Adani Group Plans Strategic Split of Jaypee Assets After Insolvency Takeover The Adani Group has outlined plans to restructure Jaypee assets following its acquisition of the company through an insolvency process. The deal grants the Adani Group control over a wide range of assets, including cement plants, power generation facilities, large landholdings in the Delhi-National Capital Region, and the Buddh International Circuit, a renowned Formula One racing track. The acquisition, valued at Rs 14,535 crore, surpasses Vedanta’s previous staggered offer, marking a significant shift in the ownership structure of Jaypee’s assets. The resolution plan, which includes the integration of homebuyers’ claims worth Rs 2,074 crore, aims to address outstanding obligations while enabling the Adani Group to reorganize the assets for long-term profitability. The strategic split of Jaypee’s portfolio is expected to allow the Adani Group to focus on core sectors such as infrastructure, energy, and real estate, while divesting non-core holdings. This approach aligns with the group’s broader strategy to streamline operations and enhance value creation. The acquisition comes amid heightened competition in the infrastructure and energy sectors, where Adani has already established a strong presence. By acquiring Jaypee’s assets, the group aims to consolidate its market position and leverage synergies across its diverse business lines. The Buddh International Circuit, in particular, represents a unique opportunity to capitalize on the growing interest in motorsports and entertainment ventures. The deal also highlights the complexities of insolvency resolution in India, where balancing the interests of creditors, stakeholders, and operational continuity remains a challenge.#adani_group #jaypee #buddh_international_circuit #delhinational_capital_region #insolvency_resolution
Adani Power share price surges up to 4.5% as the company secures a Letter of Award for 1,600 MW long-term power supply Shares of Adani Power (APL) rose as much as 4.55% to ₹153.25 on the NSE on March 16, 2026, following the announcement of a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). The LoA pertains to the supply of 1,600 MW of power from one of Adani Power’s upcoming ultra-supercritical thermal power projects (USCTPP). The company highlighted that the LoA was secured through a competitive bidding process, where it emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30 per kilowatt-hour. The power supply under the proposed 25-year Power Supply Agreement (PSA) is set to commence in the financial year 2030-31. This marks another significant milestone for Adani Power, which has already secured five long-term PSA bids during FY25-26, totaling 10,400 MW of capacity. The company emphasized that this achievement aligns with the renewed investment surge in the thermal power sector and underscores its role as a leading provider of new-generation capacity. Adani Power has now tied up long-term PSAs for 13.3 GW of its 23.8 GW under-implementation pipeline, representing a major step toward its goal of securing nearly its entire capacity under such contracts. Over 95% of the company’s current operating capacity of 18.15 GW is already under medium-to-long-term PSAs, while more than 55% of its upcoming 23.8 GW capacity is secured under 25-year PSAs. The MSEDCL bid includes a pre-determined coal linkage, ensuring long-term fuel security and supporting a reliable, cost-effective power supply. Adani Power, a flagship entity of the Adani Group, is the largest private thermal power producer in India.#adani_power #adani_group #misedcl #sb_khyalia
Supreme Court Refuses to Intervene in Journalist's Petition Against Ahmedabad Crime Branch Notice The Supreme Court has declined to intervene in a petition filed by journalist Ravi Nair, who challenged a summons notice issued by the Ahmedabad Crime Branch. The notice, dated February 12, was linked to an article co-authored by Nair titled “India’s $3.9 billion plan to help Modi’s mogul ally after U.S. charges,” published in The Washington Post. The court directed Nair’s legal team to approach the Gujarat High Court instead of the Supreme Court. A bench comprising Justices Vikram Nath and Sandeep Mehta permitted Nair to withdraw his petition without addressing his oral request for protection against potential coercive actions. The petitioner, represented by senior advocate Anand Grover and advocate Paras Nath Singh, argued that the notice aimed to criminalize journalistic work conducted in good faith and in the public interest. The petition claimed the article revealed how Indian officials drafted a proposal in May 2025 to channel approximately $3.9 billion in investments to Adani Group businesses from the Life Insurance Corporation of India (LIC), a state-owned entity responsible for life insurance for poor and rural families. Nair’s legal team asserted that the February 12 notice sought to criminalize his reporting, which was based on internal documents from LIC and the Indian Department of Financial Services (DFS), interviews with officials, and insights from three Indian bankers. All sources spoke anonymously due to fears of professional retaliation. The petition emphasized that Nair and his co-author had followed due diligence, reviewing documents in line with journalistic standards. They also sought responses from the Adani Group, LIC, DFS, and the Prime Minister’s Office.#supreme_court #adani_group #ahmedabad_crime_branch #ravi_nair #gujarat_high_court
Adani Total Gas Reduces Excess Gas Price For Industries By Nearly 30% Adani Total Gas Limited announced a significant reduction in the price of excess natural gas supplied to industrial customers, lowering the rate from Rs 119.90 per standard cubic metre (SCM) to Rs 82.95 per SCM. The revised pricing will take effect from 6:00 am on March 16. The company attributed the adjustment to declining upstream gas prices, which have softened amid ongoing supply disruptions linked to the West Asia crisis. The price cut is part of Adani Total Gas’s efforts to pass on cost savings to customers while maintaining stable gas distribution during current supply constraints. Earlier this year, the company had requested industrial and commercial users to limit their gas consumption to 40% of contracted volumes following disruptions in India’s liquefied natural gas (LNG) supplies. These disruptions were caused by the halt in ship movements through the Strait of Hormuz due to the ongoing conflict in the region. Customers exceeding this limit were previously charged spot market rates for additional gas usage. Despite the price reduction for excess gas, Adani Total Gas stated that other terms related to excess supply remain unchanged. The company emphasized that the revision reflects the decline in upstream gas prices while ensuring system stability amid ongoing supply challenges. It also mentioned seeking clarification from GAIL (India) Ltd regarding the 80% supply allocation to industrial customers under existing agreements. In a separate development, Adani Total Gas decided not to raise prices for compressed natural gas (CNG) and piped cooking gas supplied to households, despite supply challenges.#strait_of_hormuz #adani_total_gas #totalenergies #adani_group #gail_india_ltd
Adani Group unit removed from Norway's wealth fund over corruption concerns Adani Green Energy, a subsidiary of the Adani Group, has been excluded from Norway’s sovereign wealth fund following allegations of its involvement in financial misconduct. The decision comes amid an ongoing United States corruption investigation into the company. Norway’s wealth fund, which is the world’s largest, cited concerns about the firm’s alleged ties to illicit financial activities as the reason for its removal. The move underscores growing scrutiny of Adani Green Energy’s business practices, particularly in light of the U.S. probe. The fund’s exclusion of the company reflects heightened awareness of corporate accountability and the potential risks associated with investments in entities under investigation. While the exact nature of the alleged financial crimes remains undisclosed, the action signals a broader trend of regulatory bodies and institutional investors prioritizing transparency and compliance in their portfolios. The Adani Group, a major player in India’s infrastructure and energy sectors, has faced increasing pressure to address allegations of unethical business conduct. This latest development adds to a list of controversies surrounding the company, including past legal disputes and allegations of financial misreporting. The exclusion from Norway’s fund may impact the company’s access to international capital markets and could influence its ability to secure future investments. The decision by Norway’s wealth fund highlights the global implications of corporate governance issues. As regulatory frameworks tighten, companies involved in high-profile investigations face greater challenges in maintaining their reputations and financial standing.#united_states #adani_group #adani_green_energy #norway_wealth_fund #corruption_investigation
