Adani Group loses Sri Lanka power contract

Sri Lanka revokes power purchase deal with Adani Group, AFP reports
Sri Lanka has revoked a power purchase deal with India's Adani Group after a probe into U.S. allegations that the conglomerate's executives paid bribes to secure Indian power supply contracts, according to an AFP report published by the Economic Times newspaper on Friday.
Adani Group denies cancellation of Sri Lanka power purchase deal, says it is committed to invest $1 bn for green projects
Adani Green Energy's stock experienced a decline following the news of Sri Lanka's termination of the power purchase agreement, reaching a daily low of Rs 1,008.
'False and misleading’: Adani Group denies reports of Sri Lanka power deal cancellation
Earlier, the Sri Lankan media reported that the President Dissanayake-led cabinet had revoked a decision made in May 2024
Sri Lanka's power purchase deal intact, Adani says, denying AFP report
India's Adani Group's power purchase deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.
Adani Group Rejects Claims Of Sri Lanka Wind Power Project Cancellation
Adani Group said that the Sri Lankan government's tariff review is a routine measure under the new administration and does not impact its planned wind power projects in Mannar and Pooneryn.
Sri Lanka cancels Adani Group's $440M power purchase deal
Sri Lanka has canceled a power purchase agreement with Adani Group, amid corruption allegations against the company's founder, Gautam Adani . The decision was taken by President Anura Kumara Dissanayake's administration, which is now reviewing the proposed wind power project.
Adani Group denies cancellation of Sri Lanka power purchase deal
India’s Adani Group has denied the cancellation of its $440 million power purchase deal with Sri Lanka, terming the reports as “false and misleading”
Sri Lanka revokes power purchase deal with Adani
Sri Lanka has revoked a power purchase agreement with Indian conglomerate Adani Group following allegations of corruption, energy ministry sources in Colombo said on Friday..President Anura Kumara Dis
Press Trust of India on MSN1h
Adani Group appoints independent law firms to review US indictment
New Delhi: The Adani group has appointed independent law firms to review the US indictment against its founder chairman, ...
Adani appoints independent law firms to review U.S. indictment
Adani Green Energy Ltd addresses U.S. indictment, appoints independent law firms for review, denies all charges.
India’s Adani Green appoints law firms to review US indictment
US authorities indicted Adani and other top executives, alleging that they paid bribes to secure power supply contracts.
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‘Adani Group’s foray into SL blending profit-taking with regional dominance’
By Ifham Nizam The Adani Group’s foray into Sri Lanka’s renewable energy sector has ignited significant debate, blending environmental, economic, and geopolitical narratives. Some of the Group’s ...
Strategic Exit: Behind the Adani Group's decision to sell its stake in FMCG food business
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Adani Infra seeks CCI clearance to acquire majority stake in PSP Projects
PSP Projects, which has industrial, institutional, residential and luxury projects like the Surat Diamond Bourse, had an order book of Rs 6,546 crore as of September 2024.