Adani Green Energy Limited (ADANIGREEN.NS)

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934.20

-21.10

(-2.21%)

As of 12:34:04 PM GMT+5:30. Market Open.

Adani Energy secures $324.3m transmission project in Gujarat, India

The project will involve upgrades to the Navinal electrical substation, including the installation of two large 765/400kV transformers.

Power Technology 10 days ago

ADANIGREEN.NS
-2.21%
US legal troubles for tycoon Adani expose shortcomings in India's booming solar sector

President Donald Trump's decision to freeze a law banning business bribes overseas could offer Indian tycoon Gautam Adani, one of Asia's richest people, a reprieve from American corruption allegations linked to a major solar project in India. U.S. prosecutors allege that one of Adani's companies duped investors by hiding that its project was backed by a $265 million bribery scheme. Whatever its fate, the case has highlighted vulnerabilities in India’s solar sector that are hindering its capacity to switch to clean energy, help limit climate change and cut heavy pollution in many of its cities.

Associated Press Finance 24 days ago

ADANIPOWER.NS
-0.02%
ADANIGREEN.NS
-2.21%
Adani withdraws from Sri Lanka’s wind power projects

Adani Green Energy describes the projects as "financially unviable".

Power Technology last month

ADANIGREEN.NS
-2.21%
ADANIPOWER.NS
-0.02%
India's Adani to pull out of Sri Lanka wind power projects

COLOMBO (Reuters) -India's Adani Green Energy has told Sri Lanka it will withdraw from two proposed wind power projects, the company said on Thursday, two weeks after Colombo said it was seeking to lower the cost of the power generated. Sri Lanka began reviewing Adani Group projects after U.S. authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply deals, charges the firm has denied. Last month, the government said it had begun talks with the Adani Group to trim the cost of power from the projects, estimated to cost a total of $1 billion, to about $0.06 per kilowatt-hour (kWh) or less, versus an earlier figure of $0.08.

Reuters last month

ADANIGREEN.NS
-2.21%
Sri Lanka to renegotiate wind PPA with Adani Green Energy

The government is aiming to reduce the cost to below $0.06 per unit.

Power Technology 2 months ago

ADANIGREEN.NS
-2.21%
India's Adani Green CEO to step down for new role in group

He will be replaced by Ashish Khanna starting April 1, who is the current CEO of the group's international energy business. Amit Singh, who has previously worked as a director at the oilfield services company SLB, was appointed as Adani Green's CEO in May 2023.

Reuters 3 months ago

ADANIGREEN.NS
-2.21%
Trending tickers: Amazon, Disney, ASML, Adani Green Energy and Anglo American

The latest investor updates on stocks that are trending on Friday.

Yahoo Finance UK 4 months ago

FRO

AMZN

^IXIC
Gautam Adani faces charges for securities law violations, Adani Green says

Indian billionaire Gautam Adani has been charged in the United States for alleged securities law violations and faces potential fines but has not been charged under the U.S. Foreign Corrupt Practices Act, Adani Green Energy said on Wednesday. US authorities last week accused Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts and misleading U.S. investors. The civil case brought by the Securities and Exchange Commission is a parallel case to an indictment against Adani and others by U.S. federal prosecutors.

Reuters 4 months ago

ADANIGREEN.NS
-2.21%
TotalEnergies CEO says pausing Adani business won't impact renewable targets

LONDON/PARIS -TotalEnergies can still meet its renewable energy targets without developing any new business with India's Adani Green Energy Limited, the French group's CEO told Reuters, shrugging off the impact of a crisis at its Indian partner. Patrick Pouyanne's comments on the sidelines of an energy conference come after the United States indicted Adani Green Energy's chairman, executive director, former CEO, and five others over an alleged $265 million bribery scheme. TotalEnergies said on Monday it would pause financial contributions to its Adani Group investments until there was more clarity over the case.

Reuters 4 months ago

ADANIGREEN.NS
-2.21%
Factbox-Major fallout for India's Adani Group after U.S. bribery indictment

Adani Group has denied all the accusations as "baseless", but its 10 listed entities have lost about $33 billion in market value since the indictment, with Adani Green the hardest hit, losing about $9.7 billion in market value. ** Ratings agency Moody's cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable,' citing the U.S. indictment of Chairman Gautam Adani and others could weaken the group's access to funding and increase its capital costs. Meanwhile, Fitch earlier put some Adani Group bonds on watch for a possible downgrade, also citing the U.S. indictment.

Reuters 4 months ago

ADANIPOWER.NS
-0.02%
ADANIGREEN.NS
-2.21%
Adani Green Energy says no talks on new financial commitment with TotalEnergies

TotalEnergies' move was the first major fallout after U.S. authorities last week charged Adani's billionaire chairman, Gautam Adani, and seven other people, with agreeing to pay around $265 million in bribes to Indian government officials. The Adani Group has said the accusations as well as those levelled by the U.S. Securities and Exchange Commission in a parallel civil case are baseless and that it will seek "all possible legal recourse". TotalEnergies' statement will not have any material impact on Adani Green Energy's operations or its growth plan, Adani Green said in a stock exchange filing.

Reuters 4 months ago

ADANIGREEN.NS
-2.21%
TotalEnergies halts new financial contributions to Adani Group

The US SEC has summoned Indian billionaire Gautam Adani over allegations of bribery.

