.5 crore over allegations concerning related party transaction disclosures and corporate governance practices. Notably, Adani Enterprises contributed ₹76.05 lakh to the settlement, responding to criticisms raised in the Hindenburg Report about the company's compliance with audit standards and peer reviews.
Stocks in news: Adani Group, OMCs, Persistent Systems and IRB Infra
The Indian stock market closed lower on Tuesday, with profit-taking affecting investor sentiment. Adani Group companies resolved their SEBI adjudication issues tied to potential infractions. Focus turned to oil marketing firms in light of a sharp fall in crude oil prices. Persistent Systems expanded its stake in Nagarro, eyeing a potential delisting, alongside numerous companies announcing expansion and corporate milestones.
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