Billionaire Adani is winning from India’s shift to import coal
Billionaire Gautam Adani’s conglomerate is benefiting from India’s rush to import coal to ease a supply crunch, winning a huge majority of import orders from state power giant NTPC Ltd NSE -0.07 %.
New Delhi-based NTPC has placed orders for 20 million tons of imported coal for the fiscal year ending March, of which almost 17.3 million tons have been awarded to Adani Enterprises Ltd NSE -0.09 %., according to people with knowledge of the matter.
