How a railway line made the Adani family richer by Rs 5,000 crore

In 2015, an entity controlled by Gautam and Rajesh Adani acquired Sarguja Rail Corridor for Rs 58 crore, now sold to Adani Ports for Rs 5,000 crore in shares.

April 27, 202215 min
0
How a railway line made the Adani family richer by Rs 5,000 crore

You may also like

Business
Story image

Anil Ambani owes his gravy train ride to apathy, leniency

Multiple institutions have failed in their duty to pursue the litany of cases against Ambani and his companies. This has facilitated a comeback that should never have been

Business
Story image

Adani is blazing the trail in India's coal comeback

Adani Power has boldly taken on the mantle of coal power's comeback in the country. But in doing so, it faces critical risks around asset obsolescence and climate misalignment.

Business
Story image

Anil Ambani’s comeback is anything but one

The return to profitability and the deleveraging at Reliance Power and Reliance Infra are not what they’re cracked up to be. Plus, as their promoter, his past continues to haunt the two surviving group companies.