Latest news with #AdaniEnergySolutionsLtd
Business Insider
14 hours ago
- Business
- Business Insider
Investec Sticks to Their Buy Rating for Suzlon Energy Ltd (SUZLON)
In a report released on May 30, Anuj Upadhyay from Investec maintained a Buy rating on Suzlon Energy Ltd (SUZLON – Research Report), with a price target of INR70.00. The company's shares closed last Friday at INR71.48. Confident Investing Starts Here: Upadhyay covers the Energy sector, focusing on stocks such as Adani Energy Solutions Ltd, Adani Green Energy Limited, and JSW Energy Limited. According to TipRanks, Upadhyay has an average return of 2.3% and a 54.17% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for Suzlon Energy Ltd.
Mint
a day ago
- Business
- Mint
Adani Energy to raise $502 million through stake sale
Bloomberg Published 1 Jun 2025, 08:51 AM IST (Bloomberg) -- 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 approved a proposal to raise the amount via 'Qualified Institutional Placement' in one or more tranches, according to an exchange filing Saturday. Adani companies, with interests stretching from ports to green energy, are steadily regaining investor confidence after a US indictment of the founder soured sentiment. The group in April raised about $750 million for an acquisition, with BlackRock Inc. subscribing to about a third of the bond issue. Last week, its ports unit raised $150 million from DBS Group Holdings Ltd. in a bilateral loan. In March, Fitch Ratings removed Adani Energy from a rating watch and assigned it a negative outlook, citing moderating risks associated with the group's liquidity. 'The Adani group has demonstrated adequate funding access' since the US bribery charges, Fitch said in a statement.
Mint
3 days ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project 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 company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator.
India Gazette
3 days ago
- Business
- India Gazette
Adani Energy Solutions secures Rs 1,660 crore transmission project in Maharashtra to boost green power evacuation
Ahmedabad (Gujarat) [India], May 30 (ANI): Adani Energy Solutions Ltd (AESL) announced on Friday that it has won a significant Rs 1,660 crore inter-state transmission project in Maharashtra. The project aims to facilitate green energy evacuation from the Raigad region. AESL is a private-sector transmission and distribution company and part of the Adani Group. The project, awarded under the Tariff-Based Competitive Bidding (TBCB) mechanism and coordinated by REC Power Development and Consultancy Ltd (RECPDCL), will be implemented through a Special Purpose Vehicle (SPV) named WRNES Talegaon Power Transmission Ltd, which has now been formally transferred to AESL, the company said in a release. The transmission project involves creating 3,000 megavolt-amperes (MVA) of substation capacity and associated infrastructure. It is expected to be commissioned by January 2028, it said. Once completed, the project will support the evacuation of 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSPs) in the region, catering to the growing electricity demand in Mumbai and adjoining areas. This latest contract win takes AESL's overall transmission network to 26,696 circuit kilometers (ckm) and transformation capacity to 93,236 MVA. More notably, it boosts the company's transmission order book to approximately Rs 61,600 crore. 'The development underlines AESL's growing role in India's energy transition, as it continues to expand its footprint in sustainable infrastructure while contributing to the country's renewable energy goals,' the AESL release added. (ANI)
Mint
3 days ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project 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 company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. AESL, part of the Adani portfolio, is a multi-dimensional organisation with a presence in various facets of the energy domain, like power transmission, distribution, smart metering, and cooling solutions.
