Adani Group denies reducing project cost for Tarali PSP in Maharashtra

Adani Group denied allegations that its subsidiary, Adani Green Energy, reduced the estimated costs of the Tarali pumped storage project in Maharashtra to lower statutory obligations. The group stated that the figures cited in an online clearance proposal related only to preliminary site investigations, not the full project cost of ₹5,675 crore. However, reports indicated that Adani Green Energy had previously reduced the declared cost from ₹5,675 crore to ₹56.75 crore, which would have significantly cut the mandatory wildlife conservation contribution. The Centre has ordered a probe into the matter.

The dispute over declared project costs and conservation obligations introduces regulatory uncertainty for Adani Green Energy's operations in Maharashtra. The investigation by the Centre could impact the project's financial viability and compliance status, affecting the renewable energy sector.