Adani Group's tender worth thousands of crores canceled by Yogi government
The Adani group, which has been facing challenges in the stock market for the last ten days, has received a big blow from the UP government.
On January 24, after the American Forensic Financial Company Hindenburg made allegations related to financial irregularities on the Adani Group, the shares of its companies are continuously declining.
FIR lodged against Yoga Guru Ramdev in Rajasthan, accused of hurting religious sentiments
According to the news published in Amar Ujala, UP government unit Madhyanchal Vidyut Vitran Nigam has canceled the tender for installation of smart prepaid meters on behalf of Adani Group.
UP is moving towards becoming the biggest economy of the country, two crore will get employment - CM Yogi
Its cost is around 5,400 crores. Due to the rate of a tender being 48 to 65 percent more than the estimated cost, it was being opposed from the beginning. According to the newspaper, now the eyes are on the tenders of Paschimanchal, Purvanchal, Dakshinanchal and Discoms. There is also a tender of Adani group in Dakshinanchal.
About 2.5 crore prepaid smart meters are to be installed in Uttar Pradesh. Tenders worth 25 thousand crores have been done for them. In this, apart from M/s Adani Power Transmission, GMR and Intelli Smart Company had won part two of the tender. The order to work was about to be issued to them, but there was a protest regarding the rate of their tender.
WordPress Tutorial for Beginners - Make a Professional Website!
According to the tender proposal, the cost of each meter was around 9 to 10 thousand rupees. While the estimated cost is six thousand rupees per meter.
What Is the Internet of Things (IoT)? and How Does it Work?
In this case, UP Power Corporation Limited took advice from Ministry of Energy in case of higher price per meter, but from there the decision was left to the corporation itself.
Post a Comment