Adani Denies Wrongdoing After CBI Files FIR In Andhra Coal Supply Case
Flames rise from a wagon loaded with coke at a steel factory in India. (Photographer: Dhiraj Singh/Bloomberg)

Adani Denies Wrongdoing After CBI Files FIR In Andhra Coal Supply Case

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Adani Enterprises Ltd. on Monday said that it has not done anything wrong in supply of the dry-fuel amid reports that the Central Bureau of Investigation registered a case against the company for alleged coal supply contract irregularities.

The firm was replying to the Bombay Stock Exchange in response to the clarification sought by the bourse on a media report which said that the CBI had booked "Adani Enterprises, officers for alleged irregularities in coal supply contract".

The CBI filed an FIR against the former top officials of National Cooperative Consumer Federation for allegedly manipulating a tender related to supply of coal to the Andhra Pradesh Power Generation Corporation in 2010 in favour of Adani Enterprises Ltd to supply of imported coal.

"In this context, please note that the subject matter is an old one. The company has complied with the process, all formalities and relevant laws for the subject supply of coal. The company has not done anything wrong in supply of coal." The company further said that it is a preliminary investigation report only and added that it shall respond to the same and shall also put forth the factual position to the authority.

Shares of Adani Enterprises were trading at Rs 225.35 a piece on BSE, down 1.31 per cent from the previous close.

Also read: Adani Group’s Growing Debt Pile Is Changing Colour

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