Epic Research

Friday, April 19, 2013

Epic Update: Adani Group

Epic Update Adani EnterprisesAport and SEZ project of Adani group in Gujarat’s Mundra today drew flak from an Environment Ministry panel which said that it violated green clearance conditions and suggested imposition of penalty of at least Rs 200 crore.
“There is incontrovertible evidence that Adani project has violated environmental norms,” said the five-member committee headed by environmentalist Sunita Narain in its report. It suggested that penalty should be of one per cent of the total project cost or Rs 200 crore, whichever is higher.

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