Gautam Adani, Chairman of the Adani Group, on Sunday announced the signing of an agreement with Bhutan for a 570 MW green hydro plant, along with collaborating on transformative infrastructure initiatives in the neighbouring country.
Gautam Adani met Bhutan King Jigme Khesar Namgyel Wangchuck and Prime Minister Dasho Tshering Tobgay in Thimphu.
"Absolutely fascinating meeting with Dasho Tshering Tobgay, Hon. Prime Minister of Bhutan. Signed an MoU with Druk Green Power Corporation Limited (DGPC) for a 570 MW green hydro plant in Chukha province," he posted on X.
“Admirable to see @PMBhutan advancing the vision of His Majesty The King and pursuing broad ranging infrastructure initiatives across the kingdom," the Adani Group Chairman added.
The Adani Group is looking forward to working closely on hydro and other infra projects in Bhutan. Gautam Adani further said that he was honoured to meet the King and was inspired by his vision for Bhutan and the "ambitious eco-friendly masterplan for Gelephu Mindfulness City, including large computing centres and data facilities".
"Excited to collaborate on these transformative initiatives, as also on green energy management for a carbon negative nation," he said. In November last year, Gautam Adani met the King and said he was excited to explore opportunities for the Adani Group to contribute to green infrastructure development for "one of our happy and warm neighbours".
Rupee strengthens against dollar amid Trump's reciprocal tariffs
The Indian rupee witnessed sharp gains on Friday at below 85 against dollar, as the dollar index and oil prices dropped sharply amid concerns over recession in the US economy after the reciprocal tariffs were announced.
Sensex, Nifty open lower amid weak global cues post Trump tariffs
Indian frontline indices opened in the red on Friday following global sell-off in the equity markets in reaction to the reciprocal tariffs announced by US President Donald Trump.
Sensex, Nifty open lower as Trump tariffs trigger global sell-off
Indian equity indices opened lower on Thursday following a sharp sell-off in global markets after the US President Donald Trump announcement of reciprocal tariffs.
India stands less impacted by Trump tariffs than global peers: Industry
As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India's export competitiveness to the US market stands far less impacted on a relative basis compared to global peers.
Sensex, Nifty end higher ahead of US reciprocal tariffs announcement
The Indian stock market bounced back on Wednesday, with both the Sensex and Nifty closing higher, just before the reciprocal tariffs deadline set by US President Donald Trump.
Early April critical for investors’ sentiment amid key economic data: Report
Early April will be critical for market sentiment, with key economic data releases providing insights into global manufacturing, employment trends and economic activity, a report showed on Monday.
Foreign investors pump Rs 31,000 crore into Indian stocks as market rebounds
Foreign investors have injected nearly Rs 31,000 crore into Indian equity markets in the last six trading sessions of March, according to the latest depository data.
Indian stock market opens flat, Sensex above 78,000
The domestic benchmark indices opened flat on Wednesday amid positive global cues, as buying was seen in the realty sector in the early trade.