Adani group bets big as stressed power assets may add spark in long term

The Adani group last week injected over Rs 127 billion to add a new segment to its power value chain. The acquisition of Reliance Infrastructure Mumbai distribution business has made the conglomerate a coal mine to household power distribution chain at a time when the power industry is in distress. Industry analysts do not expect direct synergies from the value chain but most see this as a long-term strategy. To begin with, the group plans to further strengthen the distribution link in its value chain. Anil Sardana, managing director and chief executive, Adani Transmission, told Business.....

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