Adani Enterprises Limited on Thursday issued an official clarification stating that the company is not currently considering any material engagement in a battery storage project, contrary to a media report claiming the group was planning “India’s biggest battery storage in Gujarat.”
In a filing to the stock exchanges, Adani Enterprises responded to a query from BSE and NSE seeking verification of the report published on the Economic Times website. The company categorically denied involvement at this stage, noting that it has “no comments to offer” since such a project is not being evaluated at present.
The company also distanced itself from the recent stock price movements, stating that fluctuations in share volume and price are purely market-driven and that the management has neither control over nor knowledge of the reasons behind such changes.
Adani Enterprises further reiterated that it continues to follow all mandated disclosure requirements under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, and will keep the exchanges updated as required.
