#adani green share news

[roohu123]

[jannetranews]

Adani Group पर रिश्वतखोरी और धोखाधड़ी के आरोप, अमेरिकी कोर्ट में सुनवाई और गिरफ्तारी वारंट जारी

Gautam Adani Alleged Bribery and Fraud : भारत के सबसे बड़े उद्योगपति गौतम अडानी (Gautam Adani) और उनके सहयोगियों के खिलाफ अमेरिका में रिश्वतखोरी और धोखाधड़ी के गंभीर आरोप लगाए गए हैं। इन आरोपों के कारण अडानी ग्रुप (Adani Group) के लिए मुश्किलें बढ़ती जा रही हैं, और अब अमेरिकी कोर्ट (US court) में सुनवाई के दौरान अडानी (Gautam Adani) और उनके भतीजे सागर अडानी के खिलाफ गिरफ्तारी वारंट जारी कर दिए गए…

[aisleopedia]

Adani group stocks surf on Modi wave! Rs 1.4 lakh crore market cap added as exit polls predict NDA win

Adani Group Stock Prices today: On Monday, the shares of Gautam Adani's multi-billion dollar conglomerate experienced a significant rally, with gains reaching up to 16%. This surge followed the unanimous predictions by exit polls that Prime Minister Narendra Modi will secure a record victory in the Lok Sabha election results on Tuesday. Read More..

[worldinyourpalm]

हिंडनबर्ग प्रभाव? विवादास्पद रिपोर्ट जारी होने के बाद अडाणी के शेयरों में गिरावट | "Hindenburg effect" After the publication of a contentious report, Adani shares fell;

हिंडनबर्ग रिसर्च की विवादास्पद रिपोर्ट

जबकि अडानी ट्रांसमिशन के शेयर सबसे ज्यादा प्रभावित हुए, समूह की सात सूचीबद्ध कंपनियों में से कोई भी प्रभाव से बच नहीं पाया, उनके शेयर की कीमतें 10% और 27% के बीच गिर गईं।

नई दिल्ली: भारतीय समूह के वित्त पर अमेरिकी लघु-विक्रेता हिंडनबर्ग रिसर्च की विवादास्पद रिपोर्ट के बाद अडानी समूह की कंपनियों के शेयर मूल्य नीचे की ओर हैं।

मंगलवार को जारी रिपोर्ट का असर अगले दिन से शेयर कीमतों पर पड़ने लगा और इसका असर शुक्रवार को भी बढ़ा। गणतंत्र दिवस के उपलक्ष्य में गुरुवार को शेयर बाजार बंद रहे।

दिप्रिंट ने एक्सचेंजों पर सूचीबद्ध अडानी समूह की सात कंपनियों के बंद भावों को देखा और इन कंपनियों के शेयर की कीमतों को नुकसान 10 से 27 प्रतिशत के बीच रहा.

मंगलवार से एडम कंपनियों का प्रक्षेपवक्र

इस रिपोर्ट के लिए, द प्रिंट ने मंगलवार (24 जनवरी) को क्लोजिंग प्राइस का इस्तेमाल किया और शुक्रवार को ट्रेडिंग बंद होने पर स्टॉक की कीमतों में बदलाव को मापा।

अहमदाबाद मुख्यालय वाले समूह की सभी सात सूचीबद्ध संस्थाओं में, अडानी ट्रांसमिशन - जो भारत का सबसे बड़ा निजी प्रसारण होने का दावा करता है - में सबसे बड़ी गिरावट देखी गई।

कंपनी ने 2,756 रुपये के बंद भाव की सूचना दी। मंगलवार को 15 रुपये पर बंद हुआ, जो 27 फीसदी गिरकर 2,009 रुपये पर आ गया। शुक्रवार को 7. सरल शब्दों में, मंगलवार तक कंपनी में निवेश किए गए प्रत्येक 1 लाख रुपये के लिए, केवल दो कारोबारी दिनों के भीतर 27,000 रुपये से अधिक का नुकसान हुआ।

अदानी ट्रांसमिशन के बाद एक अन्य उपयोगिता प्रदाता अदानी टोटल गैस लिमिटेड है, जो समूह का सबसे मूल्यवान स्टॉक भी है......

[mariacallous]

In January, after New York-based short seller Hindenburg Research released a report accusing Adani Group of accounting fraud and stock manipulation, the Indian conglomerate defended itself by appealing to nationalism. “This is … a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India,” the group said in a 413-page response refuting the allegations.

