Essayer OR - Gratuit
Ambani-Adani's joint power play?
The Morning Standard
|March 31, 2024
No signs of powerful billionaires joining forces soon in other areas of common interest
-
THE purchase of a 26% stake by Mukesh Ambani-led Reliance Industries Ltd (RIL) in a Madhya Pradesh power project owned by Gautam Adani's Adani Power is seen as a 'landmark' development in India's corporate world.
However, this partnership is rather driven by current electricity norms around captive power units and there are rarely any signs of the two powerful billionaires joining forces soon in other areas of common interest.
"Reliance had limited choice other than to tie up and purchase a 26% stake in the power plant owned by an Adani Group company. Adani's Mahan Energen is the only facility in the area that has the capacity to readily provide the power requirement of Reliance and as per electricity rules around captive power units, it became the right thing for the two to tie up," said a partner at a leading consultancy firm requesting not be named. He added a handful of similar deals take place every year in the country and RIL as well as Adani have captive power units around their mega factories.
Cette histoire est tirée de l'édition March 31, 2024 de The Morning Standard.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Morning Standard
The Morning Standard
Dalits, backward classes lose out to SP’s core voter constituencies in UP
WHEN the Samajwadi Party (SP) bagged 37 of 80 Lok Sabha seats in UP in 2024 polls by playing out its PDA (Pichhda, Dalit and Alpsankhyak) narrative, it was expected that leaders from backward classes, Dalits and Muslims would get wider representation in the party structure.
1 min
March 08, 2026
The Morning Standard
A NEW POLITICS OF GOVERNORS
THE centre cannot hold unless the balance between authority and autonomy is maintained with vigilance.
4 mins
March 08, 2026
The Morning Standard
WAR & HOW TO REPORT NEXT WEEK’S NEWS
USUALLY, one hears of chief ministers being changed just before an election.
4 mins
March 08, 2026
The Morning Standard
Govt relaxes export obligation deadlines till Aug
THE Union government has extended the export obligation period up to six months till August 31, according to notification from the Directorate General Foreign Trade (DGFT) on Saturday.
1 min
March 08, 2026
The Morning Standard
MILLENNIAL IN A HIMALAYAN HOT SEAT
A 36-year-old man of great determination has emerged as the leader most young Nepalis looked up to when politics appeared bleak to them.
3 mins
March 08, 2026
The Morning Standard
Hanuman's Restraint
Ravana's brother, Kumbhakarna, was as huge and powerful as a mountain.
2 mins
March 08, 2026
The Morning Standard
Oppn decides to corner govt on foreign policy
AS Parliament reconvenes on Monday for the second phase of the budget session, proceedings in the Lok Sabha and the Rajya Sabha are expected to be stormy again.
1 min
March 08, 2026
The Morning Standard
TRUMP’S WAR-A-LAGO TRAPS WORLD ON IDES OF MARCH
THE war in West Asia—waged by the US and Israel over Tran—entered the second week on Saturday.
4 mins
March 08, 2026
The Morning Standard
Rohit meets Kejriwal, seeks support for probe into Ajit Pawar death
NATIONALIST Congress Party (Sharad Pawar) MLA Rohit Pawar on Saturday met former Delhi chief minister Arvind Kejriwal at his residence, requesting support on the criminal investigation into the death of former Maharashtra deputy chief minister Ajit Pawar.
1 mins
March 08, 2026
The Morning Standard
Jeweller’s employee and his two aides held for ₹54L theft
A jeweller’s employee and his two associates have been arrested for allegedly fleeing with %54 lakh entrusted to him for a transaction in north Delhi’s Chandni Chowk, police said.
1 min
March 08, 2026
Listen
Translate
Change font size