Adani Group refutes claims that its Sri Lankan wind power projects have been cancelled, stating that the Sri Lankan government's review of tariffs is a routine process.

India's Adani Group's power purchase deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.

Reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading, a spokesperson for the Adani Group has said. “We categorically state that the project has not been cancelled.

Adani Green Energy shares fell nearly 6% after reaching a day’s high, following a report that Sri Lanka cancelled a $440 million power purchase agreement with the company.

Sri Lanka has revoked a power purchase agreement with Indian conglomerate Adani Group following allegations of corruption, according to an AFP report that was published by the Economic Times newspaper on Friday.

Adani Group yesterday denied cancellation of its 484 MW wind power project in Mannar and Pooneryn. In a statement Adani said reports of cancellation are “false and misleading.” “We categorically state that the project has not been cancelled.

The Adani group has refuted reports that the Sri Lankan government has cancelled the 484 MW wind power projects in Mannar and Pooneryn.As per local m

Sri Lanka has revoked a power purchase agreement with Adani Group’s renewable energy unit after allegations of corruption levelled against the Indian conglomerate in the US last year that brought some of its foreign projects under fresh scrutiny.

The Adani Group, led by Gautam Adani, has refuted claims that Sri Lanka officially revoked its power purchase agreement (PPA) with the Indian conglomerate due to corruption allegations. The group has