The Adani Group has joined the race to acquire the Indian renewable assets of Singapore-based Equis Energy, which has put its entire portfolio valued at about $5 billion on the block, said sources close to the development.
Adani Transmission’s proposed exclusivity agreement to acquire the power generation, transmission and distribution assets of Reliance Infrastructure would be incidental on right valuation of assets as experts believe anything above two times the regulated equity of Rs 3,500 crore would be negative for the company.
Adani Transmission, the power sector arm of Infrastructure major Adani Group, is in talks with Reliance Infrastructure for acquiring the latter’s power distribution business in Mumbai, which is estimated to be worth Rs13,000-14,000 crore.
The Adani Group’s entire A$3.5 billion (Rs 178 billion) debt-funded ‘investment’ in Australia is gravely at risk, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday.
Inox Wind has closed a deal for developing a 100MW wind power project for Adani Green Energy, a part of the Adani group at Kutch in the state of Gujarat.
Indian mining giant Adani Group’s $16.5 billion controversy-hit coal mine project in Australia cleared two more legal hurdles on Friday with a Brisbane court dismissing appeals filed by environmentalists and a traditional landowner against the venture.
Adani Global Private Ltd, a Singapore-based company of the Adani Group, has moved the high court of Singapore seeking a stay on a demand to produce documents pertaining to Indonesian coal imports from Adani’s subsidiaries
Indian mining giant Adani Group’s 16.5 billion dollar controversy-hit coal mine project in Australia cleared two more legal hurdles today with a Brisbane court dismissing appeals filed by environmentalists and a traditional landowner against the venture.
Adani Strongly Refutes Congress Charges Linking It To Rs 50K Crore- Power Equipment Over-Invoicing Scam
Adani group on Friday strongly refuted Congress statement linking it to the Rs 50,000 crore electrical equipment over-invoicing case, citing a news report appearing in an international publication.
Queensland Premier Annastacia Palaszczuk today ruled out giving financial support to Adani Group for its controversy-hit 21.7 billion dollars Carmichael mine project but the Indian energy giant asserted that it is moving forward on “all fronts”.