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Tamil Nadu cancels $2.4B smart meter deal with Adani over costs amid bribery allegations.
The Tamil Nadu government has cancelled a tender for smart meters worth $2.4 billion, initially won by Adani Energy Solutions Ltd (AESL), due to high costs.
The cancellation comes amid US allegations of bribery against the Adani Group and raises questions about cost-effectiveness.
The project, part of a government scheme to install smart meters, will see new tenders released soon to meet the March 2025 deadline.
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Tamil Nadu cancela acuerdo de medidor inteligente de $2.4B con Adani sobre costos en medio de acusaciones de soborno.