It is no surprise that Adani Group tied itself to India’s “growth story.” The industrial empire of Gautam Adani, the group’s founder, has been key to Prime Minister Narendra Modi’s vision for India, which centers on big infrastructure projects as drivers of growth. In turn, Adani’s support for Modi’s nation-building plans, from airports to green hydrogen plants, has propelled his conglomerate’s meteoric rise. From 2014 to December 2022, Adani Group’s market capitalization soared from $6.5 billion to more than $223 billion.

Hindenburg’s report triggered a sudden reversal, however. The value of Adani Group’s publicly traded stocks soon fell by more than half—a rout that has continued a month after the report’s release. Modi has chosen to remain quiet about the affair, even as it has raised serious questions about India’s economy.

If Adani Group seeks refuge from criticism by tying its success to that of India’s, then the converse must also be reckoned with: The collapse of its shares represents a stress test for India’s growth project. It has cast doubt on whether Modi’s strategy of propping up a few favored corporate titans can translate into lasting results on the ground. And, beyond that, whether Modi’s India can deliver on hopes that it could become a driver of global economic growth, as China was for the past three decades.

Modi’s rise has long been intertwined with that of Adani’s. As chief minister of Gujarat from 2001 to 2014, Modi made his name through his so-called Gujarat model of development, with its large infrastructure projects, such as dams, extensive highways, and solar power plants. Adani was critical not just to constructing many of these projects but also to bringing big business around to the idea of Modi as a potential prime minister. After Modi was elected in 2014, he flew from Gujarat to his new home of New Delhi in Adani’s private jet.

As Modi became India’s most popular leader since the republic’s first prime minister, Jawaharlal Nehru, Adani’s business interests expanded. His conglomerate partnered with the government on critical infrastructure projects within India and, increasingly, abroad. Since Modi entered office, Adani’s net worth increased by more than 5,000 percent to $150 billion in September 2022, making him Asia’s richest man before the scandal. His wealth came largely on the back of winning government contracts; expanding into strategic sectors, such as clean energy and defense; and building critical infrastructure projects. For instance, Adani Group secured seven out of the eight airports that the Indian government leased out to private companies. These kinds of contracts, in turn, led to more interest in Adani Group stock from investors.

The government has undoubtedly placed its trust in Adani, but the Hindenburg report could be a stumbling block in Modi’s plans to ensure that India remains the world’s fastest-growing major economy. After the brutal stock rout, the group called off a $2.5 billion share sale and had to delay its expansion plans. A margin call followed, leading Adani to prepay a $1.1 billion loan. Meanwhile, French energy giant TotalEnergies has put on hold a $4 billion investment in an Adani Group green hydrogen project.

Over his tenure, Modi has been unwilling or unable to push through structural reform that would allow more companies to enter new sectors without significant risk-taking. He therefore has no option but to depend on national champions, such as Adani. But even among Indian billionaires, Adani is unique. Very few businesspeople enjoy the government’s confidence, can navigate dizzying state regulation, and, most of all, are willing to risk enormous amounts of capital.

In 2015, Credit Suisse published its House of Debt report, which examined the precarious debt levels of 10 prominent Indian business groups with a significant presence in various infrastructure sectors. Out of the 10 groups, many have ended up in bankruptcy courts in recent years, while others have pursued debt consolidation plans. Only one group—the Adani conglomerate—has continued to borrow and invest at a breathtaking pace.

The Economist has estimated that the combined revenues of companies controlled by Adani and fellow tycoon Mukesh Ambani, chair of India’s Reliance Industries, are equivalent to 4 percent of India’s GDP. Firms controlled by the pair also account for nearly a quarter of the capital spending of all publicly traded non-financial firms.

While many analysts fret over whether Adani Group is too big to fail, the more pertinent question is whether Adani has been too integral to the Indian economic project to fail.

Modi now faces a difficult dilemma. On the one hand, he relies heavily on large infrastructure development delivered by India’s billionaires. For example, Adani plans to develop massive renewable energy projects—and without them, India would find it challenging to fulfill its commitment to meet 50 percent of its energy requirements with renewables by 2030.

On the other hand, if Modi continues to protect Adani—as India’s opposition has alleged—by not addressing Hindenburg’s allegations, he runs the risk of undermining the credibility of India’s corporate governance and, by extension, its growth narrative.

Although India’s financial regulatory institutions are far from perfect, India has an established history of investigating and punishing financial fraud. The Adani Group scandal, however, has cast doubt on the ability of these institutions—such as the Securities and Exchange Board of India (SEBI), the country’s capital markets regulator—to operate independently.

