Adani Group loses Sri Lanka power contract

Sri Lanka's power purchase deal intact, Adani says, denying AFP report
India's Adani Group's power purchase deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.
Adani Green Energy share price dips as Sri Lanka revokes $440 million power purchase deal
Adani Green Energy shares fell nearly 6% after reaching a day’s high, following a report that Sri Lanka cancelled a $440 million power purchase agreement with the company.
Sri Lanka Revokes Adani's $442 Million Wind Power Project Amid Court’s Trial And Allegations Of “Backdoor Entry”
Sri Lanka has revoked a 2024 power purchase agreement with Adani Green Energy for a proposed wind power plant in the Northern Province, amid corruption allegations, AFP reported on Friday (24 January).
Sri Lanka revokes Adani wind power purchase agreement
Sri Lanka has revoked a power purchase agreement with Adani Group’s renewable energy unit after allegations of corruption levelled against the Indian conglomerate in the US last year that brought some of its foreign projects under fresh scrutiny.
Sri Lanka power projects not cancelled: Adani
Adani Group has clarified that their power purchase agreement for wind power projects in Sri Lanka has not been revoked, despite reports to the contrary. A standard review of the tariff is underway by the Sri Lankan government,
Adani Group denies cancellation of Sri Lanka power purchase deal, says it is committed to invest $1 bn for green projects
Adani Green Energy's stock experienced a decline following the news of Sri Lanka's termination of the power purchase agreement, reaching a daily low of Rs 1,008.
Sri Lanka revokes Adani wind power deal; Group denies cancellation claims
Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year
Sri Lanka’s AKD Government scraps 500 MW Adani Wind Power deal: Report
Sri Lanka’s Cabinet, under President Anura Kumara Dissanayake, has canceled the award of 484 MW wind power plants in Mannar and Pooneryn to Adani Green Energy SL Ltd, a project initially granted in June 2024 by former Prime Minister Ranil Wickremesinghe.
'False, Misleading...' Adani Group On Cancellation of Sri Lanka Power Purchase Deal - See Statement
The Adani Group, led by Gautam Adani, has refuted claims that Sri Lanka officially revoked its power purchase agreement (PPA) with the Indian conglomerate due to corruption allegations. The group has
Adani Group denies cancellation of wind power projects in Sri Lanks's Mannar and Pooneryn
Reports that Adani Group's 484 megawatts (MW) wind power projects in Sri Lanka's northern Mannar and Pooneryn districts have been cancelled are false and misleading, an Adani Group spokesperson said Friday.
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Adani denies cancellation of wind power project
Adani Group yesterday denied cancellation of its 484 MW wind power project in Mannar and Pooneryn. In a statement Adani said ...
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Adani Power's stock has upside potential of 54.5 pc in next 24 months: Ventura
Enhanced coal availability and business expansion are fuelling the growth of Adani Power Ltd, according to brokerage firm ...
Ventura sees 57% upside in Adani Power in 2 years, lists 5 reasons for investment
Adani Powers FY27 valuation may seem steep, but its strong profit growth-to-RoIC ratio and industry-leading revenue and ...
Broker’s call: Adani Power (Buy)
Adani Power Ltd's strong financial performance driven by rising power demand and improved coal availability, with a target of ...
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BTL EPC Ltd Secures Back-to-Back Orders Worth Rs1200 Crore (including GST) from Adani Power and NTPC
BTL EPC Ltd, a flagship company of the Shrachi Group, has achieved a significant milestone by securing two back-to-back ...
Republic Business on MSN1d
Adani Power Q3 Results Date and Time: Adani Group Co. to Announce Quarterly Earnings
Adani Power, one of the country’s leading energy giants, has provided details about their meeting regarding the Q3 results. The company informed that its board members will meet to assess the unaudite ...
The Daily Star4d
Clear $845m by June to avoid late charges
India’s Adani power has asked Bangladesh Power Development Board to pay $845 million in arears by the end of June or face ...