Page 2 - Adani Enterprises Ltd News

Hindenburg Research announces winding up of operations; Adani shares rally

The firm's founder Nate Anderson posted about the disbanding on Hindenburg's website without specifying any single reason for the decision

Trump 2.0 or scrutiny on short sellers? Why Hindenburg Research shut shop

Was it regulatory scrutiny, Trump's political resurgence, or personal stress? Hindenburg Research's exit sparks debate on the future of activist short-sellers

'Kitne ghazi aaye, kitne ghazi gaye': Adani CFO after Hindenburg shutdown

Hindenburg Research, which had accused Adani Group of financial mismanagement, caught many by surprise by announcing its sudden shutdown

Hindenburg, Adani, and Buch: The investigations that shook markets

Hindenburg's reports revealed major corporate issues, including Adani's $100 billion market loss and other industry investigations. The firm has now announced its closure

Adani group shares soar up to 9% as Hindenburg says 'it is shutting down'

Hindenburg shutting down: In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research

Adani Enterprises tests 9-yr trend line support; tech view on group stocks

Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.

Adani Group under DoT scanner on delayed 5G rollout, may surrender spectrum

Adani Data Networks acquired 400 MHz in the 26 GHz band for Rs 212 crore during the July 2022 spectrum auctions, but has yet to announce any timeline for its 5G service launch

Adani Group shares in focus; Power, Green, Energy Solutions gain up to 12%

Shares of Adani Power, Adani Green Energy, Adani Energy Solutions, Adani Total Gas and Adani Enterprises have rallied between 5 per cent and 12 per cent, so far today

Adani Wilmar stks fall below OFS floor price; at lowest level since Feb'22

The company's stock hit an over two-year low of Rs 267.45, tanking 17% in two days and falling below its floor price of Rs 275 fixed for the offer for sale

Sensex may test 76,300 this week; Nifty can fall another 8% from here on

The near term bias for Nifty is likely to remain negative as long as the index remains below 23,660 - 23,940 resistance zone, shows the technical chart.

Adani surpasses Mukesh Ambani's RIL group firms in 2024 M&A deals

Listed entities of top five groups collectively account for 15.3% of total value

Adani partners with Thailand's Indorama for petrochemical expansion

Billionaire Gautam Adani's group has teamed up with Thailand's Indorama Resources Ltd for a foray into the petrochemical business as the ports-to-energy conglomerate looks to expand in adjacencies. Adani Petrochemicals Ltd, a subsidiary of the group's flagship Adani Enterprises Ltd, "has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)... with Indorama Resources Ltd, Thailand," Adani Enterprises said in a stock exchange filing. Adani Petrochemicals and Indorama will hold 50 per cent stake each in the joint venture. "VPL is incorporated with the objective to set up a refinery, petrochemical and chemical business," it said. Adani Petrochemicals was incorporated to set up refineries, petrochemicals complexes, speciality chemicals units, hydrogen and related chemicals plants and other similar units in a phased manner. Group chairman Gautam Adani had in 2022 stated that the conglomerate is looking to invest more than USD 4 billion in

Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar

The stake sale, which will occur in two tranches, is estimated to fetch the Adani group approximately $2.2 billion (Rs 18,824 crore) upon completion

Adani Enterprises to exit consumer goods joint venture with Wilmar Intl

Wholly-owned subsidiary of Wilmar Lence Pte Ltd will acquire up to 31.06 per cent of AWL's equity shares held by Adani Commodities LLP (ACL) via call or put options

Adani Ent to exit Adani Wilmar JV; Group shares rally up to 15% in weak mkt

AEL will use the proceeds from the sale to turbocharger its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacency in primary industry.

Derivatives Market Update: JSW Energy, Adani Group stocks see long build-up

On the other hand, Cyient, CAMS, Hero MotoCorp, ICICI General Insurance, Jio Financial Services witness short build-up in trades on Monday.

Adani Enterprises jumps 4% in trade; here's why stock is in demand

Ventura Securities believes that Adani Enterprises is likely to see consolidated revenue grow at a CAGR of 17.5 per cent and net earnings by 45.8 per cent over FY24 and FY27

Adani Enterprises revenue to jump to Rs 1.5 trn, earnings to rise 46%

Adani Enterprises Ltd, the flagship company of the ports-to-energy conglomerate helmed by billionaire Gautam Adani, is likely to see consolidated revenue grow at a CAGR of 17.5 per cent and net earnings by 45.8 per cent over 2023-24 fiscal year (FY24) and FY27, a report said. AEL is one of India's largest listed incubators which has conceived, grown, matured and demerged many successful businesses, including ports company Adani Ports & SEZ, city gas distributor Adani Total Gas, power transmission company Adani Energy Solutions, renewable energy firm Adani Green Energy, Adani Power, and commodities firm Adani Wilmar. The company is incubating airports, manufacturing solar modules and wind turbines, green hydrogen, road construction, data centre, and copper. "Adani Enterprises Ltd (AEL), the incubator of many successful industry-leading businesses, is ambitiously diversifying into green hydrogen and its ecosystem to drive future growth," Ventura Securities said in the ...

Bihar attracts investment proposals of Rs 1.8 trn at global investors' meet

The Bihar government on Friday said it has attracted record investment proposals of nearly Rs 1.81 lakh crore across different sectors such as renewable energy, food processing and manufacturing from an array of corporates, including the Adani Group, Sun Petrochemicals, and others. At the end of the two-day global investors' summit Bihar Business Connect 2024, Industries Secretary Bandana Preyashi said the Bihar government has signed MoUs for setting up 423 units with an investment of Rs 1,80,899 crore. "We are overwhelmed with the response from corporates. It is beyond our expectations. We have received investment proposals of over Rs 1.8 lakh crore," she told reporters here. Sun Petrochemicals and Adani Group were among an array of industrial houses that lined up a record Rs 1.8 lakh crore investments across sectors in Bihar, more than triple of Rs 50,300 crore the state received at its maiden investor meet last year. Preyashi said Sun Petrochemicals will invest Rs 36,700 crore i

Adani Group plans Rs 20K crore super critical thermal power plant in Bihar

Billionaire Gautam Adani's conglomerate plans to invest Rs 20,000 crore in setting up a super critical thermal power plant in Bihar even as it expands its cement, food processing and logistics business in the state. Speaking at the Bihar Business Connect 2024, Pranav Adani, Director, Adani Enterprises Ltd, said the ports-to-energy conglomerate is invested in three sectors in Bihar - logistics, gas distribution and agri logistics, where it has already invested around Rs 850 crore. "We are now going to invest another Rs 2,300 crore in these sectors. This investment will not only massively increase our warehousing and handling capacity and expand our presence in the EV, city gas distribution (CGD) and compressed biogas (CBG) space but will also generate an additional 27,000 direct and indirect local job opportunities," he said. The group is also looking to potentially invest another Rs 1,000 crore in developing strategic infrastructure in Bihar, like Gati Shakti Railway Terminals, ICDs