NSE:ADANIENSOL

SEBI Settles With Five Adani Group Firms Over Disclosure Violations

The Securities and Exchange Board of India (SEBI) has settled adjudication proceedings against five Adani Group companies, which paid a total of 15.1 million Indian rupees for alleged violations related to the disclosure of related-party transactions and audit and limited review reports.The settlement follows an examination by the Indian capital markets regulator into allegations and corporate governance issues highlighted in a January 2023 report of Hindenburg Research, including possible violations of listing regulations and the erstwhile listing agreement.Under the terms of the settlement, Adani Enterprises (NSE:ADANIENT, BOM:512599) paid 7.6 million rupees, while Adani Green Energy (NSE:ADANIGREEN, BOM:541450) paid 4.6 million rupees, and Adani Total Gas (NSE:ATGL, BOM:542066), AWL Agri Business (NSE:AWL, BOM:543458) and Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) paid 975,000 rupees each.The companies settled the cases without admitting or denying the findings of fact or conclusions of law.

Adani Energy Solutions Unit Signs 25-Year Deal for 2,500 MW RTC Power

Adani Energy Solutions' (BOM:539254, NSE:ADANIENSOL) wholly owned subsidiary Powerpulse Trading Solutions has signed a power purchase agreement with Maharashtra State Electricity Distribution for 2,500 MW of round-the-clock power for 25 years, according to a Tuesday exchange filing.The agreement follows Adani Power's (BOM:533096, NSE:ADANIPOWER) assignment of rights and obligations under a letter of award issued by MSEDCL to Powerpulse Trading Solutions.

Adani Energy Solutions Wins INR47 Billion Maharashtra Transmission Project

Adani Energy Solutions (BOM:539254, NSE:ADANIENSOL) won a transmission project in Maharashtra with an estimated capital expenditure of about 47 billion rupees to evacuate up to 4,500 MW of renewable and storage power, according to a Wednesday exchange filing.The project, awarded through tariff-based competitive bidding, will add 562 circuit km of transmission lines and 9,000 MVA of transformation capacity to the company's portfolio.It is expected to be completed within 36 months, taking AESL's transmission order book to about 850 billion rupees.Shares of the power transmission and distribution company rose nearly 1% in recent trade.

Adani Energy Confirmed by India Ratings at AA+

India Ratings and Research affirmed its AA+ long-term issuer rating on Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254).The rating outlook is stable, according to an Indian bourse filing on Wednesday.

Adani Energy Solutions Sets Floor Price for QIP

Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) has set floor price for its qualified institutions placement at 1,698.15 Indian rupees per share.The issue opened on July 27, according to a same-day filing on Indian bourses.Shares of the company fell over 2% in recent trade.

Diamond Power Wins INR2.18 Billion Aluminium Alloy Conductors Order

Diamond Power Infrastructure (NSE:DIACABS, BOM:522163) has received a letter of award worth 2.18 billion Indian rupees, including GST, from Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) to supply aluminium alloy conductors for two transmission projects.The contract covers the supply of 1,050 km of AL59 Moose conductors for the Tuticorin project and 3,770 km of AL59 Zebra conductors for the Pune-III project, to be delivered between July 2026 and February 2027, according to an Indian bourse filing on Thursday. Deliveries are scheduled between July 2026 and February 2027.Shares of the company fell over 2% in recent trade.

JM Financial Upgrades Adani Energy Solutions to Buy from Add; Price Target is INR1,968

Adani Energy Solutions (BOM:539254, NSE:ADANIENSOL) has an average rating of overweight and mean price target of 1,498 Indian rupees, according to analysts polled by FactSet.

Adani Energy Solutions Receives CRISIL ESG Score of 65

Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) said CRISIL has assigned it an ESG score of 65, according to a Tuesday Indian stock exchange filing.Shares of the company rose nearly 3% in recent trade.

Adani Energy Solutions Forms Seven Wholly-Owned Subsidiaries as Electric Utilities

Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) has incorporated seven wholly-owned subsidiaries to function as electric utilities, according to a Monday filing to the Indian stock exchanges.The new subsidiaries, Sunrays Step I, Sunrays Step II, Sunrays Step III, Arasan Step I, Arasan Step II, Arasan Step III, and Arasan Step IV, have been incorporated with a paid-up share capital of 500,000 Indian rupees.They will carrying on the business of production, generation, conversion, transformation, transmission, processing, storing, supply and distribution of electricity.

Adani Energy Solutions Appoints CFO

Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) has appointed Ashok Jagetiya as the chief financial officer and key managerial personnel of the company, with effect from May 31, according to a Saturday filing to the Indian stock exchanges.He takes over from Kunjal Mehta, who resigned from the role at the close of business hours on May 30, citing personal reasons

Jefferies Adjusts Adani Energy Solutions' Price Target to INR1,665 from INR1,170, Keeps at Buy

Adani Energy Solutions' Consolidated Profit Grows in Fiscal Q4

Adani Energy Solutions' (NSE:ADANIENSOL, BOM:539254) consolidated attributable profit rose to 6.84 billion Indian rupees in the fiscal fourth quarter ended March 31 from 6.47 billion rupees a year ago.The power transmission company's earnings per share came in at 5.69 rupees from 5.50 rupees a year ago, according to a Thursday filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also increased to 74.4 billion rupees from 63.7 billion rupees a year ago.

Adani Energy Solutions Unit Commissions 1,000 MW HVDC Link

Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) said its subsidiary, Adani Electricity Mumbai Infrastructure, has commissioned a 1,000 MW high-voltage direct current transmission link between Kudus and Aarey, according to an Indian bourse filing by the company.The project includes a 30 km overhead line and a 50 km underground corridor designed for urban deployment, the filing said.The added capacity is expected to strengthen grid reliability and reduce dependence on in-city power generation, the company said in the filing.Shares of the company fell nearly 1% in Wednesday's trade.