Delhi HC upholds SECI's solar capacity reallocation to Adani
after close1 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, stating it would not engage in a fishing expedition.
This decision may enhance Adani's market position in the renewable energy sector, impacting investor sentiment positively.
Not investment advice. For informational purposes only.