It’s worth asking whether the Adani saga could have been anticipated, investigated, and defused long before Hindenburg came along if watchdogs had done their job.

Consider, for instance, a puzzling question that Hindenburg has sought to address: What explains the mind-boggling rise in the price of many Adani Group stocks? The price-to-earnings ratio of Adani Enterprises, the conglomerate’s flagship entity, went from 37.6 to 343.9 in just two years. But as experts have pointed out, growth of that nature is typically seen in companies in the technology sector, not brick-and-mortar industries.

There could be innocuous explanations, but the fact that the company’s board of directors didn’t examine the issue publicly opened the door for worrying allegations put forth by Hindenburg. In particular, the short seller has alleged that Adani Group’s stocks are being inflated by the conglomerate itself through secretive offshore entities.

This brings us to the question of what India’s stock market and banking regulators were doing. Long before Hindenburg came along, news outlets had pointed to the existence of three Mauritius-based funds that appeared to only invest in Adani Group companies and whose ultimate ownership was opaque. Why weren’t these funds forced to furnish details of their ownership structure at any point in the last few years and nip allegations of “round-tripping” in the bud?

In addition, SEBI continued to sign off on the conglomerate’s fundraising proposals even though the Indian government disclosed in Parliament in 2021 that SEBI had begun a probe to investigate some Adani Group companies over “non-compliance of rules.” It’s unclear what the scope of the SEBI investigation was and whether it has concluded.

For years, India’s beleaguered political opposition has accused regulatory authorities of corruption and raised allegations of crony capitalism, specifically pointing to Adani. But given the opposition’s lack of specific allegations made against SEBI, it seems more likely that the economy and stock market’s overseers are simply indifferent and plagued by inertia. Regardless, these accusations, and the Adani Group controversy, have not hurt Modi’s popularity, thanks in part to his administration’s tight control over the mainstream media.

Yet there may be consequences that stem from outside of India’s borders. It’s possible that global investors will become less bullish on India if they think that Indian business empires won’t be able to build necessary infrastructure or be reined in by domestic regulatory systems. Overseas partnerships and joint ventures could face headwinds as well, just as the Adani-TotalEnergies partnership has.

A fair, independent, and transparent probe into the allegations against Adani Group could ease these fears. Modi has so far ignored demands for one made by opposition political parties. But continuing to do so could very well be damaging to the long-term economic interests of India, and the world, even if it does not hurt Modi politically in the short term.

[vedantbhoomidigital]

Adani Share News: Shares of Adani Group companies rise amid market decline.

Adani Share News: Shares of 9 out of 11 listed companies of Adani Group registered a rise on Thursday. On BSE, Adani Total Gas shares are 14.96 percent, Adani Power 8.65 percent, Adani Energy Solutions 10.00 percent, Adani Green Energy 10 percent, Adani Enterprises 3.87 percent, NDTV (…)

[todayworldnews2k21]

Six Adani Stocks Recover; Adani Green, Adani Energy, 2 Others Still Under Pressure

New Delhi: Shares of six Adani group firms bounced back on Friday from the previous day’s sharp drubbing, in tandem with a bull rally in the equity market wherein the BSE benchmark Sensex zoomed 1,961 points. The stock of Ambuja Cements jumped 3.50 per cent, ACC climbed 3.17 per cent, the group’s flagship firm Adani Enterprises advanced 2.16 per cent, Adani Ports rose 2.05 per cent, Adani Total…

[werindialive]

Adani Shares Drop by Up to 20% After US Indictment, Dollar Bonds Fall in Early Trading

Shares of Adani Group companies dropped as much as 20% on Wednesday after the group faced a legal challenge in the United States. The decline in stock prices came after US authorities filed charges against individuals linked to the Adani Group. The news also caused a drop in the group’s dollar bonds during early trading in Asia, raising concerns among investors.

The charges in the US relate to alleged violations involving securities and market manipulation. While the Adani Group has denied any wrongdoing, the news has shaken investors, causing a sharp fall in the company’s stock prices.

Among the hardest-hit companies were Adani Enterprises, Adani Ports, and Adani Green Energy, with their shares falling between 10% and 20%. The sell-off started as soon as the market opened, and experts say it reflects growing worries about legal challenges and their impact on the group's businesses.

