/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Chhattisgarh CM’s decision to reduce the Lemru reserve could see the Adani and Aditya Birla groups start mining operations without the hassle of wildlife clearances.
Chhattisgarh chief minister Bhupesh Baghel recently did a U-turn on the size of a proposed elephant reserve. He sought to shrink the upcoming Lemru Elephant Reserve to just a tenth of its planned size, shows correspondence of the state forest department.
On the face of it, his decision would appear to have something to do with elephants, except for the tiny detail that if the state acts upon the chief minister’s command, four coal blocks that fall within the originally proposed larger area of the reserve will be left out. These are the Kente Extension, Parsa and Gidhmuri Paturia coal …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
The Sprng Energy acquisition gives Aditya Birla Renewables instant scale and diversification. But high leverage, execution delays and margin pressures point to a tough test ahead.
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.
