Environmental problems require tough decisions. Is that why we bury our heads in the sand every 5 June?
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The US indictment alleging bribery for solar contracts by the company’s promoters and management has activated many potential issues in loan agreements signed by the renewables major.
With three promoters—Reliance, Shapoorji Pallonji Group and the Daruvala family—the EPC firm is already treading on thin ice. The prospect of a disagreement or distress sale upsetting the delicate balance is a constant worry for investors.
Armed with a war chest, the energy business of the JSW Group plans to duke it out, but in a way that’s uncharacteristic of India’s renewables sector.