Adani Group under pressure due to coal supply

On Wednesday, Adani Group's market capitalisation returned above the $200bn (Rs 16.9 lakh crore) mark.

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Over the last two trading sessions, the apple-to-airport conglomerate’s market capitalization has gained Rs 56,250crore as of Wednesday.

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The charges stem merely from differences between FOB and CIF prices that have been assumed to apply to low Gross Calorific Value coal supplies.

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“The markets are getting smarter relatively. They thus assess the gravity of each case before passing their verdict,” said Deven Choksey.

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