Power Technology 4 months ago

ADANIPOWER.NS
-0.02%
ADANIGREEN.NS
-2.21%
Adani CFO says US charges linked to only one business contract

NEW DELHI (Reuters) -A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday. On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani has denied all allegations calling them "baseless".

Reuters 4 months ago

ADANIGREEN.NS
-2.21%
Adanis knew of US probe when they sold bribe-linked assets to TotalEnergies, prosecutors say

Gautam and Sagar Adani knew their renewable energy company was under U.S. investigation for suspected bribery when they sold part of India's largest solar park to France's TotalEnergies, prosecutors allege in legal documents reviewed by Reuters. TotalEnergies did not immediately respond to a request for comment on Friday on whether it knew the Adanis were being probed by U.S authorities over an alleged bribery and fraud scheme when it bought the Khavda solar stake. U.S. prosecutors on Thursday charged eight people - including Indian tycoon Gautam Adani, his nephew Sagar Adani and the former CEO of Adani Green Energy Limited — with promising and then making improper payments to Indian officials between July 2021 and 2024 to ensure the solar project's success.

Reuters 4 months ago

ADANIGREEN.NS
-2.21%
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of electricity to a state-owned power company. Local power companies did not want to pay the prices the state company was offering, jeopardizing the deal, according to U.S. authorities. To save the deal, Adani allegedly decided to bribe local officials to persuade them to buy the electricity.

Reuters 4 months ago

ADANIGREEN.NS
-2.21%
Trending tickers: Nvidia, Adani, Target, Baidu and JD Sports

The latest investor updates on stocks that are trending on Thursday.

Yahoo Finance UK 4 months ago

NVDA

ADANIPOWER.NS
-0.02%
TGT
Key events in Gautam Adani's US indictment over alleged bribery scheme

Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million bribery scheme in India, plunging his conglomerate deep into crisis for the second time in two years. Gautam, his nephew Sagar Adani, and Adani Green Energy Ltd former CEO Vneet Jaain were charged with violating securities and wire fraud laws, and the Adanis were also charged by the U.S. Securities and Exchange Commission in a civil case. The SEC also charged Cyril Cabanes, an executive of Azure Power Global Ltd, for his alleged role in the scheme.

Reuters 4 months ago

ADANIGREEN.NS
-2.21%
Factbox-Who are the defendants charged in US indictment of Gautam Adani?

(Reuters) -U.S. prosecutors have charged Indian billionaire Gautam Adani, founder of a conglomerate named after him, and seven others in an alleged bribery and fraud scheme related to a renewable energy project in India. The authorities said Adani and the other defendants agreed to pay about $265 million in bribes to Indian officials to obtain contracts. The Adani Group denied the charges as baseless and that it would seek "all possible legal recourse".

Reuters 4 months ago

ADANIPOWER.NS
-0.02%
ADANIGREEN.NS
-2.21%
AESL expands renewables infrastructure with Pune-III Transmission

The agreement involves establishing substations and a transmission line to deliver 7GW of renewable energy.

Power Technology 4 months ago

ADANIPOWER.NS
-0.02%
ADANIGREEN.NS
-2.21%
Vedanta Resources postpones planned dollar bond offering, sources say

Vedanta Resources has postponed its planned issue of dollar bonds on concerns that U.S. prosecutors' allegations against Adani group firms could push up borrowing costs for Indian firms, two sources aware of the matter said on Thursday. Earlier in the day, Adani Green withdrew a planned issue of dollar bonds. Vedanta decided to push fund raising plans through the dollar bond route and would likely prefer to wait and watch till the current volatility cools down and borrowing costs are cheaper, said a source aware of the development.

Reuters 4 months ago

ADANIGREEN.NS
-2.21%

Performance Overview

Return	ADANIGREEN.NS	S&P BSE SENSEX (^BSESN)
YTD	-10.23%	-3.29%
1-Year	-50.59%	+1.81%
3-Year	-55.73%	+24.68%

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Adani Green Energy Limited (ADANIGREEN.NS)

Adani Energy secures $324.3m transmission project in Gujarat, India

US legal troubles for tycoon Adani expose shortcomings in India's booming solar sector

Adani withdraws from Sri Lanka’s wind power projects

India's Adani to pull out of Sri Lanka wind power projects

Sri Lanka to renegotiate wind PPA with Adani Green Energy

India's Adani Green CEO to step down for new role in group

Trending tickers: Amazon, Disney, ASML, Adani Green Energy and Anglo American

Gautam Adani faces charges for securities law violations, Adani Green says

TotalEnergies CEO says pausing Adani business won't impact renewable targets

Factbox-Major fallout for India's Adani Group after U.S. bribery indictment

Adani Green Energy says no talks on new financial commitment with TotalEnergies

TotalEnergies halts new financial contributions to Adani Group

Adani CFO says US charges linked to only one business contract

Adanis knew of US probe when they sold bribe-linked assets to TotalEnergies, prosecutors say

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

Trending tickers: Nvidia, Adani, Target, Baidu and JD Sports

Key events in Gautam Adani's US indictment over alleged bribery scheme

Factbox-Who are the defendants charged in US indictment of Gautam Adani?

AESL expands renewables infrastructure with Pune-III Transmission

Vedanta Resources postpones planned dollar bond offering, sources say

Performance Overview