Published 3 months ago • loading... • Updated 3 months ago

India's Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped

The Andhra Pradesh government is reviewing files to determine if it can cancel a power supply contract with the Adani Group, according to a top official.
This review follows a United States court indictment of Gautam Adani in a $265 million bribery and fraud case.
The YSR Congress Party stated that there was no direct agreement between power distribution companies in Andhra Pradesh and the Adani Group.

Insights by Ground AI

Does this summary seem wrong?

14 Articles

All

Left

Center

Right

WION

Adani shares in red as Moody's downgrades outlook for seven group companies

The Adani Group faced another major setback Tuesday (Nov 26) as global ratings agency Moody's revised the outlook for seven of the group entities from ‘stable’ to 'negative'. The group companies that have been placed on the list are Adani Green Energy, Adani Ports, and Adani Transmission, among others. Earlier, another agency Fitch put two of the group companies—Adani Energy Solutions Limited (AESL) and Adani Electricity Mumbai Limited (AEML)—o

3 months ago·Noida, India

Read Full Article

The Hindu

Andhra Pradesh government mulls next steps on Adani, if power deal can be scrapped

U.S. charges Adani for $265 million bribes to Indian officials for solar power contracts, leading to major setbacks.

India's Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped

3 months ago·Singapore

Read Full Article

Reuters

+3 Reposted by 3 other sources

India's Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped

India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters.

3 months ago·United Kingdom

Read Full Article

U.S. News

India's Andhra Pradesh Mulls Next Steps on Adani, if Power Deal Can Be Scrapped

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

3 months ago·New York, United States

Read Full Article

Thelocalreport.in

Andhra Pradesh extends power supply from Adani Green Energy

2024-11-28 05:00:08 : NEW DELHI: The Andhra Pradesh government has granted Adani Green Energy Ltd a second extension to supply renewable power, three people familiar with the matter said, after the company missed two previous deadlines due to unavailability of transmission. Adani Green’s original March deadline was extended to September. Supply of renewable energy to the state must now begin by December 25. In one of India’s largest gr…

3 months ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year