![Mahan Energen ceases to be Adani Power’s subsidiary as RIL acquires 26% stake](https://images.assettype.com/fortuneindia%2F2022-05%2F4e024054-ae64-48c5-aa28-4a75f2bb1428%2FAdani_power_plant_Mundra_020A9269_copy.jpg?rect=0,0,3000,1500&w=300&q=95)
Mahan Energen ceases to be Adani Power’s subsidiary as RIL acquires 26% stake
RIL has acquired a 26% stake in a 600 MW unit of MEL's thermal power plant, which is part of MEL's total 2,800 MW capacity
RIL has acquired a 26% stake in a 600 MW unit of MEL's thermal power plant, which is part of MEL's total 2,800 MW capacity
BHEL has secured two orders worth ₹7,000 crore from Adani Power to set up thermal power plants in Raipur and Mirzapur.
The two tycoons have signed an exclusive arrangement for 500 MW of power purchase by Reliance on a long-term basis
BHEL has received an order worth ₹4,000 crore from Adani Power for setting up the 2x800 MW thermal power plant at Raigarh, Chhattisgarh.
The fair trade regulator Competition Commission of India (CCI) approved a 100% acquisition of Lanco Amarkantak Power Limited by the company on March 26.
Between Mar and Sept 2023, only ATGL and AESL added 2,79,021 new subscribers, while AEL, Adani Ports, Adani Green, and Adani Power lost cumulatively 7,28,084 retail shareholders.
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
The Adani group stock touched a 52-week high of ₹410 on September 12, 2023, rebounding over 200% from its 52-week low of ₹132.55 hit on February 28, 2023.
Adani Total Gas shares touched two-year low, while Adani Enterprises extends losing streak for the 9th straight session.
The combined market capitalisation of Adani Group stocks touched ₹11.29 lakh crore on Monday, hitting six months high amid recent investments by Rajiv Jain-led GQG Partners.