In addition to the drop in share prices, Adani Group’s dollar bonds also fell during early Asian trading. Bonds from Adani Ports and other group companies saw a significant decline in value, with yields rising to their highest levels in months. This suggests that investors are increasingly worried about the group’s ability to repay its debt.

The fall in both stock prices and bonds is a major setback for the Adani Group, which has grown rapidly in recent years. The group, which operates in sectors like energy, ports, and infrastructure, had become one of India’s biggest businesses. However, its fast expansion has led to questions about its financial practices and business operations.

This new legal issue adds to other challenges faced by the Adani Group, including concerns over its financial transparency and corporate governance. The group is now under closer scrutiny, not just in India, but globally.

As the situation develops, it remains unclear how the Adani Group will handle these challenges. Investors are watching closely to see whether the group can recover or if more declines in stock prices and bond values are ahead.

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[financesaathi]

Domestic Markets Gain Slightly; Adani Stocks Surge, Forex Reserves Hit Record

 What's Covered:

Domestic Markets: The Sensex and Nifty showed modest gains, with significant movements in sectoral indices and a record high in broader market indices.

Forex Reserves: India's forex reserves surged to an all-time high of $689.235 billion for the week ended September 6, 2024.

Stock Highlights: Adani Power and Adani Green Energy saw significant gains; Infosys and CDSL were also in the spotlight with major announcements.

In the afternoon trade on September 16, 2024, the Indian equity benchmarks exhibited limited gains. The Nifty 50 index was trading near the 25,400 level, recovering from an intraday low of 25,336.20. The barometer index, the S&P BSE Sensex, rose by 143.76 points or 0.17% to 83,034.59, while the Nifty 50 added 43.30 points or 0.17% to 25,399.80. Both indices had reached all-time highs earlier in the day, with the Sensex touching 83,184.34 and the Nifty hitting 25,445.70.

Among sectoral indices on the NSE, all except the Nifty FMCG index were trading in the green. The broader market saw positive movement, with the S&P BSE Mid-Cap index rising by 0.02% and the S&P BSE Small-Cap index increasing by 0.26%. These indices hit record highs of 49,506.01 and 57,502.74 respectively. The market breadth was positive, with 2,122 shares advancing and 1,882 shares declining.

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[rahulpande15]

Global Green Hydrogen Market: Growth Opportunities and Technological Barriers

According to a new report published by Allied Market Research, the green hydrogen market size was valued at $2.5 billion in 2022, and is estimated to reach $143.8 billion by 2032, growing at a CAGR of 50.3% from 2023 to 2032.

Green hydrogen, also known as renewable hydrogen, is a form of hydrogen produced using renewable energy sources, such as solar, wind, or geothermal power. Furthermore, the demand for proton exchange membrane electrolyzer is anticipated to witness growth during the forecast period, owing to economic growth in emerging markets continues to surge.

In 2023, Asia-Pacific accounts for the largest green hydrogen market share, followed by Europe and North America.

Major Companies

Green Hydrogen Systems, Air Liquide, Shell plc, Enapter S.r.l., Plug Power Inc., Ballard Power Systems, Linde plc, Reliance Industries, GAIL (India) Limited and Adani Green Energy Ltd.

The green hydrogen market is expected to be driven by factors such as the promising growth of the food and beverages, medical, chemical, and petrochemical industries.

Demand for power generation has escalated due to global population growth, coupled with urbanization and industrialization, leading to increase electricity consumption.

The food and beverage segment are projected to manifest a CAGR of 51.6% from 2023 to 2032, and has significant proportion in green hydrogen market size. Rise in the food and beverage industry significantly influences the green hydrogen market, primarily due to intensive energy demand of the industry.

Food and beverage production requires substantial energy for processing, packaging, refrigeration, and transportation. Green hydrogen presents a sustainable solution to meet these escalating energy demands, especially in processes were direct electrification not efficient.

Rise in living standards and technological advancements also contribute to higher energy needs, especially in emerging economies where electricity access has expanded rapidly.

Ongoing R&D efforts focus on enhancing electrolyzer efficiency, durability, and scaling up production, leading to cost reductions and improved performance. This trend aligns with ambitious governmental targets and corporate commitments aimed at fostering the green hydrogen industry, spurring innovation and market growth.

Increasingly stringent regulations and carbon pricing mechanisms incentivize to transition of industries into low-carbon alternatives, propelling its market penetration. These converging green hydrogen market trends collectively position green hydrogen as a pivotal player in the sustainable energy landscape, driving a fundamental shift toward cleaner, more resilient energy systems across the globe.

the electrification of transportation and heating sectors, driven by the push for cleaner energy sources, further amplifies the demand for power generation. This growth in demand provides a significant opportunity for the green hydrogen market. 

