Adani Green rejects claims it understated Tarali project cost
Adani Green Energy has denied allegations that it lowered the Tarali pumped storage project cost to reduce statutory obligations, Moody's reports.
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what happened
Adani Green Energy Limited (AGEL) on Friday rejected claims that it deliberately lowered the cost of its Tarali pumped storage project to reduce statutory obligations. According to Moody's, the company said the online submission on the forest and wildlife portal was made only for site investigation, while the State Board for Wildlife considered total project costs of Rs 5,675 crore.
According to AGEL, Rs 56.75 crore covered only site investigation and survey work, about 1% of total costs. The company also denied that the revision aimed to cut conservation spending. It said the project sits entirely on private, non-forest land, 3.2 km from the Koyna Wildlife Sanctuary, outside the buffer zone of the Sahyadri Tiger Reserve, and does not affect the tiger corridor or any eco-sensitive zone.
why it matters
For markets, this is a dispute over a single pumped storage project, and it is unlikely to move prices directly. Still, questions about cost disclosures and environmental clearances can weigh on investor confidence in Adani Green and other group companies, especially as they pursue large energy projects in India.
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sources
- Adani Green rejects allegations of lowering Tarali project cost to avoid statutory obligations — Moody's, 14 November 2026 at 02:11 UTC
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