{"id":610370,"date":"2023-10-13T12:51:30","date_gmt":"2023-10-13T07:21:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=610370"},"modified":"2023-10-13T12:51:30","modified_gmt":"2023-10-13T07:21:30","slug":"adani-group-imported-coal-well-above-market-prices-overcharged-indian-consumers-ft-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-imported-coal-well-above-market-prices-overcharged-indian-consumers-ft-report\/","title":{"rendered":"Adani Group imported coal well above market prices, overcharged Indian consumers: FT report"},"content":{"rendered":"<p>The Adani group has been rocked by another damning report that claims it imported billions of dollars of coal at prices well above market prices, igniting suspicion that the country\u2019s largest private importer of coal has been inflating fuel costs and forcing consumers and businesses to overpay for electricity.<\/p>\n<p>The London-based Financial Times pored over customs records since July 2021 and found that the Adani group paid a \u201ctotal of $4.8 billion to the three companies for coal sourced at substantial premiums to market prices\u201d.<\/p>\n<p>The three offshore intermediaries based in Taiwan, Dubai and Singapore received a \u201cblack premium\u201d that was \u201cat times more than double the market price\u201d, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Adani group has been rocked by another damning report that claims it imported billions of dollars of coal at prices well above market prices, igniting suspicion that the country\u2019s largest private importer of coal has been inflating fuel costs and forcing consumers and businesses to overpay for electricity. The London-based Financial Times pored over customs records since July 2021 and found that the Adani group paid a \u201ctotal of $4.8 billion to the three companies for coal sourced at substantial premiums to market prices\u201d. The three offshore intermediaries based in Taiwan, Dubai and Singapore received a \u201cblack premium\u201d that [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[217,130,148],"tags":[],"class_list":["post-610370","post","type-post","status-publish","format-standard","hentry","category-coal-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=610370"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610370\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=610370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=610370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=610370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}