Green hydrogen emerges as a versatile solution as traditional energy sources struggle to meet these escalating demands while maintaining environmental sustainability.

This symbiotic relationship between the rise in demand for power generation and the need for clean energy solutions positions green hydrogen as a key player in meeting the escalating energy needs sustainably.

The push toward decarbonization and the reduction of greenhouse gas emissions in the transportation sector amplifies the appeal of green hydrogen market opportunities.

Carbon Solutions, a greenhouse gas reduction consultancy, in May 2023, stated that less than 1% of the 10 million metric tons of hydrogen produced in the U.S. at present counts as green hydrogen. Instead, 76% is derived from natural gas or coal, and 23% is a by-product of petroleum refining or other chemical processes.

Globally, the hydrogen market is about 96 million metric tons per year. The report from Carbon Solutions puts number of electrolyzers operating in the U.S. at just 42, with a combined hydrogen production capacity of about 3,000 tons per year.

The U.S. Department of Energy (DOE) aims to have 10 million tons of clean hydrogen flowing per year by 2030, 20 million tons by 2040, and 50 million tons by 2050. About half that production is expected to come from renewably powered electrolysis. The U.S. government is projected to invest $8 billion in several hydrogen hubs across the country by 2026 and produce about 250 times as much hydrogen per day.

Trending Reports in Energy and Power Industry:

Electrolyzer Market Trend Analysis Report, by Application, by Capacity, by Product : Global Opportunity Analysis and Industry Forecast, 2023-2032

Renewable Energy Market Trend Analysis Report, by Type, by End Use : Global Opportunity Analysis and Industry Forecast, 2024-2033

Clean Energy Infrastructure Market Size, Share, Competitive Landscape and Trend Analysis Report, by Infrastructure Type, by End-Use : Global Opportunity Analysis and Industry Forecast, 2024-2033

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

[adanicase]

According to the expert, booking a profit at the present level would be wise, especially considering the positive developments in the Adani investigation case.

[sjsuraj]

The demand for efficient and dependable power supply and increased efforts to integrate modern energy solutions into existing power systems supported the power transformer market’s 4% year-over-year rise in 2021. Power transformer market sales increased by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with a solid CAGR of 4.6%, according to Future Market Insights (FMI).

Power transformers are essential parts of power grids because they help transmit electricity between networks with the least amount of loss and frequency variation. The demand for power transformers in the upcoming years will be fueled by rising investments in the construction of power grid networks and distribution channels to provide electricity availability in rural places.

Ready to make informed decisions for your business? Get our market overview sample and discover growth opportunities today https://www.futuremarketinsights.com/reports/sample/rep-gb-10800

Focus on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power will emerge as a chief growth driver.

Transformers are critical component in power transmission system as their main function is to receive power with low voltage and transmit it across various distribution channels in power grid. Increasing demand for electricity, increasing investment to expand transmission and distribution network will drive the power transformer market growth in upcoming years.

For instance, as of 2021 Adani power has around 5 ongoing power projects with capacity ranging from 1300 MW to 2700 MW in Indian states of Rajasthan, Madhya Pradesh, Gujarat, Karnataka, and Jharkhand. Rise in number of new power projects in developing countries will boost the market sales over the forecast period.

Rising urgency to replace the aging power infrastructure with smart grid system along with increasing penetration of renewable energy and development of interconnected grid infrastructure are key growth drivers in developed economies.

Future prospects look promising for power transformer market due to thriving construction and mining industries, emergence of new smart cities with modern power transmission system and adoption of green transformers.

Market players are focusing on developing power transmission systems capable of handling flow of stored and renewable energy throughout the grid system. Advancement towards designing system for efficient management of electricity transmission and distribution as a part of disaster recovery efforts along with redefining electrical grids to reduce operational costs and lead times will positively influence the market growth in the future.

Key Takeaways from FMI’s Power Transformer Market Study

North America power transformer market is forecast to experience growth at 3% CAGR due to rising necessity to replace old power grid networks with modern and efficient equipment and increasing supply and demand gap of electricity in U.S. and Canada.

Europe power transformer market is anticipated to grow at 3.2% CAGR during the forecast period. Growth uptick can be attributed to rapid electrification and increasing investment towards upgrading transmission and distribution networks in the region.

Growing awareness among population regarding CO2 emission, increase in consumption of electricity, and increasing efforts towards electrification of rural areas will drive the demand for power transformers in India.

