A joint report by two human rights activist groups went viral for making shocking revelations. It established that Indian conglomerate Adani Group had a controversial relationship with companies backed by the military junta of Myanmar. The same junta that has taken over Myanmar in a coup and arrested its democratic leaders.
Myanmar, commonly known as Burma is a Southeast Asian nation bordering Bangladesh, China, Thailand, and India.
It’s famous for its serene beaches and dedicated practice of Buddhism.
Myanmar was under direct military rule back-and-forth from 1962 to 2011, when the military junta was officially dissolved until 1st February 2021.
Unrest has taken hold of Myanmar as a coup d’état commenced on 1st February 2021.
Ruthless military junta paved its way back to Myanmar after a decade-long period of democracy and pushed the nation into a state of precariousness and instability.
Everything ranging from, the reason abaft the military coup in Myanmar to its repercussions on India, are explicated below.
Essar Power’s Mahan power station supplies power through the Mahan-Sipat cable and is additionally connected with a railway siding 18 km far away from the plant for the availability of coal and other raw materials.
consistent with industry sources, Adani Power will distribute on the brink of Rs 3,000 crore for the Mahan Project.Adani Group has been on a purchasing spree for power generation assets across the country.
Last month, Adani Group’s renewable energy arm Adani Green Energy acquired SB Energy’s solar and wind generation portfolio from Softbank and Bharti Group.Read more
RIL is set to disrupt another industry again.This time it is the clean energy sector.
Reliance Industries is looking to turn net carbon neutral by 2035 and become a part of India's renewable energy growth story as it invests $10bn in the business over the next three years.Read about who are its chief competitors in the field and what Reliance's renewable energy blueprint looks like.
Click on the link below.https://transfin.in/reliances-move-towards-renewable-energy-an-analysis
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