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Adani Ports confident of making $650 million foreign currency bond prepayments by Feb: Karan Adani

The business empire of Gautam Adani, which includes airports, ports, mines, energy, and real estate, has been under assault from the opposition for the past few years due to allegations of corporate wrongdoing and claimed close ties to the government. However, one Adani company is currently inspiring confidence among the opposition parties.

When a Chinese ship arrived at Vizhinjam near Thiruvananthapuram in Kerala on Sunday, it was the first ship to dock at the Rs 7,700-crore deep-water international seaport built as a result of a public-private partnership between the Kerala government and the Adani Group. For a change, there were cheers instead of jeers for the Adani group. Cheers, fireworks, and balloons were used to celebrate the vessel’s arrival, which was uncommon given that the Adani group has been the subject of debate and criticism from competing political groups.

The presence of Kerala Chief Minister and CPI (M) leader Pinarayi Vijayan, as well as junior external affairs minister and BJP leader V Muraleedharan, Congress MP Shashi Tharoor, leader of the opposition in the Kerala assembly, and Congress politician VD Satheesan, made the event even more unusual.

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Political Parties Celebrated the opening of Adani Ports:

Different political groups gathered to celebrate the opening of the new port, which was a strange sight. Rahul Gandhi, the leader of the Congress, has long been targeting Adani as a political target. This is especially true since American short-seller Hindenburg accused the organization of manipulating stock prices. The Narendra Modi administration at the centre has come under fire from the Congress for allegedly favouring the corporate community.

Not only that. The Congress and the CPI(M) are squabbling over who deserves credit for building Adani’s port.

The late former CM Oommen Chandy was credited with making the project feasible by Congress leader VD Satheesan, who also accused Vijayan of not having the right to brag about it. “Pinarayi was the party secretary at the time, and he claimed 6,000 crores in corruption although the project’s overall cost was just 5,000 crores.

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