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Business
Adani Cuts Maharashtra Power Project Cost by 99%, Forest Dues Collapse
✍️ The Indian Express
🗓 14 Nov 2026, 02:16 PM
👁 21
Adani Group announced a 99% reduction in the cost of a Maharashtra power project, with forest dues falling sharply. The central government has ordered a probe into the matter.
Adani Group has announced a dramatic 99% cut in the projected cost of a power generation project in Maharashtra, a move that has drawn attention from regulators and environmental agencies.
The company said the revised cost would bring the project’s total expenditure down to a fraction of its original estimate, while simultaneously reporting a steep decline in the forest dues it owes for land acquisition. According to the company’s statement, the forest dues have fallen to a negligible amount, a change that has raised questions about compliance with environmental clearance norms.
In response, the central government has ordered a detailed probe into the cost reduction and the associated forest dues, signalling a review of the project’s financial and environmental disclosures. The probe is expected to examine whether the cost cut aligns with the project’s technical and regulatory requirements, and whether the forest dues reduction was justified under the applicable laws.
The company said the revised cost would bring the project’s total expenditure down to a fraction of its original estimate, while simultaneously reporting a steep decline in the forest dues it owes for land acquisition. According to the company’s statement, the forest dues have fallen to a negligible amount, a change that has raised questions about compliance with environmental clearance norms.
In response, the central government has ordered a detailed probe into the cost reduction and the associated forest dues, signalling a review of the project’s financial and environmental disclosures. The probe is expected to examine whether the cost cut aligns with the project’s technical and regulatory requirements, and whether the forest dues reduction was justified under the applicable laws.