Adani Power, part of the sprawling Indian conglomerate led by Gautam Adani, has issued an ultimatum to the Government of Bangladesh: settle $800 million in outstanding payments by November 7 or face a complete power supply cut. The power supplied to Bangladesh originates from the 1,600 MW Godda coal-fired power plant in Jharkhand, India. Adani […]
In a fresh regulatory blow to the Adani Group, India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued show-cause notices to six companies within the conglomerate. The notices, filed under scrutiny for non-compliance with listing regulations and questionable related party transactions, affect several of Adani’s prominent companies, including Adani Enterprises, Adani […]
Coal India Limited is moving ahead with a substantial Rs 67,000 crore investment to develop coal-fired power plants near its mines. This strategy aims to reduce transport costs and enhance economic efficiency by locating the plants close to coal mines, especially in Odisha. With the Indian government planning to add 88 gigawatts of thermal capacity […]
As global leaders gather at the UN Climate Change Conference (COP 28) in the UAE, Adani Power Ltd., India’s largest private sector power generator, announces a revolutionary step in its decarbonization efforts. The company has launched a green ammonia combustion pilot project at its Mundra plant, aligning with the global push to fast-track energy transition […]