Committed to Tajpur Port, waiting for formalities to finish: Adani official
Adani Ports & SEZ Ltd (APSEZ) remains committed to Rs 15,000 crore deep-sea port project in Tajpur, West Bengal and the company is waiting for completion of statutory formalities, such as the draft concession agreement from the state, a top official of Adani Group said. Once the formalities are complete, APSEZ will work towards developing the port as per its plans and timelines, the official added. "We remain committed to Tajpur deep-sea port and awaiting the statutory requirements from the state, associated with the project," the official said when contacted but declined to be identified. The comments come against the backdrop of a crisis in Adani Group companies following a report by US short-seller Hindenburg Research published last month. Adani Group stocks have taken a beating on the bourses after Hindenburg made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The report raised concerns about12-02-2023
