{"id":5451,"date":"2024-12-12T14:22:47","date_gmt":"2024-12-12T08:52:47","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5451"},"modified":"2024-12-12T14:22:49","modified_gmt":"2024-12-12T08:52:49","slug":"adani-group-stocks-rally-adding-rs-27000-crore-to-market-cap","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/adani-group-stocks-rally-adding-rs-27000-crore-to-market-cap\/","title":{"rendered":"Adani Group Stocks Rally, Adding Rs 27,000 Crore to Market Cap"},"content":{"rendered":"\n

Adani Group stocks witnessed a sharp uptrend on December 12, with Adani Green Energy leading the rally, contributing to a rise of Rs 27,000 crore in the group\u2019s market capitalization.<\/p>\n\n\n\n

Adani Green Energy shares surged 7.2% to Rs 1,232 on the NSE after the company\u2019s arm commissioned a 250 MW solar power project in Rajasthan. This new addition brings the firm\u2019s total operational renewable energy capacity to 11,434 MW.<\/p>\n\n\n\n

Other Adani stocks, including Adani Power, Adani Total Gas, NDTV, and Adani Ports, also gained 2-5%. The only exception was Ambuja Cements, which saw a slight decline of 0.3%. The collective gains pushed the group\u2019s market capitalization to approximately Rs 13.6 lakh crore.<\/p>\n\n\n\n

Refinancing Talks Underway<\/h3>\n\n\n\n

According to Mint, which cited people close to the development, Adani Green Energy is talking to several investors, both local and foreign, about refinancing $1.1 billion of loans due this March. The loans are projects backed by 25-year power purchase agreements, offering strong cash flows.<\/p>\n\n\n\n

The Adani group also remains under scrutiny after the recent market rally following allegations filed by US prosecutors. Charging that founder Gautam Adani and others orchestrated a bribery scheme to win solar contracts in India, the allegations cost $250 million. Charged with lying to US investors as well as tampering with evidence in an effort to obstruct justice, among charges against them. In a suit that accompanied the criminal filings, the SEC separately sought a civil lawsuit against the Group.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a><\/p>\n\n\n\n

Source: Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"

Adani Group stocks witnessed a sharp uptrend on December 12, with Adani Green Energy leading the rally, contributing to a rise of Rs 27,000 crore in the group\u2019s market capitalization. Adani Green Energy shares surged 7.2% to Rs 1,232 on the NSE after the company\u2019s arm commissioned a 250 MW solar power project in Rajasthan. […]<\/p>\n","protected":false},"author":1,"featured_media":5452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[799],"class_list":["post-5451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-adani-group-stocks"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5451"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5451\/revisions"}],"predecessor-version":[{"id":5453,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5451\/revisions\/5453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5452"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}