Adani Group refutes allegations of 'low-grade' coal supply, shares unaffected
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Adani Group has categorically denied allegations of supplying low-grade coal as high-quality coal, to a state government-owned power generation company. The accusations were made in a report by the Financial Times, citing evidence from the Organized Crime and Corruption Reporting Project (OCCRP). The report alleged that Adani Group bought 'low-grade' coal from an Indonesian company in January 2014, and sold it to the Tamil Nadu Generation and Distribution Company (TANGEDCO) as high-quality coal.