Adani has clarified that the company is currently not engaged in any material project related to battery storage in Gujarat. The announcement, dated November 13, 2025, states they have no comments to offer at this stage. The company also addressed recent share price movement, attributing it to general market conditions rather than specific company developments. They confirm a commitment to ongoing disclosure practices.
Clarification on Gujarat Battery Project
Adani has addressed speculation regarding its involvement in establishing a major battery storage project in Gujarat. The company stated that it is not currently pursuing any such project, refuting recent media reports.
Share Price Volatility
The company addressed recent fluctuations in its share price. Adani attributes the movement to prevailing market conditions and external market drivers, stating the company’s management has no specific insights into the reasons for the share price activity or trading volumes.
Commitment to Transparency
Adani reaffirmed its commitment to adhering to disclosure requirements. The company will continue to make necessary disclosures as per regulatory guidelines and applicable regulations.
Source: BSE