Adani Group mcap regains $200 bnmark as it rebuts coal invoicing charge
Millennium Post Delhi|May 23, 2024
Apples-to-airport conglomerate gained Rs 56,250 cr in market capitalisation in last two trading sessions
Adani Group mcap regains $200 bnmark as it rebuts coal invoicing charge

Adani Group's market capitalisation on Wednesday regained USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company.

With Rs 11,300 crore gain on Wednesday, the apples-toairport conglomerate gained Rs 56,250 crore in market capitalisation in the last two trading sessions, stock exchange data showed.

The gain came on a day when London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP) in a report alluded to a fraud by Adani group by selling low grade coal as high value fuel in 2013.

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