The compensation was allowed after Adani Power sought increased tariff revenue citing “financial difficulties” in arranging “working capital”. The DRI is probing at least 40 companies including five firms of Adani Group including Adani Power for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore from 2010 on. “In case of the show-cause notice issued by DRI in the cases of over-valuation of imports by Adani Group, the DRI Adjudicating Authority had dropped the proceedings on August 22, 2017. An email and phone calls to the official spokesperson of Adani Group did not elicit any response. The compensatory tariff allowed to both Tata Power and Adani Power was Rs 2,300 crore and Rs 3,600 crore respectively till March 2016.

Source: Indian Express November 29, 2017 22:52 UTC