India's power ministry mandated thermal power producers to import 10% of their coal needs in 2022, coinciding with a surge in international coal prices. Adani Enterprises Limited, the largest volume of coal imports, saw a two-fold jump in revenue to Rs 99,486 crore, driven by the government's directive. The company's success was attributed to its ability to secure contracts at favorable profit margins, despite resistance from some power companies and states.
Read the full original article
Source: scroll.in



