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India’s Andhra Pradesh state likely to suspend Adani power deal 

25 November 2024
in Business
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India’s Andhra Pradesh state likely to suspend Adani power deal 
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India’s Andhra Pradesh state is set to suspend a power purchase deal with Adani Group following the U.S. indictment of founder Gautam Adani for an alleged bribery scheme. This move marks the first action by an Indian state government in response to U.S. prosecutors charging Adani and others with bribery related to solar power contracts, highlighting significant national implications for the business and finance sector in India.

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Tags: AdaniAndhradealIndiasPowerPradeshstatesuspend
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