Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy assets to the Adani Group at a valuation of ₹1,800-2,000 crore, said two people aware the development.
The Appellate Tribunal for Electricity (APTEL) has ruled in favour of Adani Group firms and has set aside an order passed by State regulator directing the firms to file a petition regarding backing down (unplugging of power from the State grid) instructions for solar power as a Dispute Resolution Petition.
Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) intends to invest as much as Rs 57,594 crore to expand the capacity at its commercial port in Mundra (Gujarat), reports The Hindu BusinessLine (BL).
Billionaire Gautam Adani-led Adani Group has in open competitive bidding bagged a string of projects ranging from highway construction to development of airports, coal mining and city gas retailing in the last few years, helping the conglomerate diversify into new sectors, sources said.
After an array of projects including airport, seaport and piped natural gas, Adani Group is now eyeing to bid for the KSEB’s promising 1000-MW solar power project. Adani Group’s solar manufacturing arm, Adani Solar,
India’s solar installations stood at 8.3 GW in 2018. The installations include large-scale and rooftop solar capacity. The country’s cumulative solar capacity is around 28 GW as of 2018.
In a single stroke during the last week of February, Gautam Adani-led Adani Enterprises started on the journey to become the largest airport operator in India when it bagged contracts to operate five airports in the country.
The Adani Group and the Indian Oil Corporation Limited on Wednesday committed to a total investment of over ₹28,000 crore in the State, on the inaugural day of the Global Investors Meet (GIM) 2019.
Adani Group on Wednesday said that it will invest Rs 12,000 crore in Tamil Nadu to expand its presence further. Speaking at the second edition of the Tamil Nadu Global Investors Meet (GIM 2019)
Adani announces Rs 55,000 cr investment in Gujarat in next 5 years