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Power pact: Ambani takes 26% in Adani's MP project
Credit: IndiaTimes- Published on March 28, 2024
Mukesh Ambani's Reliance to buy 26% in Adani's Mahan Energen unit, sourcing 500MW. The deal ensures exclusive power arrangement for 20 years. Adani and Ambani, industry rivals, venture into a strategic power agreement with undisclosed usage plans.
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