The last year has seen the mercurial rise of a little known Adani business. Investors would do well to tread with caution.
Irony has a delightful way of finding unsuspecting subjects. The Adani Group, run by billionaire Gautam Adani, which has for the longest time been known for its coal-fired power plants, considered the most polluting source of energy on the planet, and served as a target for numerous protests by climate change activists for contributing nothing but toxicity to our fragile ecosystem, almost by serendipity finds itself as one of the champions of clean, sustainable energy today.
In a spectacular turn of events that perhaps only stock markets can script, in just the last year, the share price of the Ahmedabad-based …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai