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Business

Adani Energy’s New Projects, Capital Management Keep Its Growth Story Intact, Says Jefferies

January 17, 2025 revoi editor

After Adani Energy Solutions released its third-quarter update, Jefferies has maintained its ‘buy’ rating on the stock as it sees the company’s growth story remaining intact given its transmission network, project pipeline and its capital management program. The company maintained robust system availability at 99.7% and has added 225 circuit km in its transmission network, […]

Business

Japanese Banks sticking with Adani as Jefferies, Barclays review ties

November 29, 2024 revoi editor

Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to […]

Business

Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies

May 31, 2024 Vinayak Barot

NEW DELHI: The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the financial year 2023-2024 (FY24), after its market capitalisation was hit by a short-seller report in late FY23, a Jefferies report has shown. During FY24, the Adani Group’s EBITDA grew to Rs 660 billion, with more than doubling of Adani Power’s […]

Business

Adani Enterprises Gets A New ‘Buy’ Rating As Jefferies Bets On ‘Industry-Leading’ Businesses

February 14, 2024 Vinayak Barot

Jefferies initiated coverage on Adani Enterprises Ltd. with a ‘buy’ and a potential upside of 20%, as it expects the diversified conglomerate’s businesses to emerge as industry leaders. The Adani Group flagship has incubated multiple industry-leading businesses over the past decade and has come to be known for its execution of infrastructure projects, Jefferies said […]