Sri Lanka unconcerned with Adani Group's dealings with other countries - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
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Source: Reuters
Sri Lanka's Focus on Adani Group Projects: President Anura Kumara Dissanyake emphasized that Sri Lanka is primarily concerned with the $1 billion worth of projects by the Adani Group within the country, rather than their dealings abroad. He stated that if the group's operations align with Sri Lanka's development goals, they are open to collaboration.
Review of Adani Projects Amid Allegations: Following allegations against Adani Group Chairman Gautam Adani regarding bribery and misleading investors, Sri Lanka has decided to review two significant projects linked to the group, which include investments in wind power stations and a terminal project at Colombo port.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
