Renewable companies’ debt binge + Another order on eco-sensitive zones

Rising debt levels of Indian renewable energy companies are a cause for concern; the Supreme Court has passed an order on the size of buffer zones around sanctuaries.

Yesterday, The Morning Context carried a story on the 40% increase in the Adani group’s outstanding debt in 2021-22 from the previous financial year. The group’s debt has been the subject of curiosity for a while, including the likes of Subramanian Swamy. My colleague Advait’s piece seeks to understand the reasons behind the recent increase in debt, and who is lending the monies. I will leave you to read it to know more, but I want to address one part here which caught my attention. In the sprawling Adani empire that spans seven listed companies, two accounted for most of …

Author

Nihar Gokhale

Nihar Gokhale led the Chaos coverage at The Morning Context. Nihar wrote on the environment, the economy and resource conflicts in India. He has reported from across the country on everything from displacement, pollution and environmental violations to land regulation, corruption and human rights. He was earlier associate editor at Land Conflict Watch, and his work has appeared in Scroll, The Wire, IndiaSpend, The Caravan and Mongabay India.

Editor, Chaos

nihar@mailtmc.com

Delhi