The two groups are in the middle of a little-discussed, high-stakes legal battle over a transmission line in Mumbai that has huge ramifications for the power sector.
A tense legal battle is underway between the Tata and Adani groups—two of India’s biggest conglomerates—for a Rs 7,000 crore underground electricity transmission cable in the heart of Maharashtra.
In March this year, the Maharashtra Electricity Regulatory Commission awarded the transmission project to Adani Electricity Mumbai Infra Ltd (AEMIL), a subsidiary of Adani Electricity Mumbai Ltd (AEML), which in turn is a subsidiary of Adani Transmission Ltd. With this project, the Adani group would be able to tap an additional 1,000 megawatts worth of electricity to be supplied to the Mumbai Metropolitan Region.
The project was originally conceived in 2011 …
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai