Kenya's High Court has halted a controversial deal for Indian firm Adani to take over the country's main airport -- a decision hailed by critics on Tuesday as "a win for the Kenyan people"
Sri Lanka is entering into a 20-year agreement with Adani Group to buy electricity from a $442-million wind power plant being built
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project
Adani Enterprises trades on a 12-month forward price-to-earnings multiple of 50 times, compared to 10 for Coal India, per LSEG data
After starting electricity supply to Bangladesh from the first unit of its plant in Godda in the eastern state of Jharkhand a few days ago, India's Adani Power Limited has said it is expected to commission its second 800 MW unit soon, according to the company statement
The overall cost for transmitting electricity from the Adani power plant in Godda, Jharkhand is set to increase further as two projects meant for that end are eyeing cost and time revisions.
The Daily Star contacted Adani Group for clarifications on certain aspects of the PPA and we are publishing the emailed comment from the Adani Group headquarters in Ahmedabad in India ad verbatim.
"It is a punishable offence to sign such a contract -- we believe that our agencies have the ability to identify the corruption in this deal"
India's Adani Group on Monday denied a media report that said the conglomerate was in talks with global credit funds to raise up to $400 million in debt against some of its Australian assets, calling it "totally false and untrue."
Kenya's High Court has halted a controversial deal for Indian firm Adani to take over the country's main airport -- a decision hailed by critics on Tuesday as "a win for the Kenyan people"
Sri Lanka is entering into a 20-year agreement with Adani Group to buy electricity from a $442-million wind power plant being built
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project
Adani Enterprises trades on a 12-month forward price-to-earnings multiple of 50 times, compared to 10 for Coal India, per LSEG data
After starting electricity supply to Bangladesh from the first unit of its plant in Godda in the eastern state of Jharkhand a few days ago, India's Adani Power Limited has said it is expected to commission its second 800 MW unit soon, according to the company statement
The overall cost for transmitting electricity from the Adani power plant in Godda, Jharkhand is set to increase further as two projects meant for that end are eyeing cost and time revisions.
The Daily Star contacted Adani Group for clarifications on certain aspects of the PPA and we are publishing the emailed comment from the Adani Group headquarters in Ahmedabad in India ad verbatim.
"It is a punishable offence to sign such a contract -- we believe that our agencies have the ability to identify the corruption in this deal"
India's Adani Group on Monday denied a media report that said the conglomerate was in talks with global credit funds to raise up to $400 million in debt against some of its Australian assets, calling it "totally false and untrue."
Gain is for Gautam Adani and loss for Bangladesh: that is how the electricity purchase deal with the Indian business tycoon may turn out to be