MSCI skips Adani Energy's inclusion in Nov rebalancing

12 Nov 2024 CW Team

Adani Energy Solutions share price plunged 9 % to Rs 975 on the BSE in Thursday's intraday trade on profit booking after the stock failed to make it to the MSCI India index. In the past two days, the stock of the Adani Group firm had rallied 11 % on hopes that it may get included in the MSCI India Standard index. Notably, the MSCI November rebalancing was announced earlier today. The Bombay Stock Exchange Ltd. (BSE), Voltas, Alkem Laboratories, Oberoi Realty, and Kalyan Jewellers were included in the MSCI Global Standard Index as part of the index provider's latest review. The changes in constituents will take place as of the close of November 25, 2024.MSCI attributed the non-inclusion for Adani Energy Solutions to concerns surrounding its free float. "As per publicly available disclosures, Adani Energy Solutions has been issued a show cause notice by the Securities Exchange Board of India (Sebi) for potential wrongful categorisation of shareholding of certain entities," MSCI said in its statement. Consequently, in light of the uncertainty regarding its free float, MSCI will not implement any increases in the Number of Shares (NOS), Foreign Inclusion Factor (FIF) and Domestic Inclusion Factor (DIF) for Adani Energy Solutions as part of the November 2024 Index Review and until otherwise announced, it added. MSCI further said it continues to monitor Adani Group and associated securities, including related to free float, and will issue further communication if appropriate

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

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GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..