Adani loses $13 billion in four days in worst wealth devastation last week

Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raised questions about some offshore investors. The news triggered a stockmarket rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than anyone else in the world, with his personal fortune tumbling by about […]

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Adani Power to acquire 1,200 MW Essar Power’s Mahan project

India’s largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatts (MW) Essar Power’s Mahan Project located at Singrauli district of Madhya Pradesh. The closure of the transaction will however depend on obtaining the necessary approvals from the National Company Law Tribunal (NCLT) and satisfaction of conditions precedent under […]

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Adani Green arm commissions 100 MW solar power plant in Jalalabad, UP

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Adani Green Energy through its subsidiary, Adani Solar Energy Four Private (ASE4PL) commissioned a 100 MW (2×50 MW) solar power plants at Jalalabad in Shahjahanpur district and Sahaswan in Budaun district of Uttar Pradesh. The plants were commissioned almost one month ahead of their scheduled commissioning date, a company statement said. Both the plants have […]

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