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Adani suspected of fraud by selling low-grade coal as high-value fuel https://www.ft.com/content/7451f2de-91fa-49f3-acb3-e83ab5c00eff  

Invoices show that in January 2014 Adani purchased an Indonesian shipment of coal said to contain 3,500 calories per kilogramme. The same shipment was sold to the Tamil Nadu Generation and Distribution company (Tangedco) as 6,000-calorie coal, one of the most valuable grades. Adani appears to have more than doubled its money in the process, after transport costs. ..The FT has also matched documentation for a further 22 shipments in 2014 involving the same parties that indicates a pattern of grade inflation in the supply of 1.5mn tonnes of coal.

..Adani denies allegations of fraud. A spokesperson for the group said the quality of the coal was independently tested at the point of loading and discharge, as well as by customs authorities and Tangedco scientists: “With the supplied coal having passed such an elaborate quality check process by multiple agencies at multiple points, clearly the allegation of supply of low-quality coal is not only baseless and unfair but completely absurd.”

..“Given the market power of coal suppliers, [utilities] often don’t have a choice but to accept grade slippage,” said Rohit Chandra, assistant professor of public policy at IIT Delhi. “Third-party testing has done very little to address these concerns.”

अदाणी का कोयला कांड | Adani's Coal Connection https://www.youtube.com/watch?v=VeYUhRxS_ts Ravish Kumar Official
May 22, 2024 
प्रधानमंत्री मोदी ने जिस टेम्पो का ज़िक्र किया था कि उसमें नोट भर कर अंबानी और अदाणी कांग्रेस को भेज रहे थे, लगता है वो टेम्पो मिल जाएगा। फाइनेंशियल टाइम्स में जो ख़बर छपी है उसे पढ़ कर इस बात की कल्पना की जा सकती है कि वो टेम्पो घटिया क्वालिटी का कोयला ढोने में लगाया गया होगा। खराब कोयला बेच कर सरकार से बढ़िया क्वालिटी का दाम लिया जा रहा था। इस रिपोर्ट में यह भी दावा किया गया है कि ख़राब क्वालिटी का कोयला बेचने के कारण भारत के अलग अलग शहरों में वायु प्रदूषण बढ़ा है, और सरकारी ख़ज़ाने को चूना लगाया गया है। हम अपनी तरफ़ से आरोपों की पुष्टि नहीं करते हैं, पर आप फाइनेंशियल टाइम्स की रिपोर्ट यहाँ पढ़ सकते हैं -

How Adani Became India's Richest Man https://www.youtube.com/watch?v=RuesKlOfVaM Soch by Mohak Mangal

https://docs.google.com/document/d/1NhDsNEhgajm6q0NVuKLvoBNCWYrFb3aX9ORCqLARDkQ/edit

https://time.com/6238075/india-ndtv-gautam-adani-narendramodi/
https://www.indiatoday.in/magazine/nation/story/19770415-during-the-emergency-only-three-newspapers-put-up-a-semblance-of-resistance-818860-2015-04-22

How the Adani Group reduced leverage to emerge stronger in the 12 months following the Hindenburg allegations https://economictimes.indiatimes.com/news/company/corporate-trends/how-the-adani-group-reduced-leverage-to-emerge-stronger-in-the-12-months-following-the-hindenburg-allegations/articleshow/106601675.cms  Rajesh Mascarenhas & Swaraj Dhanjal Jan 6, 2024 “Our sense is that the Hindenburg saga has proved to be a blessing in disguise for the Adani Group as the company has aligned its corporate strategy with the larger, shareholders’ interest,”

The group’s valuation crashed by over 66% in two weeks— from ₹19.2 lakh crore to ₹6.7 lakh crore.
The share prices have recovered since, though not fully. The overall market capitalisation has rebounded by ₹8.5 lakh crore from the February 2, 2023, lows, but it still remains ₹4 lakh crore below its value on January 24 last year.

The promoters raised ₹39,325 crore by selling their stakes in group companies. and (QIA) Rajiv Jain’s GQG Partners $4.21 billion investment in various Adani stocks in March-August 2023 has more than doubled by now, while Qatar Investment Authority QIA’s $474 million investment in Adani Green has yielded a 74% return so far.

In the nine months to September, Retail investors in Adani Enterprises went up by more than 3 lakh. In Adani Total Gas, they went up by 3.5 lakh and in Adani Green by 2.8 lakh.