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.

3 months ago
15 Articles