Latest news with #AdaniEnergySolutions
Bloomberg
6 hours ago
- Business
- Bloomberg
Adani Energy Approves Raising $502 Million Via Share Sale
Billionaire Gautam Adani-controlled Adani Energy Solutions Ltd. approved raising 43 billion rupees ($502 million) via a stake sale. The Adani Group unit's board passed an enabling resolution to raise the amount via 'Qualified Institutional Placement' in one or more tranches, according to an exchange filing Saturday.
Business Standard
a day ago
- Automotive
- Business Standard
Adani Energy Solutions wins Rs 1660 cr inter-state transmission project in Maharashtra
Adani Energy Solutions (AESL) has won a Rs 1,660 crore inter-state transmission project in Maharashtra. The project scope includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The project, housed under the Special Purpose Vehicle (SPV) WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas. The project SPV was formally transferred to AESL today. AESL won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, and REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. With this order win, AESL's transmission orderbook now stands at Rs ~61,600 crore.
Mint
14-05-2025
- Business
- Mint
Stock Picks: Sagar Doshi suggests Adani Energy, HCL Tech, Havells India shares to buy in a green market today
Stock market today: India's primary stock indexes began the day on a positive note on Wednesday, buoyed by retail inflation data from both the US and the domestic market in April that were lower than expected. The Sensex rose by 281.43 points to reach 81,429.65 during early trading; the Nifty 50 increased by 96.65 points to hit 24,675. The drop in domestic inflation has raised expectations for potential further rate reductions by the Reserve Bank of India, while the favorable inflation figures from the US and the reduction of US-China trade tensions have contributed to easing fears of a recession. Market analysts noted that global markets are experiencing volatility, fluctuating in response to the constantly evolving policy landscape. The reciprocal tariff strategy employed by Trump, which previously unsettled markets, is now behind us, with a new agreement reached between the US and China. It seems that the trend of a weakening dollar has come to an end. The yield on the US 10-year treasury note has surged to 4.47%, which could influence foreign institutional investor (FII) flows into India that have been supporting the resilience of the Indian market. Sagar Doshi of Nuvama recommends Adani Energy Solutions, HCL Technologies, and Havells India shares to buy today. Here's what Doshi says about the overall market. From ending at 3 week low last week to claiming back to 6 month high – markets have broken out of its previous range seen between 23,900 and 24,400. A new range window has now open up on Nifty 50 between 24,400 – 25,400 with volatility seen at elevated levels for the balance of this week. All the sharp gains at the start of this week was on back of the ceasefire understanding announced over the weekend added by a sweetener to global equities on a temporary agreement reached between US and China on tariffs. 24,400 now acts as fresh support while 24,900/25,400 can now be seen as possible targets on upside. Bank Nifty has reversed its course from the 5 year trendline's polarity support wherein it also completed its initial downside target. Unless a closing below the same (53,500) is not seen further downside cannot be seen opening up. For now a range between 54,900 and 55,900 can be seen playing for this week on the index. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Adani Energy Solutions Ltd, HCL Technologies Ltd, and Havells India Ltd. Repeated higher low formations are seen on chart, along with reclamation of 200 DMA, indicating further upside yet to unfold on the same. Initial signs of a huge upside is being formed as the stock has been consolidating in a base formation pattern for the past 26 months. For now, we are seeing for a 10% upside in this leg. An inverted head and shoulder formation is seen on daily charts where the stock has given a breakout of the neckline visible at 1600 odd levels. A higher low formation shows early signs of this breakout coming in the short term for targets of 200 DMA resistance floating near ₹ 1,725 – 1,735 band. Flag breakout on daily chart is seen on charts of Havells, after it took tested at its polarity support of a 5 year trendline last week. A strong base has formed and an inverted head and shoulder pattern is seen forming on weekly charts of the same. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Business Upturn
12-05-2025
- Business
- Business Upturn
Adani Power, Adani Energy up 6%; Adani Green, Adani Enterprises surge over 5% as Adani group shares rally with Sensex and Nifty
Indian markets surged in early trade on Monday, with strong buying seen in Adani group stocks. At 9:19 AM, the Sensex was up by 1,782.34 points to 81,236.81 (+2.24%) and the Nifty advanced 545.65 points to 24,553.65 (+2.27%). Among group stocks, Adani Power gained 6.10% to trade at ₹543.25, while Adani Energy Solutions rose 6.04% to ₹877.05. Adani Green also moved up 5.23% to ₹925.45, and Adani Enterprises was up 5.19% at ₹2,367.90. Adani group stocks led the charge with sharp gains across the board: Adani Power jumped 6.10% to ₹543.25 Adani Energy Solutions rose 6.04% to ₹877.05 Adani Green advanced 5.23% to ₹925.45 Adani Enterprises gained 5.19% to ₹2,367.90 Adani Ports moved up 4.88% to ₹1,370.00 Adani Total Gas climbed 4.58% to ₹628.65 Adani Wilmar added 3.90% to ₹262.45 Other group companies like Adani Ports, Adani Total Gas, and Adani Wilmar also saw notable gains between 3.9% and 4.9%, reflecting strong positive sentiment in the market. Disclaimer: This article is for informational purposes only and is based on real-time market data as of 9:19 AM. It does not constitute investment advice. Business Upturn and the author do not recommend buying or selling any stock mentioned. News desk at
Mint
29-04-2025
- Business
- Mint
MSCI Rejig: Nykaa, Coromandel, Adani Energy shares likely to be included in India Standard Index; Thermax may exit
Nykaa, Adani Energy Solutions and Coromandel International shares are likely the top contenders for inclusion in the MSCI India Standard Index during its semi-annual rebalancing in May 2025. According to brokerage firm JM Financial, the expected changes could lead to significant fund flows into certain stocks. The official announcement for MSCI index rejig is scheduled for May 13, post-market hours, with changes effective from June 3. Among the expected inclusions, FSN E-Commerce Ventures, the parent company of fashion retailer Nykaa, stands out with a high probability of inclusion in the MSCI India Standard Index. The brokerage estimates potential inflows of $210 million, translating to 92 million shares, and a 12-day impact window. Nykaa share price has already seen nearly 10% gain in the past month, possibly reflecting anticipatory buying ahead of the rebalancing. Nykaa shares have rallied 20% on a year-to-date (YTD) basis. Other candidates for inclusion, albeit with low probability, are Adani Energy Solutions and Coromandel International. Adani Energy shares could see the largest inflow among the three — around $270 million, with a 10-day impact duration. Coromandel International shares may attract inflows of $200 million, covering 7.6 million shares, as per JM Financial estimates. On the exclusion front, Thermax shares are under the radar with a high probability of exclusion from the MSCI India Standard Index. The expected outflow is $120 million, impacting roughly 2.8 million shares, according to the brokerage firm. MSCI index rebalancing often prompts large passive flows from global investors tracking the index. Stocks that are added or removed can experience significant price volatility and volume surges around the announcement and effective dates. While Nykaa shares look poised for strong inflows, the inclusion of Adani Energy shares and Coromandel shares depends on factors such as free float adjustments and market cap thresholds. On the other hand, Thermax investors may brace for selling pressure if the exclusion materializes.
