Latest news with #Khavda
Yahoo
24-06-2025
- Business
- Yahoo
No one from Adani charged with US graft: chairman
Adani Group chairman Gautam Adani denies any wrongdoing in response to US allegations of bribery, telling shareholders that no individual from the group has been charged under foreign corruption laws. "Despite all the noise, the facts are that no one from the Adani Group has been charged with violating the FCPA (Foreign Corrupt Practices Act) or conspiring to obstruct justice," the billionaire said at the company's annual general meeting on Tuesday. "Even in the face of the storms and relentless scrutiny, the Adani Group has never backed down," he said. In November, US authorities indicted Adani and several executives, alleging they paid bribes to secure Indian power contracts and misled US investors. The Adani Group has rejected the allegations as "baseless" and said it was co-operating with legal processes. Adani Group and its 13 offshore investors have been facing an investigation by the Securities and Exchange Board of India since Hindenburg Research in 2023 alleged the group's improper use of tax havens. The group has consistently denied any wrongdoing. The company, which is building the world's largest renewable energy park in Khavda, western India, aims to install 50 gigawatts of renewable capacity by 2030. With combined thermal, renewable and pumped hydro assets, Adani Group expected to reach a total power generation capacity of 100GW by 2030, Adani said. Adani also announced a record capital expenditure plan, saying the group expects to invest between $US15 billion ($A23 billion) and $US20 billion annually over the next five years. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Al Arabiya
24-06-2025
- Business
- Al Arabiya
Indian billionaire Adani says no one from group charged with US FCPA violation
Adani Group Chairman Gautam Adani on Tuesday denied any wrongdoing in response to US allegations of bribery, telling shareholders that no individual from the group has been charged under the US Foreign Corrupt Practices Act (FCPA). 'Despite all the noise, the facts are that no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice,' Adani said at the company's annual general meeting. 'Even in the face of the storms and relentless scrutiny, the Adani Group has never backed down,' he said. In November, US authorities indicted Adani and several executives, alleging they paid bribes to secure Indian power contracts and misled US investors. The Adani Group has rejected the allegations as 'baseless' and said it was cooperating with legal processes. Adani Group and its 13 offshore investors have been facing an investigation by the Securities and Exchange Board of India (SEBI) since Hindenburg Research in 2023 alleged the group's improper use of tax havens. The group has consistently denied any wrongdoing. The company, which is constructing the world's largest renewable energy park in Khavda, western India, aims to install 50 gigawatts (GW) of renewable capacity by 2030. With combined thermal, renewable and pumped hydro assets, Adani Group expects to reach a total power generation capacity of 100 gigawatts by 2030, Adani said. Adani also announced a record capital expenditure plan, saying the group expects to invest between $15 billion and $20 billion annually over the next five years.
Time of India
06-06-2025
- Business
- Time of India
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project . In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd , a wholly-owned subsidiary of NTPC Green Energy , is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
Time of India
06-06-2025
- Business
- Time of India
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project . In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd , a wholly-owned subsidiary of NTPC Green Energy , is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise Store, Up To 50% Off Original Adidas Shop Now Undo With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
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Business Standard
06-06-2025
- Business
- Business Standard
NTPC hits 80,265 MW capacity after commissioning 110 MW Khavda project
In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project. In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy, is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
