Adani Group has planned to invest Rs 20,000 crore in setting up a super critical thermal power plant in Bihar. The development comes amid its plans for expands its cement, food processing and logistics business in the state.
The short but incisive video narrates the story of Tamtu, a young boy from a village who along with his father has been spending nights in darkness, waiting for the electricity to knock on their doors.
Adani Group has sufficient liquidity and operational cash flows to meet its debt obligations and planned capital expenditures in the medium term, said CRISIL Ratings on Friday.
After the indictment by the US Securities and Exchange Commission (SEC), the rating agency Fitch has revised the outlook on four Adani group firms from “stable” to “negative”.
The Telangana government has refused Rs 100 crore donation from the Adani Foundation for the Young India Skills University following the recent fraud charges brought by the US against the billionaire.
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 Lok Sabha was adjourned for the day amid uproar by the opposition parties on various issues. The Lower House will meet again at 11 am on Wednesday.
In a post on X, Singh said none of the group’s 11 public companies or their subsidiaries are defendants in the case filed by the US Department of Justice (DoJ), nor are they accused of wrongdoing.
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.
Coming as an aftermath of the bribery charges by the US Securities and Exchange Commission (SEC), and a US District Court, the Adani Group stocks lost Rs 2.3 lakh crore in market capitalisation on Thursday.
