HC orders review of power deals with Adani Group

The High Court has ordered the authorities concerned to form a high-powered committee to review all the power contracts signed by the Awami League government with India's Adani Group and submit a report within two months. The HC bench of Justice Farah Mahbub and Justice Debashish Roy Chowdhury passed the order

Adanient, Adani Ports, up 3pc on debt financing

Adani Enterprises (NSE: ADANIENT) and Adani Ports (NSE: ADANIPORTS) are both up 3% and change on Friday on the back of news about a possible debt raise by the Adani Group. That debt raise is variously put at $800 million to $1 billion. It's not really all that normal for

BNP demands cancellation of power deal with Adani

Terming anti-state the government's power deal with the Indian Adani Group, BNP on Thursday demanded immediate cancellation of the agreement. "People of Bangladesh have already received a copy of the contract with Adani Group. This is an extremely uneven deal signed with an ulterior motive," said BNP Secretary General Mirza Fakhrul

Top policymakers briefed on talks with Adani Group

The government's top policymakers have been briefed about the outcome of a meeting the state-owned Bangladesh Power Development Board had with a visiting team of Adani Group on coal pricing issue under its power purchase deal with the Indian conglomerate.  According to official sources on Tuesday, the officials of the BPDB

Power deal with Adani Group uneven: Fakhrul

BNP Secretary General Mirza Fakhrul Islam Alamgir on Tuesday termed unnecessary and uneven the government's power deal with the Indian Adani Group, and said Bangladesh will be unable to reap benefits from the project.  "The government has signed a power contract with India's Adani Group. Everyone at home and abroad is

TIB for reviewing Dhaka’s power deal with Adani Group

Transparency International Bangladesh (TIB) on Friday asked the Bangladesh government to reconsider and if necessary cancel what it calls the vague and inequitable power purchase agreement with Adani Group.  "TIB expressed deep concern that the Bangladesh's power sector may become hostage to this controversial company if the unequal, opaque and discriminatory

Adani Group pre-pays $1,114m loans

Leading Indian multinational conglomerate Adani Group promoters have paid the amounts to pre-pay $1,114 million loans ahead of its maturity in September 2024, the company said in a statement. The decision was taken in the of light market volatility and in continuation of the promoters’ commitment to reduce the overall promoter