Adani risks 'massive debt trap' in India's green power and hydrogen race of the tycoons: study

Billionaire-owned conglomerate could face over-leveraging amid ambitious growth plans and competition to build market share with fellow giant Reliance, says financial research group

Prime Minister Narendra Modi (right) with Gautam Adani.
Prime Minister Narendra Modi (right) with Gautam Adani.Foto: Hindustan Times/Hindustan Times via Getty Images
Published 23 August 2022, 10:29Updated 23 August 2022, 13:12