Adani Watch, News

Hindenburg fallout blankets India’s Parliament, Supreme Court, stock market and projects

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Three months after the release of the explosive Hindenburg report on the Adani group, the issue continues to galvanise India’s political opposition. The recent session of Parliament was dominated by opposition calls for an investigation of the Hindenburg allegations by Parliament. Rahul Gandhi of the Congress party has effectively been elevated to the position of the leading Opposition politician following his repeated questioning of Prime Minister Modi about his close ties to the Adani Group. Gandhi’s disqualification from Parliament, a move apparently engineered by the ruling party, has accentuated his prominence.

Adani Watch, News

Is Bangladesh’s electricity contract with Adani legally void?

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Bangladesh is attempting to re-visit the deal it made with Adani for buying electricity from its Godda power plant. According to the Bangladesh power company buying the power, Adani is charging too high a price for its coal imports. In this exclusive analysis of the official contract between Adani and Bangladesh, AdaniWatch asks whether the agreement should be considered legally void due to Adani’s inclusion of costs that appear to be non-existent. The agreement as it currently stands will cost Bangladesh significantly more than it should. The cost of power from Godda will be three times more than that imported from other Indian power plants.

Adani Watch, News

Adani’s power grab sparks fears of privatisation

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A grab by the Adani Group for power-transmission licences in Mumbai and a satellite of new Delhi is part of a wider push for privatisation of the power-distribution sector, according to electricity unions. Industrial action in January 2023 prompted government officials to consider this concern. However, the ultimate decision-making authority lies with a regulatory body. Unions protesting about Adani’s move are concerned the company will ‘cherry pick’ its customers.

Adani Watch, News

Adani completes takeover of formerly independent TV station

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The Adani Group is now the majority owner of the Indian television news network NDTV (New Delhi Television) after its co-founders, husband and wife Prannoy and Radhika Roy, sold most of their stake to the Group over the Christmas period. In a statement, the Roys said they have had discussions with Adani Group chairman, Gautam Adani, and that they are hopeful he will preserve NDTV’s values of Trust, Credibility and Independence.

Adani Watch, News

Adani Power Limited vs Haryana: The making of a power crisis

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An engineers’ union has alleged that an Adani-owned coal-power station is part of an unauthorised scheme to divert electricity that is contracted to supply the northern Indian state of Haryana to the western state of Gujarat – the home state of Adani chairman Gautam Adani and India’s Prime Minister Narendra Modi. According to the union’s complaint to authorities, the diversion occurred in the peak of the summer months, while Haryana was facing a debilitating heat wave and rolling blackouts.

Adani Watch, News

Rahul Gandhi in the thick of a three-government stoush over Adani’s Hasdeo coal projects

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Adani’s plans for huge new coal mines in India’s Hasdeo forests have created a political stoush involving three governments. One state government has asked the national government to revoke mining permits. Another wants the coal. And the national government says the decision to destroy the forests has already been made. In the midst of all this is Rahul Gandhi, one of India’s most prominent politicians.

News, The Probe

Pawan Hans Sale: Cayman firm’s owners’ claims don’t add up

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In an interview with The Probe, Amardeep Sharma, the owner of the Cayman Islands-registered Almas Global Opportunity Fund (AGOF), claimed that the entity was eligible to bid for the government-owned helicopter service provider Pawan Hans Limited. He also asserted that the fund had no connection to Kudakwashe Reginald Tagwirei – a controversial businessman from Zimbabwe who has been sanctioned by the governments of the United States and the United Kingdom.

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