Qatar to invest $450 million in Adani’s Mumbai power business
The transaction is expected to be completed in early 2020, subject to regulatory approvals and customary conditions.For the second half of FY20, Adani’s power distribution business reported revenue of ₹4,103 crore and operating profit of ₹1,043 crore
Qatar Investment Authority (QIA) is investing $450 million (about 3,200 crore) in Adani Electricity Mumbai Ltd (AEML), the flagship power transmission asset of billionaire Gautam Adani.
Adani Transmission Ltd (ATL), the parent of AEML, said in a stock exchan
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