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Adani Group denied reports of collaboration with Chinese EV manufacturer BYD and BeijingWelion New Energy Technology for battery manufacturing in India.
Gautam Adani, Chairman of the Adani Group during teh GRPU’s AGM. (File photo via Getty Images)
Adani Group on Monday dismissed the report suggesting it is looking to tie-up a form of collaboration with Chinese electric vehicle manufacturer BYD for battery manufacturing in India, claiming it “baseless, inaccurate and misleading”.
“Similarly, we are not engaged in any discussions with Beijing Welion New Energy Technology for a partnership of any kind,” it added in the report.
Adani Enterprises’ shares are up 0.44 per cent intraday on Monday to trade at Rs 2,361 apiece. The scrip opened at Rs 2,373 apiece, against the previous day close at Rs 2,350.55 apiece.
Earlier a Bloomberg report noted that the Adani Group is looking for a partnership with BYD to manufacture batteries in India and extend its push into clean energy. Gautam Adani was personally heading discussions with BYD executives last week, as reported by Bloomberg report.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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