+
Adani Stocks Surge Amid Market Rally
ECONOMY & POLICY

Adani Stocks Surge Amid Market Rally

Shares of nine out of ten Adani Group companies surged, with Adani Energy Solutions leading the rally, climbing nearly 7% in early trade. The upward trend mirrored a broader market surge, with the BSE Sensex gaining 1,330.17 points to reach 80,447.28 and the NSE Nifty advancing 438 points to 24,345.25.

Key Performances Adani Energy Solutions: +6.89% Adani Green Energy: +6.42% Adani Total Gas: +5.33% Adani Ports: +4.64% Adani Power: +4.17% Adani Enterprises: +4% Adani Wilmar: +3.23% ACC: +3% Ambuja Cements: +2.71% However, NDTV shares dipped by 2%, making it the sole decliner among the group’s listed firms.

Kenya Airport Deal Controversy Over the weekend, the Adani Group responded to reports that Kenya canceled deals worth over $2.5 billion following allegations of bribery in the U.S. The group clarified it had not entered into any binding agreements to operate Kenya's main airport.

Adani Enterprises, which oversees the group's airport ventures, stated it had incorporated a subsidiary in Kenya in August to modernize and manage airports. However, no definitive contracts were signed.

In response to allegations of a canceled electricity transmission project in Kenya, the group explained the deal did not require disclosure under Indian market regulations, as no binding agreements had been finalized.

This clarification comes amid increased scrutiny after Kenyan President William Ruto reportedly ordered the cancellation of procurement processes linked to the project.

Shares of nine out of ten Adani Group companies surged, with Adani Energy Solutions leading the rally, climbing nearly 7% in early trade. The upward trend mirrored a broader market surge, with the BSE Sensex gaining 1,330.17 points to reach 80,447.28 and the NSE Nifty advancing 438 points to 24,345.25. Key Performances Adani Energy Solutions: +6.89% Adani Green Energy: +6.42% Adani Total Gas: +5.33% Adani Ports: +4.64% Adani Power: +4.17% Adani Enterprises: +4% Adani Wilmar: +3.23% ACC: +3% Ambuja Cements: +2.71% However, NDTV shares dipped by 2%, making it the sole decliner among the group’s listed firms. Kenya Airport Deal Controversy Over the weekend, the Adani Group responded to reports that Kenya canceled deals worth over $2.5 billion following allegations of bribery in the U.S. The group clarified it had not entered into any binding agreements to operate Kenya's main airport. Adani Enterprises, which oversees the group's airport ventures, stated it had incorporated a subsidiary in Kenya in August to modernize and manage airports. However, no definitive contracts were signed. In response to allegations of a canceled electricity transmission project in Kenya, the group explained the deal did not require disclosure under Indian market regulations, as no binding agreements had been finalized. This clarification comes amid increased scrutiny after Kenyan President William Ruto reportedly ordered the cancellation of procurement processes linked to the project.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code