adani power, after a long wait, great news came for Gautam Adani, beating 71 companies, became number-1 in this case – in midst of hindenburg row adani electricity mumbai emerges as no. 1 in discom ranking list

adani power, after a long wait, great news came for Gautam Adani, beating 71 companies, became number-1 in this case – in midst of hindenburg row adani electricity mumbai emerges as no.  1 in discom ranking list

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New Delhi: On January 24, American short selling company Hindenburg issued a negative report regarding Adani Group. After the arrival of this report, the difficulties of Adani companies increased. Adani’s shares started falling, market cap started crashing. Investors began to lose confidence in the Adani group. The share price of Adani’s companies fell by 85 per cent. Gautam Adani slipped from the third position to the 35th position in the rich list. His difficulties continued to increase. The news of relief has come after a long time for Adani’s companies going through difficult times. A company of Adani Group has achieved a new milestone.

Adani’s company became number 1

Adani’s company has achieved the number 1 ranking by beating 71 companies because of its good performance, financial stability and external environment. Adani’s Mumbai-based electric distribution company Adani Electricity Mumbai Limited has got the No. 1 ranking. This company of Adani has been given number one rank in the country on the basis of electricity supply and utility value.
Adani’s troubleshooter Rajeev Jain’s fate changed, got entry in the list of world’s rich

71 companies left behind

Adani’s company left behind 71 companies to achieve the number 1 ranking. The 11th report of Annual Integrated Rating and Ranking of Power Distribution Utilities of the country was released by the Ministry of Power. Adani Electricity has got A+ ranking in this report. He got 99.6 out of 100 score. The company has got this rank due to its better performance, governance, financial stability. The company has better infrastructure than other companies. Digitized bill generation and payment system, advanced meter reading technology, affordable tariffs and efficient distribution.

LIC’s trust on Adani remains intact even after Hindenburg’s uproar, took a big decision

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