Adani owes 6711 crore rupees to Bangladesh, if not paid, the neighboring country may face trouble – Gautam Adani’s company Adani Power has 800 million dollars in unpaid dues from Bangladesh

by times news cr

2024-08-24 23:20:26
New Delhi: Bangladesh owes billions of rupees to Gautam Adani, the country’s second richest person and chairman of Adani Group. This money belongs to Adani Power, a company of Adani Group. If Bangladesh does not pay this amount, then a new crisis can come upon this neighboring country. Let us tell you that recently there were violent protests in Bangladesh. Hundreds of people died due to this protest. At the same time, former Prime Minister Sheikh Hasina had to leave the country after resigning. In such a situation, the responsibility of paying the money of Adani Power lies on the interim government of Bangladesh. Adani Power supplies electricity to Bangladesh. Bangladesh owes Adani Power $ 800 million (about Rs 6711 crore). After the coup in Bangladesh, this amount of Adani is stuck. According to experts, if Bangladesh does not pay this amount, then the company can stop the supply of electricity to Bangladesh. In such a situation, Bangladesh will face the crisis of drowning in darkness. Adani Power supplies electricity to Bangladesh from its power plant in Jharkhand.
Adani is preparing to sell shares worth ₹30,000 crores, why did this situation arise for the country’s second richest person?
Full information to the Bangladesh government
The interim government of Bangladesh is fully aware of this outstanding amount. The new governor of Bangladesh Bank, Ahsan H Mansur, said in an interview to Bloomberg that if we do not pay this amount to Adani Power, the company will stop supplying us electricity. He said that the interim government is trying to find a solution to this issue. At present, there is no plan to cut off Adani Power’s electricity. However, if the creditors and coal suppliers put pressure on the company, it may have to take strict steps.

will have an impact on the company
If Bangladesh makes this payment late, it will also affect the company’s operations. Actually, Adani Group has been rapidly expanding its business outside the country for some time now. Among these, it has a special focus on neighboring countries Sri Lanka, Bangladesh, Bhutan and Nepal. If Bangladesh stops paying for electricity or makes it late, then Adani Group’s ongoing plans in these countries may suffer a setback.

Other companies also supply electricity to Bangladesh
Apart from Adani Power, other companies of the country also supply electricity to Bangladesh. These companies include some other government-owned companies of India including NTPC Limited and PTC India Limited. There is no information available whether these companies have any dues to Bangladesh or not.

You may also like

Leave a Comment