Adani Corporation authorizes funds expansion of Rs 4295 crore via specific means; following victory in Rs 1660 crore...
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After the news of Adani Energy winning a significant inter-state transmission project worth Rs 1,660 crore in Maharashtra, the Adani empire expands yet again.
Written by: Street-Smart Scribe
Published: June 02, 2025, 06:32 AM IST
India's tycoon, Gautam Adani, is on a roll, building his business empire through various companies. Latest on the list is Adani Energy Solutions Ltd., which has secured approval to raise USD 502 million or Rs 4295 crore via a stake sale. According to a Bloomberg report, the Adani Group unit's board greenlit the fundraising through 'Qualified Institutional Placement' in one or more tranches, as per an exchange filing on May 31.
As of May 30, Adani Energy Solutions boasts a market cap of Rs 1.04 lakh crore. This announcement comes hot on the heels of Adani Energy's victory in a project worth Rs 1,660 crore in Maharashtra, which aims to transmit 1.5 gigawatts (GW) of green energy from Raigad's new hydro storage plants to Mumbai and surrounding areas.
The project envisions the development of 3,000 Mega Volt-Amperes (MVA) of substations capacity, along with other transmission infrastructure, taking Adani Energy Solutions' total network to 26,696 ckm and 93,236 MVA of transformation capacity, said the Adani Group company in the filing.
A quick reminder: the group's ports unit bagged USD 150 million from DBS Group Holdings Ltd. in a bilateral loan last month. Adani Energy Solutions' shares closed at Rs 867.65, a drop of 1.53%, on the BSE on their last trading day.
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In March, Fitch Ratings reviewed Adani Energy, removing it from a rating watch and assigning it a negative outlook. Despite moderating risks associated with the group's liquidity, Fitch stated that the Adani group has displayed adequate funding access post the US bribery charges.
Gautam Adani's Bank Account
With a real-time net worth of USD 66.2 billion, according to Forbes, Indian billionaire Gautam Adani ranks as the second wealthiest man in India. Adani Group companies, with interests spanning from ports to green energy, are gradually regaining investor confidence after a US indictment rocked the sentiment. In April, the group managed to garner about USD 750 million for an acquisition, with BlackRock Inc. subscribing to about a third of the bond issue.
Latest NewsSports ScuttlebuttShowbiz BuzzBeat the Heat with Lifestyle TipsFollow DNA on WhatsApp. Adani Energy Headlines* Adani Energy stocks* Adani Energy Solutions' share price prediction 2025* Adani Energy investments* Adani Energy Solutions updates* Adani Energy markets insights*
*Note: The given enrichment data does not specify a 2025 share price target for Adani Energy Solutions. However, the current share price and analyst recommendations can be found. For instance, the stock is priced at about ₹862 to ₹863, as of mid-June 2025. If you're looking for targets for other Adani companies, here's some insight:
- Adani Green Energy's projected share price target in 2025 ranges from ₹1800 to ₹1935 per share.
- Adani Transmission has a predicted target price of ₹1314.25, with a range from ₹1127 to ₹1690.*
This might be useful to consult financial news platforms or broker reports for specific targets related to Adani Energy Solutions. Keep your eyes on the Adani energy chase!
After securing a stake sale of USD 502 million or Rs 4295 crore, Adani Energy Solutions Ltd., under the Adani Group, continues to expand its business empire. Amidst this growth, Gautam Adani ranks second wealthiest in India with a real-time net worth of USD 66.2 billion, according to Forbes. Beyond the Adani Energy project in Maharashtra, the tycoon's interests span across various sectors, including Bollywood and real-estate.
