Adani axes projects and spending in wake of Hindenburg rout

/ Adani, Bloomberg, coal to PVC, debt crisis, fossil fuel, Gautam Adani, GQG Partners, green hydrogen, Hindenburg, Investment, LIC, market capitalization, offshore companies, project cancellation, solar module, stock market, Total Energies, Uttar Pradesh, Vinod Adani

Major fossil-fuel projects have a question mark hanging over them since Adani’s Hindenburg-driven credit crunch. Three months on from the bombshell Hindenburg report, the Adani Group’s fortunes are yet to turn. The Hindenburg allegations have created a lasting political scandal in India. Meanwhile, on the business side of things, the group faces a persistent debt crunch. Continuing media scrutiny has resulted in a flow of damaging revelations about the group’s businesses. Despite a halting recovery in the stock markets, the group’s net loss since the Hindenburg report is still over US $100 billion.

Published by: Adani Watch
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