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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Gautam Adani

Indian billionaire businessman
Shiv Sena (UBT) leader Sanjay Raut has alleged a "big conspiracy" in the Maharashtra assembly polls, where the Mahayuti is set to secure a two-thirds majority...
Credit: IndiaTimes - Published 19 hours ago

Addressing a press conference at the KPCC office, he said, "Our leader Rahul Gandhi has been highlighting corruption by industrialist Adani. Despite that,..
Credit: DNA - Published 19 hours ago

Congress leader Rahul Gandhi has again criticized Gautam Adani. He links Adani to PM Modi and alleges corruption. Gandhi says Adani gives funds to the PM, who..
Credit: IndiaTimes - Published 1 day ago

US prosecutors have indicted Gautam Adani, his nephew Sagar Adani, and others for an alleged $265 million bribery scheme to secure solar power contracts in..
Credit: IndiaTimes - Published 2 days ago

Related news from verified sources

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,...
on March 28, 2024 • IndiaTimes

Mukesh Ambani's firm Reliance has picked up a 26% stake in Adani Power's project in Madhya Pradesh, signing a pact to use the plants' 500 MW of electricity for...
on March 28, 2024 • DNA

Reliance Industries acquires a 26% stake in Adani's Madhya Pradesh power project, marking the first collaboration between Mukesh Ambani and Gautam Adani....
on March 28, 2024 • IndiaTimes

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