Government may cancel Adani contract over irregularities
pre-market1 source ↓written by the desknot a recommendation
The adviser to the Ministry of Power, Energy and Mineral Resources stated that the contract with Adani could be cancelled if any irregularities or corruption are proven. This follows a review of contracts under the Quick Enhancement of Electricity and Energy Supply Act. Cancelling such contracts may lead to substantial fines from international courts.
Not investment advice. For informational purposes only.