Most Adani Group companies are yet to fully recover from the damage done by the Hindenburg Research report. While their financials have improved during this period, investors seem to be cautious as valuations still look stretched.
Adani Group has signed four Memorandums of Understanding (MoUs) with the Telangana government for an investment of over Rs 12,400 crore at the World Economic Forum 2024. The deals include investments from Adani Enterprises, Adani Green Energy, Ambuja Cements and Adani Defence Systems & Technologies. The CM at Davos to attract investments to Telangana and promote collaboration between enterprises, governments, and stakeholders.
Adani Enterprises has been awarded a Letter of Award (LoA) from the Solar Energy Corporation of India for establishing manufacturing capacity for electrolysers in India under the Strategic Interventions for Green Hydrogen Transition Scheme. The incentive, amounting to Rs 293.78 crore, will be allocated over five years from the scheduled commissioning date.