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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

Adani Group to invest $442 million in bankrupt Sri Lanka

Adani Adani Group Sri Lanka Adani Green Energy New Delhi wind power

NEW DELHI: Sri Lanka's Board of Investment has approved two wind power plants by Adani Green Energy with a total investment of $442 million.

The announcement comes amid market rout in Adani Group stocks who have lost some $125 billion in market value after a US short seller last month alleged improper use of tax havens and stock manipulation by the apples-to-airports conglomerate.

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