Adani Group has planned to invest Rs 20,000 crore in setting up a super critical thermal power plant in Bihar. The development comes amid its plans for expands its cement, food processing and logistics business in the state.
The short but incisive video narrates the story of Tamtu, a young boy from a village who along with his father has been spending nights in darkness, waiting for the electricity to knock on their doors.
Adani Group has sufficient liquidity and operational cash flows to meet its debt obligations and planned capital expenditures in the medium term, said CRISIL Ratings on Friday.
After the indictment by the US Securities and Exchange Commission (SEC), the rating agency Fitch has revised the outlook on four Adani group firms from “stable” to “negative”.
The Telangana government has refused Rs 100 crore donation from the Adani Foundation for the Young India Skills University following the recent fraud charges brought by the US against the billionaire.
The SEBI chief has already denied the allegations in the Hindenburg report as baseless.
In a stock exchange filing, the Group completely rejected these allegations “which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Honourable Supreme Court in January 2024”.
Her response, Hindenburg said, publically confirms her investment in the obscure Bermuda/Mauritius fund structure, alongside money allegedly siphoned by Vinod Adani, the brother of Adani Group boss Gautam Adani.
The Adani Group further clarified that it has "absolutely no commercial relationship with the individuals or matters mentioned in this calculated, deliberate effort to malign our standing."
"Conflict Or Capture? Either Way, We Do Not Think SEBI Can Be Trusted As An Objective Arbiter In The Adani Matter...," the report said.