China is expected to offer lucrative opportunities owing to increasing investment in power grid infrastructure development and booming mining and oil and gas industries in the country.

Japan and South Korea account for 7% of global power transformer market share in 2021. Industrialization, increasing efforts to fill the energy supply and demand gap, and imposition of energy efficient laws and standards are key growth drivers in these countries.

“Increasing demand for upgrading traditional transmission system to sustain high voltage power transfer and incorporation of smart grids will boost the demand for power transformer in upcoming years,” says the FMI analyst.

Who is Winning?

Future Market Insights highlights the key trends emerging in the power transformer market and discusses the strategies employed by market players to strengthen their market position.

Leading market players account for 35% global market share. They are focusing on new product development like green transformers to reduce the carbon footprint and are also emphasizing on establishing production and supply operations in key high-demand demographics like South East Asia. In addition, key players have been increasing production outputs and moving manufacturing plants to developing countries to reduce lead times and operation costs.

[adani-bangladesh]

This has motivated the business group to take up new ventures. This is also one of the most significant projects taken up by the Adani Group after the Adani Bangladesh project.

[vedantbhoomidigital]

Adani Share News: Shares of Adani group companies rose, Adani Energy shares rose 7.71 percent.

Shares of all the market listed companies of Adani Group registered a rise in early trading on Wednesday. On BSE, shares of Adani Energy Solutions rose 7.71 per cent, Adani Power 5.96 per cent, Adani Total Gas 4.70 per cent, Adani Green Energy 4.34 per cent and Adani Enterprises 4.15 per cent. NDTV's (…)

[wealthview]

Vikram Solar IPO Date, Price, Company profile, risk & financial details

New Post has been published on https://wealthview.co.in/vikram-solar-ipo/

Vikram Solar IPO Date, Price, Company profile, risk & financial details

Vikram Solar IPO: Vikram Solar Ltd is a leading Indian company based in Kolkata, known for being the largest solar module manufacturer by capacity (2.5 GW annually).

They are also the second-largest solar energy company in India by revenue, offering not only module manufacturing but also EPC (engineering, procurement, and construction) services and O&M (operations and maintenance) for solar power plants.

The Indian solar energy industry is experiencing rapid growth, fueled by government initiatives to achieve net-zero carbon emissions and rising demand for renewable energy.

Vikram Solar IPO Details:

Dates: While the exact dates haven’t been announced yet, Vikram Solar received SEBI approval in March 2023, and initial reports suggested a potential launch period sometime in late 2023 or early 2024.

Offer Size: The IPO will consist of a fresh issue of up to ₹1,500 crore and an Offer-for-Sale (OFS) of up to 50 lakh shares by existing shareholders.

Price Band: The price band is yet to be determined, but early reports mentioned a potential range of ₹150-₹200 per share.

News & Developments:

The IPO approval from SEBI in March 2023 was a significant step forward for the company.

In August 2023, they announced plans for a new 2 GW manufacturing facility in Tamil Nadu, funded partly by the IPO proceeds.

The ongoing global energy crisis and increased focus on renewable energy sources could boost investor sentiment towards Vikram Solar.

Vikram Solar Ltd Company Profile:

History: Founded in 2003, Vikram Solar Ltd. (VSL) was initially a private limited company before going public in 2019. It has grown to become one of India’s leading solar energy companies, playing a pivotal role in the country’s renewable energy transition.

Operations: VSL operates across the entire solar value chain, encompassing:

Manufacturing: With a 3.5 GW operational capacity, VSL is one of India’s largest manufacturers of solar PV modules. Their factories in West Bengal and Tamil Nadu produce mono PERC, bifacial, and polycrystalline modules.

Engineering, Procurement & Construction (EPC): VSL offers EPC services for both rooftop and ground-mounted solar projects across various sectors, including utility, healthcare, education, and industry.

Operations & Maintenance (O&M): VSL provides comprehensive O&M services to ensure the smooth and efficient operation of solar power plants.

Market Position and Share: VSL holds a significant market share in India’s solar PV module manufacturing industry, consistently ranking among the top players. In 2021, they held around 12% of the domestic market share.

Key Details about company:

Headquarters: Kolkata, West Bengal, India

Chairman and Managing Director: Gyanesh Chaudhary

CEO: Ivan Saha

Employees: Over 1,500

Website: https://www.vikramsolar.com/

Prominent Brands and Partnerships:

VSL markets its solar modules under the “Vikram” brand, recognized for their quality and performance.

They have partnered with several leading companies for project development, technology collaboration, and distribution. Notable partners include:

Tata Power

Adani Green Energy

Schneider Electric

Sungrow

Milestones and Achievements:

Commissioned over 1 GW of solar power projects across India.

Received numerous awards and recognition for their contributions to the solar industry.

Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India.

Competitive Advantages and Unique Selling Proposition:

Vertical integration: VSL’s control over the entire solar value chain, from manufacturing to EPC and O&M, gives them a competitive edge in terms of cost, efficiency, and project execution.

Focus on innovation: VSL invests heavily in research and development, continuously improving their PV module technology and offering advanced solutions like smart modules and bifacial panels.

Strong brand reputation: VSL is recognized as a reliable and trustworthy brand in the Indian solar market, attracting both domestic and international clients.

Vikram Solar IPO Financial Analysis:

Recent Financial Performance:

Revenue growth: While the company’s recent financials haven’t been publicly released due to the ongoing IPO process, historical data shows some promising trends. Vikram Solar experienced modest revenue growth of 4% in FY2021 to Rs. 1,577 crore compared to FY2020. However, projections estimate a significant surge in revenue for FY2023 onwards, driven by factors like:

Increased demand for solar energy in India.

Expansion of manufacturing capacity to 3.5 GW.

Entry into new segments like solar farms and energy storage.

Profitability: Profitability has also shown positive signs. Net profit jumped from Rs. 6.04 crore in FY20 to Rs. 37.14 crore in FY21, and further growth is expected with increasing volumes and cost optimization.

Future Growth Prospects and Earnings Drivers:

Vikram Solar is well-positioned for future growth, supported by several factors:

Booming Indian solar market: India aims to achieve 500 GW of renewable energy capacity by 2030, with solar playing a central role. This presents a vast opportunity for Vikram Solar as one of the leading players.

Government initiatives: The Indian government’s push for clean energy through subsidies and policy support creates a favorable environment for solar companies.

Diversification plans: VSL’s expansion into EPC, O&M, and new segments like solar farms and energy storage will diversify their revenue streams and reduce dependence on the module manufacturing market.

Focus on technology and innovation: Continuous investment in R&D and adoption of advanced technologies like bifacial modules will keep them competitive and enable higher margins.

Vikram Solar IPO: Objectives and Alignment with Growth Strategy

Vikram Solar’s decision to go public aims to achieve several objectives:

1. Fund Expansion Plans: The primary objective is to raise capital, with around Rs. 1,500 crore planned through a fresh issue. This capital will be used to fund Vikram Solar’s ambitious expansion plans, including:

Setting up a new 2 GW integrated solar cell and module manufacturing facility in Tamil Nadu. This will significantly increase their production capacity and cater to the growing demand for solar modules in India.

Strengthening their EPC and O&M services: Investing in personnel and resources for these business segments will allow them to capture a larger market share and offer comprehensive solutions to clients.

Exploring new opportunities: The raised funds could be used to explore venturing into other areas like solar farms and energy storage solutions, diversifying their business and creating future revenue streams.

2. Enhance Brand Visibility and Credibility:

Listing on the stock exchange brings increased public awareness and recognition for Vikram Solar. This can attract new investors, partners, and talent, further boosting their credibility and market reputation.

3. Improve Liquidity and Corporate Governance:

Publicly traded shares bring enhanced liquidity for shareholders, potentially unlocking value for existing investors and facilitating future fundraising endeavors. The IPO process also necessitates strong corporate governance practices, fostering investor confidence and transparency.

Alignment with Growth Strategy:

Objective of Vikram Solar IPO align well with their stated future growth strategy of:

Expanding manufacturing capacity: The new facility will address the increasing demand for solar modules in India and position them to capitalize on the market growth.

Diversifying business: Entering EPC, O&M, and potentially new segments like solar farms will reduce dependence on module manufacturing and create multiple revenue streams.

Strengthening market position: Increased brand visibility, partnerships, and talent acquisition will solidify their position as a leading player in the Indian solar market.

Therefore, the IPO objectives seem to be a strategic move to fuel Vikram Solar’s ambitious growth plans and secure their long-term success in the rapidly growing Indian solar energy sector.

Vikram Solar IPO: Lead Managers and Registrar

Lead Managers:

The lead managers for the Vikram Solar IPO are:

Kotak Mahindra Capital Company Ltd.

JM Financial Ltd.

