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TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above. However, both sides believe there is maximum synergy between TAQA and Adani Energy Solutions, formerly Adani Transmission, to forge a strategic alliance and work together on projects in North Africa and West Asia.

Adani Transmission has denied reports that Abu Dhabi National Energy Co (TAQA) will be investing $2.5bn into Adani Group firms or a single entity. Following the report earlier today, shares of Adani group firms Adani Green Energy, Adani Energy Solutions and Adani Power jumped up to 12% in Friday's trade on BSE.

“We have been advising investors to get into these stocks and these sectors. In Reliance Industries, there is significant upside potential for a long-term investor through value unlocking of multiple businesses. Also, some of the infrastructure and construction sector stocks – NCC, NBHC or a power stock like NTPC should continue to reward shareholders in the long term.”

India News: NEW DELHI: After addressing the nation for the 10th time since assuming the country's highest office, on the 77th Independence Day, Prime Minister Nar.

"Today we have demography, democracy, diversity, and this 'Triveni' (three factors) has the potential to make every dream of India come true," Prime Minister Modi said.