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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The recent recommendation to allow expansion of the mine is a sign of development overcoming environmental concerns and Rajasthan’s continued hunger for coal.
Editor's note: There’s a coal mine in central India that is perhaps the most storied and controversial of India’s mines. It helped launch the Adani group’s coal operations when it was still a commodities and ports company and Gautam Adani wasn’t yet Asia’s richest person. And, over the years, it has has gone through every imaginable controversy—from the coal scam to questions of forest conservation and rights of the local tribespeople. Yet, from being nearly shut down twice for violating mining and environmental laws, the Parsa East Kente Basan (PEKB) coal mine in northern Chhattisgarh has come a long way. It is currently the largest operational mine in the Adani group, which runs it as a contractor for a Rajasthan government utility. Earlier this week, I noticed there was a new development, not yet reported in the press. An expert panel in the environment ministry had recommended a 20% expansion of the mine. If that gets the final approval of the ministry (such recommendations almost always do), the PEKB mine would have nearly doubled in capacity since it began operations in 2013. …
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
A proposed SEC settlement lifts the biggest overhang on the Adani Group—its access to US capital markets.
The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.
