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In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of ...
U.S. prosecutors say Adani, his nephew Sagar Adani and others bribed Indian officials to gain business advantages in renewable energy projects in India that benefited Adani Green and a company ...
Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone rupee and dollar bonds are now on "watch negative", Fitch said in a statement.
Adani Transmission was founded by Gautam Adani in December 2015 after separating the decade-old transmission business from Adani Enterprises. [5] At the time of the founding, the company became the primary custodian for more than 3800 circuit kilometers of transmission lines originating from the Mundra Thermal Power Station, connecting Mundra–Dehgam, Mundra–Mohindergarh and Tirora–Warora.
Adani’s co-defendants include his nephew Sagar Adani, the executive director of Adani Green Energy’s board, and Vneet Jaain, who was the company’s chief executive from 2020 to 2023 and ...
On 25 October, Kenyan court suspended $736 million deal between Kenya Electrical Transmission Company and Adani Group's Adani Energy Solutions. [152] In October 2024, former Prime Minister of Kenya, Raila Odinga said he was introduced to Adani Group by Narendra Modi who organised a visit by Kenyan delegation to the projects of the company. [153]
NEW DELHI (Reuters) -Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ...
Adani Cement or Adani Cement Industries Limited (ACIL) is a cement company based in Gujarat, India. It was incorporated by Adani Group on June 11, 2021. [ 25 ] Adani Cement is wholly-owned subsidiary of Adani Enterprises and has not begun its business operations.