Bangladesh owes $800 million to Adani Power Ltd
The New Indian Express|August 24, 2024
AMID student-led protest in Bangladesh, Adani Power Limited, the power generating unit of Adani Group, has accumulated unpaid dues of up to $800 million from the country.
Bangladesh owes $800 million to Adani Power Ltd

According to a report, Bangladesh Bank's newly-appointed Governor Ahsan H. Mansur warned that if the payments are not made, electricity supply may be halted. However, Adani Power has no plans to cut off supply lines for now, but may face pressure from lenders and coal suppliers if payments remain outstanding.

Despite the financial turmoil, Adani Power has assured that it will continue to supply power to Bangladesh from its 1,600MW plant in Jharkhand, which is dedicated to supplying 100% of its electricity to the neighboring nation.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE NEW INDIAN EXPRESSView all
Drones From Kyiv Shot Down, Russia Sends Missiles
The New Indian Express

Drones From Kyiv Shot Down, Russia Sends Missiles

RUSSIAN air defences shot down more than 100 Ukrainian drones on Sunday over Russia's western regions, Moscow officials said, while 17 people were injured in the Ukrainian city of Kryvyi Rih in a ballistic missile attack.

time-read
1 min  |
October 21, 2024
The New Indian Express

India go for broke but Kiwis hold ground

AFTER two balls on Sunday, the impossible dream was on. Jasprit Bumrah got one to straighten after pitching on offstump.

time-read
1 min  |
October 21, 2024
RED-LETTER DAY FOR NEW ZEALAND
The New Indian Express

RED-LETTER DAY FOR NEW ZEALAND

India face 2nd home loss of 2024 as Black Caps register first Test win in country since 1988

time-read
3 mins  |
October 21, 2024
The New Indian Express

Petition seeks to make snakebite treatment available at PHCS

A petition has been filed in the Supreme Court seeking a direction to make available poly-venom (anti-venom) and snakebite treatments at PHCS, CHCs and district hospitals along with all the government hospitals in the country.

time-read
1 min  |
October 21, 2024
Plea in SC seeks urgent relief from demolitions after Bahraich violence
The New Indian Express

Plea in SC seeks urgent relief from demolitions after Bahraich violence

THREE people allegedly involved in the October 13 Bahraich violence in UP have approached the Supreme Court seeking urgent relief against the demolition notices issued to them for Sunday.

time-read
1 min  |
October 21, 2024
The New Indian Express

URBAN FLOODING CALLS FOR SYSTEMIC SOLUTIONS

A recent 'landslide' and 'waterfall' at a deep excavation site in Bengaluru, where an ambitious skyscraper is due to come up, has become the subject matter of much social media mockery and a political slugfest.

time-read
2 mins  |
October 21, 2024
The New Indian Express

TRUDEAU'S PATHETIC POSTURING WITHOUT PROOF IS SHOWING

BY framing the Hardeep Singh Nijjar murder last year as an infringement on national sovereignty by Indian state actors without proper contextualisation and making bilateral diplomatic ties hostage to its resolution, Canadian PM Justin Trudeau appears to have sunk further in the quicksand of perception.

time-read
1 min  |
October 21, 2024
ADM Naveen Babu never sought bribe: Gangadharan
The New Indian Express

ADM Naveen Babu never sought bribe: Gangadharan

Contradicting the claims made by former Kannur district panchayat president P P Divya in her anticipatory bail plea, A Gangadharan, a retired school teacher, clarified that Additional District Magistrate (ADM) Naveen Babu never sought bribe from him.

time-read
1 min  |
October 21, 2024
The New Indian Express

Doc, 6 migrant workers shot dead in J&K's Ganderbal dist

IN a major terror attack, militants on Sunday evening shot dead a local doctor, identified as Dr Shahnawaz, and six migrant labourers working in a key infrastructure project at Gagangir area of Sonmarg in central Kashmir's Ganderbal district.

time-read
1 min  |
October 21, 2024
BROTHERS IN ARMS
The New Indian Express

BROTHERS IN ARMS

BHUVAN Arora is a busy man. After his break-through role as Firoz in the Prime Video series Farzi, the actor has been shooting a slew of projects across the country.

time-read
3 mins  |
October 21, 2024