Are Adani Green Energy’s debt-fuelled sunny days coming to an end?

Charges of fraud levelled against chairman Gautam Adani and two key board members could spell trouble for India’s largest renewable energy developer, especially when its entire growth strategy is contingent on raising debt.

21 November, 202411 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

On air pollution, power producers get a hall pass

India has rolled back rules that require thermal power plants to install equipment to cut sulphur dioxide emissions, marking yet another failure in the fight against air pollution.

Business
Story image

Has IndiGrid cracked the green finance code?

Blending capital from investors with varying risk appetite to fund green projects has emerged as a reliable model for the KKR-backed InvIT—its latest for India's largest battery energy storage project being an example.

Business
Story image

Several issues are muddying the waters for Kent’s IPO

The popular appliance maker’s DRHP throws up multiple red flags, including large-scale slippages in business performance, that detract from its appeal. Should it then even go public?