Majority of Adani group stocks trade lower for 2nd day; Adani Green tumbles 11 pc
New Delhi (PTI): Shares of eight of the ten listed Adani group firms were trading lower during the morning trade on Friday after billionaire Gautam Adani was charged by US prosecutors for allegedly being part of a scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani Green Energy dropped 10.95 per cent and Adani Energy Solutions tumbled 8.57 per cent to hit the 52-week low of Rs 637.85 on the BSE.
The stock of the group's flagship firm, Adani Enterprises, slumped 6.98 per cent to hit its 52-week low of Rs 2,030.
Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year low of Rs 279.20 and NDTV dipped 3.41 per cent.
In contrast, ACC and Ambuja Cements were trading over 2 per cent higher even after falling in the opening deals.
In the equity market, the BSE benchmark Sensex quoted 781.02 points higher at 77,936.81 and the NSE Nifty climbed 228.90 points to 23,578.80.
Shares of Adani group firms fell sharply on Thursday.
The stock of Adani Enterprises had plunged 22.61 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 18.80 per cent, Adani Ports dived 13.53 per cent, Ambuja Cements cracked 11.98 per cent, and Adani Total Gas tumbled 10.40 per cent on the BSE.
Shares of Adani Wilmar declined 9.98 per cent, Adani Power slumped 9.15 per cent, ACC fell 7.29 per cent, and NDTV dipped 0.06 per cent.
Adani group on Thursday denied charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws.
It said all possible legal recourse will be sought.
"The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless and denied," the group spokesperson said in a statement.
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Myanmar quake: India sends more humanitarian aid in C-17 aircraft
New Delhi (PTI): India on Sunday sent 31 tonnes of humanitarian aid, including replenishment stores for an Indian army field hospital unit deployed in Myanmar, to augment New Delhi's efforts to provide succour to the quake-hit neighbouring country.
The aid was sent in a C-17 Globemaster heavy-lift aircraft.
It took off from the Hindon air force station in Ghaziabad early Sunday, a senior official said.
"#OperationBrahma@IAF_MCC C> C-17 plane departs for Mandalay with 31 tons of humanitarian aid, including replenishment stores for the Indian army field hospital unit," External Affairs Minister S Jaishankar posted on X and also shared a few photos.
A 7.7-magnitude earthquake jolted Myanmar last week, with the toll rising to over 3,000 even as rescuers continue to search through the rubble for signs of life.
India mounted its relief mission named 'Operation Brahma' as a swift response to the devastation caused by the earthquake that hit Myanmar as well as Thailand on March 28.
The field hospital, under 'Operation Brahma', continues its humanitarian mission in Myanmar as the local government and its agencies also soldiered on with their efforts in relief and rescue work.
The hospital unit comprising 118 personnel was deployed in Myanmar using two C-17 heavy-lift aircraft of the IAF which had taken off from Agra on March 29.
The field hospital has been set up by the Indian Army in Mandalay.
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