Adani Group’s tender cancelled by Tamil Nadu government, reports Deccan Herald

The Tamil Nadu government has cancelled a tender linked to the Adani Group, a significant blow to the company. The tender was for the supply of smart meters to the Tamil Nadu Electricity Regulatory Commission (Tangedco). The decision was taken due to concerns over the pricing of the meters, which were deemed too high by the state government. The Adani Group had quoted a price of over ₹43,000 per unit, while the government had expected the price to be around ₹24,000 per unit. The cancellation of the tender is seen as a major setback for the Adani Group, which had been aggressive in its efforts to expand its presence in the Indian market. The news has sparked concerns about the future of the company’s plans in the sector.