KHAVDA RE PARK
Adani Energy shares crash to hit 20% lower circuit after 100% acquisition of Pune-III Transmission
Adani Energy Solutions' shares plummeted 20% after Gautam Adani and others faced charges in a US bribery and fraud case. This occurred despite the company's announcement of a 100% stake acquisition in Pune-III Transmission, aiming to enhance shareholder value and support renewable energy evacuation.
Adani Energy Solutions signs pact to acquire 100 pc stake in Pune- III Transmission
Adani Energy Solutions Ltd (AESL) is acquiring Pune- III Transmission Ltd (PTL) from PFC Consulting Ltd to establish new substations and a transmission line. This acquisition will enable the evacuation of 7 GW of renewable energy from Gujarat's Khavda RE Park and aligns with AESL's strategy of enhancing shareholder value.
Adani Energy Solutions receives award of 7 GW renewable energy evacuation transmission network in Khavda
Adani Energy Solutions Ltd has acquired the Khavda Phase-IV Part-A transmission project, aimed at evacuating 7 GW of renewable energy from Khavda RE park in Gujarat. The project will enhance India's green energy infrastructure, contributing to the country¡¯s journey towards net zero. The investment amounts to Rs 4,091 crore and will be completed within 24 months.
Adani's oasis next to Pakistan: A transformation from not even a mosquito in sight to an RE park 5-times the size of Paris
In a remote region near the Pakistan border, a barren land with minimal infrastructure becomes the unlikely site for the world's largest renewable energy park. Adani Group's ambitious project in Gujarat's Kutch district aims to harness solar and wind power in an area with ideal conditions, transforming the desolate landscape into a beacon of sustainable energy production.
Adani eyes 45 GW renewable energy capacity by 2030
Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come.
Adani Green Energy operanalizes 1,000 MW solar energy at Gujarat's Khavda RE Park
With this, the AGEL has achieved operational capacity of 9,478 MW and continues its journey to the stated goal of 45,000 MW by 2030, reported PTI, citing the company statement.
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Adani Group¡¯s debt-to-EBITDA down to 2.5x; cash balance at Rs 44,572 crore
The group¡¯s gross assets to net debt stood at 2.5 times as on September 30. The group saw record quarterly operating profit growth of 64% YoY, while the operating profit as of December-end stood at Rs 78,823 crore ($9.5 billion).
Adani Green begins power generation from world¡¯s largest Renewable Energy park in Khavda, Gujarat
Adani Group is committed to India's clean energy transition journey towards its ambitious goals of 500 GW of renewable energy capacity by 2030 and carbon neutrality. Adani Green Energy's milestone at the Khavda RE park is a validation of this commitment and leading role.
Adani Green Energy shares rise 4% as 551 MW solar capacity gets operational in Gujarat
Adani Green Energy (AGEL) shares rose nearly 4% to Rs 1,882 in Wednesday's trade on BSE after the firm said that it has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.
Adani Energy Arm to Form JV with Esyasoft for Smart Metering Biz
The agreement has been entered into to enable, among other things, licensing by EHL to intellectual property rights of software products and solutions for smart meters and other industrial applications and further development of such products and solutions by a joint venture company of ATSFL and EHL, it said.
Adani Energy Solutions arm to form a joint venture with Esyasoft Holdings
In a regulatory filing, the company said, ATSFL and EHL would hold a 49% and 51% shareholding, respectively, in the proposed joint venture with equal participation in the company's board of directors.
Adani Energy wins bid to hook up renewables park to National Grid
AESL would be investing Rs 3,000 crore to build, own, operate and maintain the 301 km (656 circuit kilometer or ckm) transmission project for a period of 35 years, a company statement said.
Power Grid Corp acquires 2 special purpose vehicles to implement transmission projects
The Koppal II Gadag II Transmission Ltd (KIIGIITL) was acquired on Tuesday to establish a transmission system for 'Transmission Scheme for Integration of Renewable Energy Zone (Phase-II) in Koppal-II (Phase-A & B) and GadagII (Phase-A) in Karnataka', on build, own, operate and transfer (BOOT) basis", it explained.
Adani picks himself up, dusts himself off and is back in the saddle
Despite Hindenburg Research's accusations of corporate fraud against billionaire Gautam Adani, his Adani Group, a diverse conglomerate, has rebounded impressively. Adani Group's market performance, marked by a remarkable one-day gain of Rs 1,92,645 crore on December 5, signifies a resurgence in market confidence, hitting an 11-month high of Rs 13.88 lakh crore market capitalisation. This surge suggests a turning point for Adani, signaling regained trust among investors.
In the salt deserts bordering Pakistan, India builds its largest renewable energy project
India aims to build the world's largest renewable energy project at Khavda in Gujarat in three years. Encompassing solar panels, wind turbines, and spanning 726 sq km, it's a pivotal initiative estimated to cost $2.26 billion, aligning with goals discussed at COP28 to triple global renewable energy while reducing fossil fuel usage.
Adani Green seals its largest project financing of $1.36 billion
Adani Green Energy announced securing a $1.36 billion senior debt facility, its largest project financing yet under the Construction Financing Framework. This enhances the total funding to $3 billion since March 2021. The funding, backed by a consortium of international banks, supports AGEL's pivotal Renewable Energy Park development in Gujarat's Khavda, emphasizing its strategic significance.
Sterling and Wilson Renewable Energy wins order worth Rs 1,535 crore
Sterling and Wilson Renewable Energy on Friday announced receiving an order worth Rs 1,535 crore from NTPC Renewable Energy. The company has received the notification of award for the EPC project of 300 MWac of NTPC Renewable Energy Limited (NTPC REL) at Khavda RE Power Park, Rann of Kutch, in Gujarat, a company statement said.
Sterling and Wilson RE partners with Nextracker for solar trackers supply to NTPC's project
Sterling and Wilson Renewable Energy Ltd (SWREL) has selected Nextracker Technology to supply solar trackers for NTPC Renewable Energy's 1.56 GW DC solar PV project in Gujarat. As a leading solar EPC solutions provider, SWREL was awarded the contract from the wholly-owned subsidiary of state-owned power firm NTPC Ltd for the project located in Khavda RE Park in Rann of Kutch. The project is expected to be operational by H1 2024.
Larsen & Toubro bags multiple EPC projects in domestic market
Large renewable energy (RE) zones are being developed that house several solar and wind projects from various developers in contiguous land parcels, the company said adding power generated from such individual projects is collected at pooling substations, located in the vicinity, and then re-distributed to intra-state and inter-state transmission networks.
Sterling & Wilson¡¯s shares climb over 6% after bagging Rs 2,100 crore order
"The company has emerged as the successful bidder for the BOS package comprising of four blocks of 300 MW (AC) each in the proposed 1200 MW Solar PV Project of NTPC Renewable Energy Limited at Khavda RE Power Park, Rann of Kutch, Gujarat," the company said in a BSE filing.
Stocks in the news: CEAT, HDFC AMC, RBL Bank and Adani Ports
Adani Group said that its engagement with financial institutions over a petrochemical project at Mundra in Gujarat was still ongoing. The group said it is trying to secure financial closure for its project and the operations at the site will start after the closure.
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