+
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.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?