Adani Green finds no irregularities in internal review of US bribery charges
Author: PPD Team Date: May 1, 2025
Author: PPD Team Date: May 1, 2025
Adani Green Energy has announced that its independent review into the US indictment of its founder and senior executives has found no evidence of non-compliance or irregularities.
In a filing to the stock exchange, the company stated that it had appointed independent law firms to conduct a thorough review of the allegations. This review aimed to assess whether there were any non-compliances related to the case. The result of the review confirmed that no such irregularities were found.
The US authorities had indicted Gautam Adani and top executives in November 2024, accusing them of being involved in a $250 million bribery scheme to secure power contracts and mislead US investors. In response, Adani Green Energy initiated its review in January 2025 to ensure transparency and governance.
The company has expressed confidence that the ongoing US legal proceedings will not have a material impact on the business or the group’s operations.
Author: PPD Team Date: May 29, 2025 The Ministry of Mines has completed the fifth tranche of auctions, successfully awarding 10 blocks containing critical and strategic minerals across six states. The auctioned blocks include graphite, phosphorite, phosphate, rare earth elements (REE), vanadium, potash, and halite. These are located in Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, and Uttar Pradesh. Coal India Limited (CIL) secured the Oranga-Revatipur block in Chhattisgarh, which holds graphite and vanadium, with the…
Author: PPD Team Date: November 21, 2024 GE Vernova, Inc. has announced a definitive agreement to acquire Woodward, Inc.’s heavy-duty gas turbine combustion parts business in Greenville, South Carolina. The acquisition aligns with GE Vernova’s strategy to invest in U.S. manufacturing and strengthen its domestic supply chain to meet the growing global demand for heavy-duty gas turbines and upgrades. Eric Gray, President & CEO of GE Vernova’s Gas Power business, emphasized the importance of integrating…
Author: PPD Team Date: January 16, 2025 Premier Energies Limited’s subsidiaries, Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, secured contracts worth Rs 1.46 billion for solar module and cell supply in India on January 14, 2025. The companies won Rs 10.41 billion for solar modules and Rs 4.19 billion for solar cells. Module supplies are expected to begin in May 2025.
Author: PPD Team Date: November 26, 2024 National Grid Renewables has signed a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project in St. Clair County, Illinois. Construction is slated to start in 2025, expanding the company’s solar capacity in Illinois to 350 MW, including the Prairie Wolf solar project in Coles County. The Bee Hollow project is expected to generate $34 million in economic…
Author: PPD Team Date: October 21, 2024 JSW JFE Electrical Steel Pvt Ltd has finalized the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (tkES India) for Rs 40.51 billion. This move enables JSW-JFE to enter the grain-oriented electrical steel (GOES) business, aligning with their plans to expand into this crucial sector. tkES India, based in Nashik, Maharashtra, is one of India’s pioneers in GOES manufacturing. The acquisition is being carried out through Jsquare Electrical…
Author: PPD Team Date: July 10, 2025 JSW Energy Limited (JSWEL) has commissioned a total of 261 MW in wind and solar capacity. This includes 189 MW of solar and 72 MW of wind projects, pushing the company’s total installed capacity to 12,760 MW. This expansion brings JSW Energy’s total additions for the first quarter of FY 2025-26 to 1.9 GW. The growth includes both organic and inorganic additions. Renewables now account for 56 per…