NEW DELHI: In a first reaction to the recent US indictments, industrialist Gautam Adani on Saturday dismissed the allegations and said that “every attack makes us stronger.” Speaking at the 51st Gem And Jewellery Awards in Jaipur, Adani said that this was not the first time the group had faced “such challenges.” “As most of…
Adani Group Chairman Gautam Adani MUMBAI/NEW DELHI: Adani Green Energy said Wednesday that Gautam Adani, Sagar Adani and Vneet Jaain have not been charged with any violation of the Foreign Corrupt Practices Act (FCPA) on the counts mentioned in the criminal indictment of the US Department of Justice (DoJ) or the civil complaint of the…
MUMBAI: The US bribery charges against Adani Group relate to a single contract within Adani Green Energy, constituting approximately 10% of its operations, said Adani Group CFO Jugeshinder Robbie Singh on Saturday. Singh emphasised that no other companies within the broader Adani conglomerate are facing allegations of improper conduct. He, however, acknowledged that while the…
US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme to win solar energy contracts in India. India’s capital markets regulator is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter.The Securities and Exchange Board of India has asked…
Solar Energy Corporation of India NEW DELHI: Thirteen-year-old Solar Energy Corporation of India (SECI), the little known miniratna PSU, has seen a massive growth over the last 10 years.From an awarded generation capacity of 0.75 gigawatts (750MW) in 2014-15, it has seen the combined capacity soar to 65.3GW, according to data on its website. Over…
Adani Green Energy Ltd is set to make a substantial investment of approximately Rs 2 lakh crore by 2030 to enhance its renewable energy capacities. The company aims to increase its total renewable energy portfolio to about 45 GW by 2030 from the current 10.9 GW. According to an ET report, the major expansion is…
