Tamil Nadu Chief Minister M.K. Stalin, State Industries Minister T.R.B. Rajaa and the Managing Director of Adani Ports and Special Economic Zone Karan Adani were present at the signing of the MoUs, along with Cabinet Ministers and Secretaries of various government departments.
The majority of Adani's wealth arises from the Adani group's six listed entities. According to Bloomberg, the companies and stakes are as follows: Adani Power (70%); Adani Total Gas (37%); Adani Energy Solutions (73%); Adani Ports (66%); and Adani Green Energy (56%).
"The Honourable Supreme Court's judgment shows it. Truth has prevailed. Satyameva Jayate. I am grateful to those who stood by us. Our humble contribution to India's growth story will continue. Jai Hind," Adani tweeted.
The funding for Adani Group's green energy project comes at a time when the transition to renewable energy was highlighted as a key issue at the ongoing Conference of Parties (COP28) climate summit.
Out of Rs 2.9 trillion added in the market, the rally in Adani stocks contributed Rs 1.9 trillion, the largest single-day increase in value for the conglomerate.
The Adani Group rubbished claims linking them to the Silkyara tunnel collapse, stating that it has no direct or indirect links with the tunnel construction.