NEW DELHI: The purchase of a 26% stake by Mukesh Ambani-led Reliance Industries Ltd (RIL) in a Madhya Pradesh power project owned by Gautam Adani’s Adani Power is seen as a ‘landmark’ development in India’s corporate world.
However, this partnership is rather driven by current electricity norms around captive power units and there are rarely any signs of the two powerful billionaires joining forces soon in other areas of common interest.
