Delhi HC upholds SECI's solar capacity reallocation to Adani
pre-market1 source ↓written by the desknot a recommendation
- of solar capacity
- 2.33 GW
The Delhi High Court has upheld the SECI's decision to reallocate 2.33 GW of solar capacity from Azure Power India to Adani Green Energy. This ruling follows a public interest litigation alleging irregularities in the bidding process. The court declined to investigate further, emphasizing the need for judicial restraint.
This decision may bolster Adani's position in the renewable energy sector, potentially impacting investor sentiment and market dynamics.
Not investment advice. For informational purposes only.