Adani Enterprises Ltd (ADANIENT)

Adani Enterprises Receives SEBI Notices; AESL Completes Acquisition - 16 May, 2024

Adani Enterprises' subsidiaries have received SEBI notices for violating certain norms. Meanwhile, Adani Energy Solutions has completed the acquisition of Essar's Mahan-Sipat Transmission assets for Rs 1,900 crore, unlocking lower-cost debt for its operational assets.

Adani Enterprises Plans Big Investments in New Energy; Stocks Surge - 14 May, 2024

Adani Enterprises announces plans to invest heavily in new energy, airports, and data centers for FY25. The stock surges over 5% on BSE amid heavy volumes.

Adani Plans to Invest Rs 80,000 Crore in FY25 - 13 May, 2024

Adani Enterprises plans to invest Rs 80,000 crore across its businesses in the current financial year, with a significant portion going towards new energy businesses and airports. The company aims to produce 10 GW of solar modules and 3 GW of wind turbines.

Adani Plans Major Capex on New Energy and Airports - 12 May, 2024

Adani Enterprises plans to invest heavily in new energy and airports, with Adani New Industries targeting factories to produce 10 GW of solar modules and 3 GW of wind turbines. The group aims to generate 45 GW of renewable power by 2030.

Cantor Fitzgerald Director Optimistic About Adani Enterprises - 09 May, 2024

Brett Knoblauch, CFA, Director of Equity Research at Cantor Fitzgerald, is optimistic about Adani Enterprises due to its involvement in various segments of the Indian economy. He emphasised Adani Enterprises potential for expansion within India, especially in sectors like airports and green hydrogen.

Adani Group's Coking Coal and Limestone Stuck at Port Due to Worker Strike - 08 May, 2024

About ₹700 crore worth of coking coal and limestone belonging to Adani Enterprises Ltd are stuck at Gangavaram port due to a worker strike demanding higher wages since 12 April. The impact on the company's operations is yet to be determined.

Adani Enterprises Falls as Sales Growth Disappoints - 07 May, 2024

Adani Enterprises' stock continues to fall for a fifth straight session after reporting lower-than-expected YoY sales growth of 3%. The company's EBITDA and net earnings also declined YoY. The stock is down 1.19% on the day and has eased around 11.91% in the last month.

Adani Plans to Develop Port in the Philippines, Mundra Petrochemical Project Receives Loan - 06 May, 2024

Adani Enterprises expresses interest in developing a port in Bataan, Philippines. Meanwhile, its Mundra petrochemical project receives a loan of ₹17,000 crore from SBI-led consortium for financial closure after allegations of fraud halted operations last year.

Mixed Bag for Adani Enterprises with Q4 Results and Show-Cause Notices - 04 May, 2024

Adani Enterprises' Q4 results showed a decrease in revenue and profit YoY, but growth compared to the previous quarter. State Bank of India is set to lend Adani Group's petrochemical plant at Mundra about ₹17,000 crore. Adani Enterprises and other Adani Group companies received show-cause notices from Sebi. Additionally, Adani Enterprises expressed interest in investing in various sectors in the Philippines.

Mixed Results and Show-Cause Notices for Adani Enterprises - 03 May, 2024

Adani Enterprises reports mixed financial results for Q4FY24, with a decline in net profit but increases in other areas. The company also received two show-cause notices from SEBI regarding related party transactions and compliance issues. Meanwhile, the Navi Mumbai airport project is expected to create over one lakh jobs.

Adani Enterprises Q4 Net Profit Drops, Subsidiary Acquires Pointleap Projects - 02 May, 2024

Adani Enterprises' Q4 net profit dropped by 37.6% due to one-time airport dues and commercial mining losses. Adani Electricity Mumbai acquired Pointleap Projects for Rs 13.15 crore.

Adani Group's Ambuja Cements Reports Strong Q4 Results - 01 May, 2024

Adani Group's cement subsidiary, Ambuja Cements, reported strong Q4 results with a net profit of ₹1,526 crore and a growth of 99.89% YoY. The Adani family infused Rs 8,339 crore into Ambuja Cements, increasing their stake to 70.3%. Meanwhile, Adani Energy Solutions Ltd reported a decline in consolidated net profit at Rs 381.29 crore during Jan-Mar 2024.

Adani Enterprises' Debt-to-Equity Ratio Raises Concerns - 30 Apr, 2024

Adani Enterprises' high debt to equity ratio of 1.37 raises concerns despite a higher return on equity (ROE) of 9% compared to the industry average of 7.1%. Adani Energy Solutions will declare their Q4 FY24 results on April 30.

Adani Enterprises Seeks Funds for Airport and Solar Panel Businesses - 29 Apr, 2024

Adani Enterprises is in advanced talks to raise $1bn for its Mumbai airport and solar panel businesses from US and European investors. The company has also acquired a 49% stake in Adani Esyasoft Smart Solutions and established India's largest sustainability-linked financing to raise up to $1.44 billion. Additionally, eight FPIs have filed settlement applications with SEBI regarding their past exposure to Adani Group stocks.

AdaniConneX Secures Financing for Data Centre Business - 28 Apr, 2024

Adani Enterprises' joint venture AdaniConneX has secured up to $1.44 billion in financing from eight international lenders to fund its upcoming green data centres. The company plans to build nine data centres with a total capacity of 1 GW by 2030 and will utilise modern technologies and renewable energy solutions to minimise the ecological footprint while optimising operational efficiency.

Adani Faces SEBI Probe; Acquires Stake in AESSL for Smart Metering Solutions - 26 Apr, 2024

Adani Enterprises faces a SEBI probe over market manipulation allegations. Meanwhile, it acquired a 49% stake in Adani Esyasoft Smart Solutions for smart metering solutions.

SEBI Scrutinizes Adani Group's Relationship with Offshore Fund - 24 Apr, 2024

The Securities and Exchange Board of India (SEBI) is investigating the relationship between the Adani Group and an offshore fund investing in Adani group companies. Eight foreign portfolio investors have requested to settle charges by paying a sum without admitting wrongdoing, which could result in penalties or a ban from stock markets.

Adani Faces SEBI Probe, Congress Demands JPC Investigation - 23 Apr, 2024

SEBI is investigating possible rule violations by global funds investing in Adani Group stocks. The Congress party demands a Joint Parliamentary Committee investigation into alleged violations by the conglomerate. Meanwhile, Adani's shareholder base shifts towards more recognizable investors and broad-based funds.

Adani Enterprises Faces Securities Violation Charges - 22 Apr, 2024

Several foreign portfolio investors (FPIs) owning substantial stakes in Adani Group firms are looking to settle securities violation matters with SEBI. The regulator had accused the FPIs of failing to maintain and disclose information about their ultimate beneficial owners as well as breaching investment limits in listed entities of Adani Group during certain periods. This was one of the issues referred to in the Hindenburg Research report of January 2023 that led to a slump in the stocks of Adani Group companies.

Adani Group Chairman's Wealth Surges by 33% - 20 Apr, 2024

Gautam Adani, the chairman of Adani Group, saw a 33% surge in wealth according to Hurun Global Rich List 2024. The report also highlights robust growth projections for India's affluent population, with implications for consumption patterns and market dynamics.