Hindenburg Research in 2023 on Adani

Adani Power secures controversial energy bid ahead of elections in Maharashtra

NEW DELHI: Maharashtra’s state electricity distribution company, MSEDCL, has awarded a major contract to Adani Power to supply 6,600 MW of bundled renewable and thermal energy.  The Adani Group’s bid, priced at ₹4.08 per unit, is almost ₹1 lower than Maharashtra’s current electricity procurement costs. The deal involves supplying 5,000 MW of solar energy from […]