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Adani Green Secures 20-Year PPA With Sri Lankan Govt

Adani Green Secures 20-Year PPA With Sri Lankan Govt
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Jefferies Adani Group: Jefferies bullish on Adani Group on the back of a renewed expansion spree

Adani Group, rebounding from market losses caused by a US short seller report in early 2023, is now on an "expansion spree," aiming for a USD 90 billion capex over the next decade. Jefferies reports a 40% YoY EBITDA growth, with focus on debt containment and fresh funds. Various Adani companies witnessed significant developments, including acquisitions, power plant commissioning, and renewable energy capacity addition. ....

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Adani Suspected of Fraud by Selling Low-grade Coal as High-value Fuel: Financial Times

Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times (FT) that throws fresh light on allegations of a long-running coal scam. ....

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