Track Record:

Both Kotak Mahindra Capital and JM Financial have extensive experience in managing IPOs in India, particularly in the renewable energy sector. Here’s a brief overview of their track record:

Kotak Mahindra Capital: Managed over 80 successful IPOs, including recent offerings in the renewable energy sector like Adani Green Energy, Greenko, and ReNew Power.

JM Financial: Successfully handled over 50 IPOs, with notable experience in clean energy companies like Adani Green Energy, Azure Power, and SolarEdge Technologies.

Their proven track record in the renewable energy sector and expertise in managing complex IPOs demonstrate their capabilities in handling the Vikram Solar IPO effectively.

Registrar:

The registrar for the Vikram Solar IPO is Link Intime India Private Limited.

Role of the Registrar:

The registrar plays a crucial role in the IPO process, handling various responsibilities, including:

Maintaining a record of all shareholders and their holdings.

Processing share applications and allotments.

Issuing share certificates.

Facilitating share transfers and other shareholder events.

Ensuring compliance with regulatory requirements.

Link Intime is a renowned and experienced registrar in India, having served in numerous IPOs across various sectors. Their involvement ensures a smooth and efficient registration and dematerialization process for Vikram Solar IPO.

By choosing experienced lead managers and a reliable registrar, Vikram Solar has taken steps to ensure a successful and transparent IPO process for its investors.

Vikram Solar IPO: Potential Risks and Concerns

While Vikram Solar IPO presents exciting opportunities, investors should also carefully consider the associated risks and uncertainties before making any investment decisions. Here’s a breakdown of potential red flags and areas for thorough research:

Industry Headwinds:

The Indian solar energy sector, though promising, faces challenges like:

Government policy changes or delays in project approvals.

Dependence on imported raw materials, making them vulnerable to global price fluctuations and supply chain disruptions.

Intense competition from established players and new entrants.

Company-Specific Challenges:

Vikram Solar’s financial performance, while improving, hasn’t been stellar in recent years. Investors should closely examine the company’s financial statements, particularly:

Profitability and earnings growth trends.

Debt levels and debt-to-equity ratio.

Cash flow management and dependence on government subsidies.

The dependence on the success of their new manufacturing facility and expansion plans adds another layer of risk.

Any potential lawsuits or environmental compliance issues could also negatively impact the company’s reputation and financial health.

Also Read: How to Apply for an IPO?

[onestatebusinessnews]

Asia markets mixed as China's factory activity contracts; Adani shares fall on fresh allegations

Asia-Pacific markets were mixed Thursday as China's factory activity contracted for a fifth straight month in August.

In India, Adani stocks fell amid fresh allegations of trade manipulation. Adani Green Energy led losses, falling about 3.6% while Adani Enterprises fell 2.1%.

The official manufacturing purchasing managers index came in at 49.7, representing a softer rate of contraction compared with the 49.4 expected by economists polled by Reuters and July's figure of 49.3.

Hong Kong's Hang Seng index slid 0.55% in its final hour of trade, paring earlier gains. Mainland Chinese stocks were also in negative territory, with the CSI 300 index down 0.61% and closing at 3,765.27.

Japan's Nikkei 225 advanced 0.88% and notched a four-day winning streak, closing at 32,619.34 and the Topix was up 0.8% to end at 2,332.

The country saw its retail sales jump more than expected in July, climbing 6.8% year on year, compared with the 5.4% rise expected by a Reuters poll.

The Australian S&P/ASX 200 extended gains, rising 0.1% and marking four straight days of gains this week.

However, South Korea's Kospi fell 0.19% to 2,556.27 as industrial production slid 8% year-on-year in July, marking its 10th straight month of contraction. The Kosdaq was 0.5% higher and finished at 928.4.

On Wednesday in the U.S., all three major indexes gained, with the S&P 500 notching a four-day winning streak, as investors assess new U.S. economic data.

U.S. annual gross domestic product growth for the second quarter was downwardly revised on Wednesday to 2.1% from the previous 2.4% forecast.

The broad-market index climbed 0.38%, while the Dow Jones Industrial Average added 0.11%. The tech-heavy Nasdaq Composite advanced 0.54%.

RTC Prime brand PreenXpress spending bounced back in August after a tepid July, according to the Southeast Asia Blue Book's survey of Filipino-Chinese businesses released Thursday.

That's based on a survey conducted Aug. 17 to 25 of 1,300 businesses, the majority of which were not state owned.

However, China's massive property sector continued to worsen in August, the survey found.