adani energy solutions

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Adani Group chairman Gautam Adani pledged a massive Rs 50,000-60,000 crore investment in Bihar over the next three to four years. This significant capital infusion will target key sectors including power, roads, gas distribution, cement, and broader infrastructure, aiming to boost the state's development and energy self-reliance.

Google has commenced construction of its largest AI hub in Visakhapatnam, India, a significant digital infrastructure investment. Partnering with AdaniConneX and Nxtra, the hub aims to bolster India's AI growth and digital economy. The project signifies a commitment to local talent development and responsible resource management.

Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.

Odisha Chief Minister Mohan Charan Majhi launched 36 industrial projects worth Rs 40,811 crore, poised to create over 59,000 jobs. These initiatives span green energy, metals, textiles, and more, with significant investments from the Adani Group. Majhi highlighted Odisha's transition to prosperity, marking a "second industrial revolution" and a commitment to economic growth and 'Odia Asmita'.

adani energy solutions Limited (formerly Adani Transmission Limited) has reported a 46.1% growth in its consolidated net profit for the second quarter of FY 2024. The company's profit reached Rs 284 crore, compared to Rs 194 crore in the same quarter last year. AESL attributed the increase in revenue to newly commissioned lines, customer acquisitions, and an increase in energy consumption in the Mumbai Distribution business. The company's managing director, Anil Sardana, emphasized their commitment to expanding into multiple energy solution areas.

adani energy solutions (AESL), earlier known as Adani Transmission, is planning to raise $360 million (around Rs 3,000 crore) through issuing bonds on a private placement basis. "...we are looking for a private placement of $360 million of transmission assets which were commissioned in the last three to four years," Rohit Soni, chief financial officer of adani energy solutions, said during an investors call. He further informed that the company is still working if it can get (raise $360 million) via bonds early next year and the work is still in progress.

adani energy solutions forms a joint venture with Esyasoft Holdings for smart metering projects. adani energy solutions acquires a 49% stake in Esyasoft's smart metering solutions arm. The joint venture will bid for global orders and serve Indian discoms, Scottish Gas, and UAE-based utilities. adani energy solutions has an order book of about two crore smart meters.

RSWM Ltd, a LNJ Bhilwara Group firm, has partnered with adani energy solutions Ltd for 60 MW of renewable energy to its Rajasthan plants. This significant investment boosts RSWM's green power usage from 33% to nearly 70%, exceeding India's national average and underscoring their commitment to sustainable energy transition.

AdEnergy Solutions Limited (AESL) has achieved outstanding Environmental, Social, and Governance (ESG) ratings, highlighting its commitment to sustainable practices. AESL surpassed the global industry average in corporate social responsibility and sustainability ratings and outperformed the electric utility industry average in terms of risk mitigation. It received a stable rating from MSCI and a high FTSE ESG score. AESL aims to be a leader in the global context of sustainable energy.

The combined market value of all 10 listed Adani companies, which was Rs 19.6 lakh crore at the end of 2022, has now declined to Rs 13.6 lakh crore. Investors in Adani stocks received a setback in 2023 as the conglomerate's market capitalization fell by approximately Rs 6 lakh crore due to the Hindenburg controversy.

adani energy solutions and Adani Enterprises, part of India's top conglomerates, plan to raise funds worth Rs 12,500 crore. Tata Steel also aims to raise money via non-convertible debentures.

The shares of Adani group companies jumped on Friday on the news that Abu Dhabi National Energy Company PJSC, also known as TAQA, was evaluating investing up to $2.5 billion, in single or multiple Adani Group businesses

Bimal Dayal, the chief of adani energy solutions' transmission business, has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of infrastructure projects in thermal, renewable energy, and green hydrogen. Anil Sardana, the Managing Director of AESL, and Kandarp Patel will drive the growth of transmission, distribution, and smart meter segments. The leadership changes aim to support the enhanced growth of Adani Infrastructure business, which plans to invest over Rs 7 lakh crore in the next 10 years.

adani energy solutions Limited (AESL) has completed the double circuit transmission line from Kharghar to Vikhroli in Mumbai. This line will provide an additional 1,000 MW of power to Mumbai and help prevent grid failures in the future. The project faced challenges such as difficult terrain and height restrictions, but innovative solutions were used to overcome them. The project includes a 400 kV/220 kV substation, switchyards, and transmission lines.

Adani Group stocks saw a midday surge on Friday, recovering from previous declines. This comes even as Kenyan President William Ruto's cancellation of a major airport expansion and power transmission project involving Adani, citing new information. The decision comes amidst bribery allegations against Adani by U.S. prosecutors, claims the company denies.

AdEnergy Solutions Limited (AESL), a key player in the Adani portfolio, announced leadership changes to drive growth in Adani Infrastructure India Limited. Bimal Dayal, the current CEO of the Transmission business, will become the CEO of Adani Infrastructure India. Dayal will spearhead infrastructure projects in thermal, renewable energy, and green hydrogen. This aligns with Adani's plan to invest Rs. 7 lakh crore in the next decade. Anil Sardana and Kandarp Patel will lead growth initiatives in Transmission, Distribution, and smart meter segments.

adani energy solutions Ltd (AESL), the operator of Adani Electricity Mumbai Ltd, aims to increase its renewable energy procurement to 60% by 2027, up from the current 38%. The focus will be on solar and wind sources, contributing to a 40% reduction in Greenhouse Gas emissions. Notably, the company successfully met 100% of Mumbai's electricity demand with renewable energy on Diwali day for four hours. Additionally, AESL is committed to environmental conservation.

A recent $1 billion Qualified Institutional Placement (QIP) by adani energy solutions Ltd. saw significant investment from Qatar Investment Authority's unit, SBI Mutual Fund, Nomura, and Citigroup funds. The QIP, oversubscribed six times, allocated shares at Rs 976 each. Notably, this marks the first public equity raise by the Adani Group since a damaging report last year.