Adani Group

News, The Morning Context

Pledge agreements show Adani Green could have breached loan covenants

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Pledge agreements show Adani Green could have breached loan covenants. Adani Green Energy Ltd (AGEL) faced allegations that could constitute an Event of Default under its loan agreements, partly due to an investigation related to Gautam Adani and others. The agreements contain a representation that the borrower is not subject to any investigation that could materially and adversely impact its ability to fulfill the terms of the deal. The article discusses UK holding structures and the potential fallout.

Adani Watch, News

‘I decided that I would dedicate my life to helping the tribals of Hasdeo fight to protect their land.’: Goldman Prize winner, Alok Shukla

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Alok Shukla, defender of the Hasdeo forests and its people, receives the prestigious Goldman Award, May 2024. Abir Dasgupta interviews him for AdaniWatch. The Adani Group operates a coal mine in the forests and is attempting to develop more, despite the opposition of people who depend on the forests for their livelihoods and way of life.

Adani Watch, News

Chaotic scenes as authorities try to strong-arm village approval for Adani coal-mine expansion

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Chaotic scenes as authorities try to strong-arm village approval for Adani coal-mine expansion. The Adivasi tribal residents of the Hasdeo Aranya forest in the central Indian state of Chhattisgarh are dealing with a mix of good and bad news. On the one hand, they have reason to celebrate as an interim order by the Chhattisgarh State Scheduled Tribes (ST) Commission has temporarily put a stop to a coal mine being opened in the Parsa coal block, which is adjacent to the PEKB coal deposit.

Frontline, News

The other ‘coal scam’

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Fresh evidence surfaces in the decade-long probe into “over-invoicing” of coal imports totalling over Rs. 35,000 crore by corporates including Adani. This scam’s main victim was the public at large rather than the government’s coffers. The Directorate of Revenue Intelligence (DRI) had found evidence that over 40 companies were over-charging for coal that was imported and sold to thermal power plants across the country.

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