Adani Agrees To 60:40 Profit Sharing
  • Prabha Hedge
  • Nov 11 2013

November 11: In a bid to get a compensatory tariff at the earliest for the Mundra project, Adani Power has softened its stand on certain suggestions from Discoms. While it has agreed to increase profit sharing from merchant power sale with Discoms, Adani has warned that banks will take action in the absence of a compensatory tariff. Bloomberg TV India’s Amritha Pillay shares more details from this CERC proceeding.