The Adani Group has established its sprawling business empire in India over the past few decades.
But is it a facade? Masking the larger concern of its sprawling debt?
As of today, the Group’s aggregate debt stands at $21bn.
How did this staggering number come to be? And more importantly, how does this impact the shareholders of Adani and the Indian economy at large?
Head to the link below to know more.
A joint report by two human rights activist groups went viral for making shocking revelations.
It established that Indian conglomerate Adani Group had a controversial relationship with companies backed by the military junta of Myanmar.
The same junta that has taken over Myanmar in a coup and arrested its democratic leaders.
Essar Power’s Mahan power station supplies power through the Mahan-Sipat cable and is additionally connected with a railway siding 18 km far away from the plant for the availability of coal and other raw materials.
consistent with industry sources, Adani Power will distribute on the brink of Rs 3,000 crore for the Mahan Project.Adani Group has been on a purchasing spree for power generation assets across the country.
Last month, Adani Group’s renewable energy arm Adani Green Energy acquired SB Energy’s solar and wind generation portfolio from Softbank and Bharti Group.Read more
RIL is set to disrupt another industry again.This time it is the clean energy sector.
Reliance Industries is looking to turn net carbon neutral by 2035 and become a part of India's renewable energy growth story as it invests $10bn in the business over the next three years.Read about who are its chief competitors in the field and what Reliance's renewable energy blueprint looks like.
Click on the link below.https://transfin.in/reliances-move-towards-renewable-energy-an-analysis
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