Adani Energy Solutions Ltd

(ADANIENSOL)

Adani Energy Solutions Faces Turbulence Amid Bribery Allegations - 21 Nov, 2024

Adani Energy Solutions has faced significant challenges, including a 20% stock drop due to bribery allegations. Despite this, GQG Partners increased its stake, and analysts remain optimistic about growth potential.

Adani Energy Solutions Acquires Pune-III Transmission - 20 Nov, 2024

Adani Energy Solutions Ltd has acquired a 100% stake in Pune-III Transmission Ltd for ₹10 per share, enabling the evacuation of 7GW of renewable energy from Khavda RE Park, Gujarat. This acquisition aligns with AESL's strategy to enhance shareholder value through organic and inorganic growth opportunities.

Adani Energy Solutions Secures Major Contracts - 19 Nov, 2024

Adani Energy Solutions has received significant contracts, including a ₹450.01 crore project for a 765 kV transmission line and the transfer of Pune-III Transmission Limited.

Adani Energy Solutions Faces Significant Stock Correction - 17 Nov, 2024

Adani Energy Solutions Limited's stock has seen a notable decline of 34.73% from its 52-week high of ₹1,348, closing at ₹879.70. Despite this, it remains 22.15% above its 52-week low of ₹720, indicating some resilience amid market fluctuations.

Adani Energy Solutions Market Cap Rises Significantly - 12 Nov, 2024

On November 12, 2024, Adani Energy Solutions saw its stock price increase by 2.36%, boosting its market capitalization by Rs 2,556 crore to Rs 1,10,908.42 crore. This reflects strong investor sentiment in the power distribution sector.

Adani Energy Solutions Faces Index Exclusion and Expands in Kenya - 08 Nov, 2024

Adani Energy Solutions shares dropped 10.4% after MSCI excluded it from the Global Standard Index. The company also established a subsidiary in Kenya for power transmission projects.

Adani Energy Solutions Faces Major Stock Decline - 07 Nov, 2024

On November 7, Adani Energy Solutions shares fell significantly after MSCI excluded the stock from its Global Standard Index, citing free float concerns and regulatory issues. The stock tumbled over 9% during intraday trading, reflecting investor apprehension amid ongoing scrutiny from SEBI.

Adani Energy Solutions Reports Strong Financial Growth - 02 Nov, 2024

Adani Energy Solutions, formerly Adani Transmission, shows a 68.3% revenue increase in Q2 FY25, with net profit rising 171.3%. The company plans to raise Rs 20 bn through non-convertible debentures. Despite high P/E and P/BV ratios, financials are improving, though RoE and RoCE are declining.

Adani Energy Faces SEBI Scrutiny Amid New Contracts - 29 Oct, 2024

Adani Energy Solutions is under scrutiny from SEBI for alleged misclassification of shareholders while securing significant contracts, including a Rs 117.74 crore project with Jyoti Structures.

SEBI Issues Notice to Adani Energy Solutions - 26 Oct, 2024

SEBI has issued a show-cause notice to Adani Energy Solutions for allegedly misclassifying certain investors as public shareholders, violating minimum shareholding norms. This follows serious allegations from Hindenburg Research, which the Adani Group has denied.

Adani Energy Solutions Faces Legal and Regulatory Challenges - 25 Oct, 2024

Adani Energy Solutions is under scrutiny from SEBI for investor categorization, leading to a significant drop in shares. Additionally, a $736 million deal in Kenya is halted by the High Court due to legal issues, raising concerns about project transparency.

Adani Energy Faces Regulatory Scrutiny Amid Profit Growth - 23 Oct, 2024

Adani Energy Solutions received a SEBI notice for wrongful investor categorization while reporting a strong recovery in Q2 FY24 with significant profit growth. However, shares fell nearly 3% due to declining EBITDA margins despite a 19% increase in EBITDA.