financetom
Business
financetom
/
Business
/
Adani Enterprises says it has not done anything wrong in supply of coal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Adani Enterprises says it has not done anything wrong in supply of coal
Jan 20, 2020 3:25 AM

Adani Enterprises on Monday said that it has not done anything wrong in supply of coal and has complied with all the processes and relevant laws.

The Central Bureau of Investigation (CBI) had last week filed a case against Adani Enterprises Ltd and several government officials for alleged criminal conspiracy in a coal supply deal in 2010.

The agency charged past officials of National Cooperative Consumers' Federation of India Ltd (NCCF), a government cooperative body, with conduct "unbecoming of public servants and in criminal conspiracy" by giving undue favour to Adani Enterprises in a 6 million tonne coal supply contract awarded in 2010, the CBI report said.

In a reply to clarification sought by the stock exchange, the company said, “The company has complied with the process, all formalities and relevant laws for the subject supply of coal. The company has not done anything wrong in supply of coal.”

Further, Adani Enterprises added that it was a preliminary investigation report and the company shall respond to the same and also put forth its factual position to the authorities.

At 11:10 am, shares of Adani Enterprises fell 1.23 percent to Rs 225.55 on the BSE.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India has a compelling business case and we are receiving a positive response: KT Rama Rao
India has a compelling business case and we are receiving a positive response: KT Rama Rao
May 25, 2022
CNBC-TV18’s Shereen Bhan, who is covering the event on the ground, on Wednesday, spoke to KT Rama Rao, Cabinet Minister of Telangana; Sanjiv Bajaj, President of CII; TV Narendran, CEO & MD at Tata Steel; Shobana Kamineni, Executive Vice Chairperson of Apollo Hospitals; Jayadev Galla, Chairman of Amara Raja and MP-Lok Sabha, TDP; and Anish Shah, MD & CEO of M&M, to discuss the road ahead, and about the outlook for 2022.
Coal India aims to sell 25% stake in Bharat Coking Coal, plans to float the company
Coal India aims to sell 25% stake in Bharat Coking Coal, plans to float the company
May 26, 2022
CIL, the state-owned coal company, announced that it plans to sell a 25 percent share in its unlisted subsidiary, Bharat Coking Coal Ltd (BCCL), and that the subsidiary will be listed on stock exchanges after receiving additional approvals.
Aditya Thackeray bats for ease of living as Maharashtra bags 20 MOUs at Davos 2022
Aditya Thackeray bats for ease of living as Maharashtra bags 20 MOUs at Davos 2022
May 24, 2022
The World Economic Forum's annual summit is underway in Davos and Maharashtra has so far signed over 20 MOUs with companies. Aditya Thackeray, Maharashtra Environment Minister says Maharashtra is the financial and manufacturing powerhouse of India and they are working on an agenda for better cities and ease of living.
Tamil Nadu minister says Davos gave them opportunity to put state on the global map
Tamil Nadu minister says Davos gave them opportunity to put state on the global map
May 26, 2022
Thangam Thennarasu, Minister for Department of Industries, Tamil Nadu said, Davos gave opportunity to put Tamil Nadu on the global map.
Copyright 2023-2026 - www.financetom.com All Rights Reserved