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Informist, Thursday, Apr. 16, 2026

 

--CCI: No probe against Gautam Adani, Adani cos on tender bid rigging charges 

--CCI: Adani cos not dominant player in power generation market in India

 

NEW DELHI – The Competition Commission of India Thursday rejected a petition seeking a probe against Adani Group Chairman Gautam S. Adani, Adani Enterprises Ltd., Adani Green Energy Ltd. and others for allegedly rigging bids for solar power tenders. Given that the power generation market in India comprises many significant players, the Adani Group, prima facie, does not seem to be a dominant player in the market, the competition regulator said, rejecting the petition.

 

The complainant, Ravi Sharma, has also not placed on record any evidence to suggest why solar power, or public and private power generation companies, ought to be treated as a distinct market, the regulator said. Power in India is generated from various sources, and various types of companies, including private and public, operate in the sector, the regulator said in response to allegations of abuse of dominant position by the Adani Group.

 

The antitrust regulator said the allegations against Adani Green of deriving benefits such as cross-subsidisation and economies of scale from other Adani Group entities do not substantiate that it is in a dominant position under the Competition Act, 2002. On the other allegations of leveraging, exclusion, and the creation of entry barriers, the regulator said no cogent evidence has been produced by the complainant.

 

Sharma had alleged that Solar Energy Corp.'s 2019 tenders for 7 gigawatt solar power projects linked to manufacturing capacity were structured in favour of large players like Adani and Azure Power India Pvt. Ltd. The commission said that the complainant had not provided any cogent evidence that the request for selection documents was designed to encourage the participation of only big players in the market. 

 

The tender conditions, including provisions such as transfer of unallocated capacity and the green shoe option, effectively excluded smaller players and enabled consolidation of capacity in favour of Adani companies, Sharma said.

 

Thursday, shares of Adani Enterprises ended 2.8% higher at INR 2,203.70 on the National Stock Exchange, while those of Adani Green Energy ended 2.1% higher at INR 1,118.90.   

 

Reported by Surya Tripathi

Edited by Saji George Titus

 

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