Billionaire Gautam Adani’s Mundra power plant is a coal-fired colossus that has burned through money for years, running up $1.8 billion in losses. Adani has deployed more than $1 billion of creative debt-financing, but auditors say they can’t make sense of the math. Menaka Doshi reports on Bloomberg Television. Read the full story here: https://www.bloomberg.com/news/articles/2023-03-05/adani-stuffs-power-plant-with-1-billion-debt-that-won-t-go-down
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Began his journey to building India’s largest private sector thermal power generation company few Ed by adani mind coal in Indonesia the plant ran short after a change in Indonesia’s export pricing policy Indian state-owned buyers refused to pay more for the power adani power is a separate entity to the coal mining
Owning company that’s adani Enterprises so as a separate listed company adani power would rather turn off than honor a contract decade-long legal dispute has meant many plant shutdowns and a completely eroded net worth adani’s own auditor has repeatedly pointed out that the plant is run up major losses since it opened over
A decade ago despite repeated audit qualifications adani power puts the plant’s worth at over 90 billion rupees or 1 billion dollars long-running accounting dispute is among the concerns short seller Hindenburg research raised on the funding and valuation of adani group companies Bloomberg News
FRAUD FELLOW FRIEND OF MODI AND ENEMY OF 1 BILLION POOR INDIANS
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bhrahmin quota prople 😂😂😂🤣🤣🤣
Pepsi cola lolipop, adani companies on the top ❤
We are happy with Adani… Why Bloomberg getting frustrated on Adani success
Bloomberg greenies have nothing to say: Otherwise they will suddenly lose their health.
Adani is Back …stock double last week💪🇮🇳💪🇮🇳
Sell the debt as in USA…
Bloomberg hates India and Hindus.
Don't worry, India will come out on top… Next 2 decades belongs to India
If there was a reward for creative accounting practice, for sure Adani would get the top reward!!!
Maybe they should play victim and Biden will bail them out.
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