ADANI POWER LTD Q4 RESULTS
JSW, Vedanta, Adani among companies keen to buy GVK Energy's asset
JSW Energy, Adani Power, and Vedanta are among the companies vying for GVK Energy's 330 MW Alaknanda hydro power project in Uttarakhand, as insolvency proceedings against GVK Energy move forward. Several other firms, including Torrent Power and Jindal Steel & Power, have also expressed interest in acquiring the plant.
India revokes grid access for 17 GW of clean energy projects, says source
India has cancelled grid access for 17 GW of delayed clean energy projects, prioritizing operational and near-completion projects amidst surging power demand. This action, impacting companies like Adani Green and ReNew Power, aims to streamline grid rules and ensure uninterrupted electricity supply. The country is striving to achieve its ambitious 500 GW non-fossil fuel target by 2030.
Adani Power shares surge 5% after JV for 570 MW hydropower project in Bhutan
Adani Power shares jumped 5% to Rs 640.55 after the company signed a shareholders’ agreement with Bhutan’s Druk Green Power Corporation to set up a 570 MW hydroelectric project at Wangchhu. Signed on September 5, the pact involves forming a joint entity, marking Adani Power’s strategic entry into Bhutan’s hydropower sector and expanding its renewable energy footprint abroad.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
Vedanta shares in focus as co emerges as highest bidder for Jaiprakash Associates
Vedanta Share Price: Vedanta emerged as the highest bidder for debt-laden Jaiprakash Associates with an NPV offer of Rs 12,505 crore. The plan involves a Rs 4,000 crore upfront payment and staggered payouts over five to six years. The company’s bid beat out other competitors, including Adani Group, Dalmia, Jindal Power, and PNC Infratech, in a challenge process conducted by the resolution professional.
Stocks in news: Hyundai India, Vedanta, Adani Power, Tata Motors, Aurobindo Pharma
Indian markets remained mostly stable on Friday, with several companies making headlines. Hyundai India will reduce prices following GST reforms, while Adani Power will develop a hydroelectric project in Bhutan. Vedanta's bid for Jaiprakash Associates includes a staggered payment plan, and Tata Motors will pass on GST benefits to commercial vehicle customers.
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SpiceJet to unground 10 aircraft by April 2026, expansion underway to meet market demand
SpiceJet aims to restore grounded aircraft by April 2026, including several Boeing 737 NG, MAX, and Q400 planes. The airline has secured maintenance slots and dispatched engines for repair. SpiceJet received overhauled engines from StandardAero. SpiceJet raised funds and finalized a lease for ten Boeing 737s.
Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 years
Vedanta Ltd has emerged as the highest bidder for debt-ridden Jaiprakash Associates Ltd (JAIL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the balance over 5-6 years. This acquisition complements Vedanta's existing businesses and leverages JAL's assets in power, real estate, and mining.
Adani Group looks to invest USD 60 bn in power, RE sectors till FY32
Adani Group plans to invest approximately USD 60 billion in the power sector by FY32, with a significant focus on renewable energy expansion. The group aims to increase its renewable energy capacity to 50 GW by FY30, investing USD 17 billion in transmission and distribution capabilities. Adani Power will invest USD 22 billion to reach a 41.
Adani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan
Adani Power and Druk Green Power Corporation (DGPC) have partnered to develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an investment of approximately Rs 6,000 crore. This project will meet Bhutan's winter power demand and export surplus energy to India during summer.
Mid-size housing projects set to gain most from GST rationalisation, says Amit Mamgain
The Goods and Services Tax rate change on cement and construction materials may help mid-size housing projects. Amit Mamgain of Yugen Infra says lower taxes will help developers and buyers. Metro cities may see more demand. Affordable housing will not change much. New rates may start after September 22, 2025.
Adani Power sets 41 GW thermal goal by 2032
Adani Power has significantly increased its thermal power capacity addition target to 41 GW by 2032, driven by the government's push for increased thermal capacity. The company plans to invest ₹1.8 lakh crore, primarily funded through internal accruals, to achieve this expansion.
Adani Power to set up 570 MW hydro power project in Bhutan in partnership with Druk Green Power
Adani Power and Druk Green Power Corporation Limited have signed an agreement for a 570 MW hydroelectric project in Bhutan. The Wangchhu project aims to meet Bhutan's winter power demand. It will also export surplus power to India during summer. Construction is expected to start in 2026. The project is targeted for completion within five years.
Bhutan, India ink 570 MW Wangchhu hydropower project deal
Bhutan's Prime Minister Tshering Tobgay hailed the Wangchhu Hydropower Project agreement with Adani Power Ltd. as a historic step in Bhutan-India's clean energy collaboration. During his India visit, which included diplomatic meetings and spiritual engagements, he met with EAM S Jaishankar, reaffirming the strong partnership between the two nations.
