Adani Group Chief Financial Officer (CFO) Jugeshinder Singh on Saturday addressed the ongoing controversy surrounding allegations of fraud against the group, clarifying that the allegations pertain to a single contract involving Adani Green Energy
The Securities and Exchange Board of India (SEBI) is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, Bloomberg reported citing sources.
The Hybrid RG comprises 1,840 MW operational wind solar hybrid assets, with an IG rating from Fitch and Moody’s ratings.
As the world's leading solar power developer and India's largest renewable energy company, the Adani Group is taking very big steps.
SB Energy India has a total renewable power portfolio of 4,954 MW spread across four states in India. The transaction marks the largest acquisition in the renewable energy sector in India.
The portfolio comprises 1,400 MW operational solar power capacity and a further 3,554 MW is under construction.
The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.
Total and Adani agreed to the acquisition of a 50 per cent stake in a 2.35 GW portfolio of operating solar assets owned by AGEL and a 20 per cent stake in AGEL for a global investment of $ 2.5 Billion.
