Adani Transmission sells 25.1 per cent stake in arm AEML to QIA for Rs.32.20 bn

Adani Green Energy raises $1.1 bn via warrant issuance to promoters

Adani Green Energy, a renewable energy developer, is set to raise Rs 93.5 billion ($1.1 billion) through the preferential issuance of warrants to its promoters, which include Ardour Investment Holding and Adani Properties. The issuance, approved by the company's board of directors on December 26, 2023, aims to reduce company debt and expedite capital expenditure to achieve the 45 GW renewable capacity target by 2030.

This transaction involves the issuance of 63,143,677 warrants, constituting up to 3.833% of the company's share capital. Each warrant, priced at Rs 1,480.75 (~$17.80) per..

QIA Acquires Over 2.5% Stake in Adani Green Energy

Qatar Investment Authority (QIA), a prominent sovereign wealth fund, has recently obtained a stake in Adani Green Energy Ltd, surpassing 2.5% of the company's ownership with an investment exceeding USD 500 million, as indicated by sources within the industry. The acquisition aligns with QIA's emphasis on environmental, social, and governance (ESG) considerations and marks its second investment in Adani Group enterprises. The initial investment was made in Adani Electricity Mumbai Ltd. (AEML), wherein QIA purchased a 25.1% share in 2020. AEML, a subsidiary of Adani Energy Solutions Ltd, manages..

Builder.ai raises $250m in Series D funding

Builder.ai, an artificial intelligence (AI)-powered composable software firm, has raised $250m in a Series D funding round. The round was led by Qatar Investment Authority (QIA) and included participation from existing investors Iconiq Capital, Jungle Ventures and Insight Partners.

The funding will be used to fuel the company's growth and innovation, including the development of new AI-powered tools and features. Builder.ai will also use the funds to expand its team and open new offices around the world.

"We are excited to partner with QIA and our other investors to acce..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability to..

India's Peak Power Demand to Surge

India is bracing for a substantial increase in peak power demand this May, with the Power Ministry forecasting a daytime peak of 235 GW and an evening peak of 225 GW. This surge underscores the country's escalating energy needs amid rising temperatures and economic activities.

The anticipated peak demand is significantly higher than previous records, reflecting the growing consumption patterns driven by urbanisation, industrial activities, and increased usage of air conditioning. The Ministry's projections are based on data from the Central Electricity Authority (CEA), which monitors a..