Vedanta to pour Rs 17,000 cr into Jaiprakash Associates, beats Adani bid
Vedanta won the bid for Jaiprakash Associates with a ₹17,000-crore offer. It outbid Adani Enterprises in the insolvency battle. The deal involves major cement facilities. Only Vedanta and Adani submitted binding offers. Other suitors like Jindal Power and Dalmia Bharat did not participate. The Committee of Creditors will review Vedanta's winning bid. The resolution process for Jaiprakash Associates faced delays.
Demon Slayer Infinity Castle tickets are now available in India, but there’s a catch
Advance booking has commenced for Demon Slayer: Infinity Castle on BookMyShow, with screenings limited to select theaters from September 12-14. This first film adapts the final arc, depicting Muzan Kibutsuji's assault and the Demon Slayer Corps' ultimate battle. Available in Japanese and English, it promises breathtaking visuals and emotional depth, featuring new theme songs by Aimer and LiSA.
Vedanta beats Adani for acquisition of Jaiprakash Associates
Vedanta Group has emerged as the winning bidder for the debt-ridden Jaiprakash Associates (JAL), surpassing Gautam Adani's Group in a competitive acquisition process. The mining conglomerate's bid of Rs 17,000 crore translated to a net present value of Rs 12,505 crore. JAL, facing insolvency proceedings due to loan defaults, attracted multiple bidders, with Vedanta ultimately securing the deal.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Adani Power gets shareholder nod for 1:5 stock split
Adani Power received shareholder approval for a 1:5 stock split, as announced in a postal ballot on August 1, 2025. This decision, aimed at enhancing retail investor participation, will subdivide each Rs 10 share into five shares of Rs 2 each. Post-split, the number of equity shares will increase significantly, while the company's capital structure remains unchanged.
NTPC shares in focus after Tanda Thermal Power Station Stage-I shutdown
NTPC shares are set to be in focus after the state-run power producer announced the permanent closure of its Tanda Thermal Power Station, Stage I, effective September 1. The facility comprised four units of 110 MW each. The shutdown, approved by the competent authority and communicated to the CEA, aligns with NTPC’s ongoing portfolio optimisation strategy.
Broadcom Q3 earnings beat expectations driven by AI revenue - can its custom chips challenge Nvidia?
AVGO stock: Broadcom's fiscal third-quarter earnings exceeded expectations, fueled by robust AI demand. The company anticipates even higher revenue in the current quarter, driven by custom AI accelerators, networking components, and VMWare software. While shares remained mostly flat, investor optimism persists regarding Broadcom's potential to challenge Nvidia's market share in AI chips.
Race for investment in JP Power ahead of parent auction today
Adani Power, Kotak Alternate Assets, Vedanta, and Oaktree are vying for JP Power's ₹3,800 crore CCPS, potentially gaining a 25% stake and triggering an open offer for a controlling share. This move could give the winning bidder an edge in acquiring parent company Jaiprakash Associates, which is up for auction with a base price of ₹12,000 crore.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
Treasury chaos: 30-year yield soars past 4.97% as US faces tariff refund threat
Treasury yields moved higher as investors worried about the future of U.S. tariffs after a key court ruling. The 30-year yield crossed 4.97%, its highest in weeks, while global bond markets also saw a sharp rise. The case over Trump tariffs has now created fresh questions for Wall Street, government revenue, and market stability.
Adani Power gets Coal Ministry clearance to start mining at MP's Dhirauli block
Adani Power gains coal ministry's nod for Dhirauli mine in Madhya Pradesh. Mahan Energen Ltd will manage the mine. It will fuel Adani's Mahan power plant, undergoing expansion. The mine boasts 620 MMT reserves and a 6.5 MTPA peak production capacity. This move strengthens Adani's raw material security. The company aims for responsible mining practices.
Jensen Huang just dropped 8 shocking quotes that could redefine Nvidia's future
Nvidia CEO Jensen Huang shared big ideas about the company’s future. He talked about AI growth, robotics, supercomputers, and huge business chances in China. Nvidia is already the biggest tech company in the stock market, and it wants to grow even more with new AI tools and faster chips that can power the next generation.
Adani Power shares jump 2% on Rs 10,500 crore investment for 800 MW thermal power project in MP
Adani Power secured a Letter of Award from MPPMCL to develop an 800 MW Ultra-supercritical thermal power project in Madhya Pradesh, involving an investment of Rs 10,500 crore. The company emerged as the lowest bidder, offering a tariff of Rs 5.838 per unit.
Adani Power to develop 800 MW thermal power plant in Madhya Pradesh for Rs 10,500 cr
Adani Power secures a major deal. It will supply power to Madhya Pradesh. The project involves setting up an 800 MW plant. This plant will be in Anuppur district. Adani Power will invest Rs 10,500 crore. The company won a competitive bid. The plant will be commissioned in 54 months. This move strengthens India's energy security.
Adani Power gets LoA for 2,400 MW thermal power project in Bihar
Adani Power has secured a Letter of Award from Bihar State Power Generation Company Ltd. to supply electricity for 25 years. The company will invest USD 3 billion to establish a 2,400 MW ultra-supercritical power plant in Bhagalpur district, Bihar. This project aims to meet India's growing power demand and generate employment opportunities.
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