Adani’s ties with Adi group make convenient business sense

/ Aadarsh Shah, Adani, Adani Enterprises, Adani Global, Adi group, business relationships, coal imports, coal trading, commodity trading, Financial Times, Gautam Adani, government contracts, imported coal, Indonesia, middlemen, proxy, Real Estate, related party transactions, supplier relationships, Utkarsh Shah

Ostensibly competing suppliers of imported coal, the two business groups are joined at the hip and may actually be helping each other out. An investigation by The Morning Context lays out how the lines between client, supplier, investor, associate and proxy blur. The Adi group’s businesses range from coal and commodity trading to real estate development. Its founder, Utkarsh Shah, is described as a friend of Adani group chairman Gautam Adani for over 30 years.

Published by: The Morning Context
Read full story here: Main Article

Leave a Comment

Your email address will not be published. Required fields are marked *

Start typing and press enter to search

Scroll to Top