Report on supply of 'low quality' coal false, baseless: Adani Group [Times Nation]
They suggest that Adani may have fraudulently obtained bumper profits at the expense of air quality since lowgrade coal for power means burning more of the fuel the FT report alleged The Adani Group said that the suggestion that Adani Global Pte Ltd supplied to TANGEDCO inferior coal as compared to the quality standards laid down in the tender, PO was incorrectWhile it is difficult for us to comment on individual cases due to the sheer volume of data, the elapsed time not to add the contractual, legal obligations it is important to note that the coal supplied irrespective of the declaration by the supplier is tested for quality at the receiving plant said the Adani statementAdani Groups market capitalisation on Wednesday regained200 billionmark Rs 169 lakh crore after its listed firms gained Rs 11300 crore as investors brushed off the allegations made by the Londonbased newspaper
Published in The Times of India (Online) (23.05.2024)
Get full text
Published in The Times of India (Online) (23.05.2024)
Newspaper Article