Conglomerate founded by billionaire Gautam Adani says it withdrew from the projects as they were ‘financially unviable’.

The Colombo Chief Magistrate’s Court today sent a reminder to the Attorney General to expedite his legal advice regarding a ...

ECONOMYNEXT – Sri Lanka has sold 67.5 billion rupees in 2028 and 2030 bonds, data from the state debt office showed. All ...

COLOMBO (Reuters) -- Sri Lanka extended power cuts for a third day on Thursday as it scrambled to restore its national grid ...

India’s Adani Group has decided to pull out of its $440mn wind power projects in Sri Lanka after the new government in Colombo launched a review of the tariffs agreed for the deal.

Sri Lanka has sold 7.1 billion rupees of treasury bills offered on tap at an average rate of 8.42%, the state debt office said.

Last month, the government said it had begun talks with the Adani Group to trim the cost of power from the projects, ...

COLOMBO (Reuters) - Sri Lanka extended power cuts for a third day on Thursday as it scrambled to restore its national grid to full capacity after a monkey triggered a widespread blackout over the ...

The projects in question included two wind power plants to be set up in Mannar and Pooneryn at a total investment of $442 ...

Adani Green Energy Ltd told Sri Lanka’s Board of Investment on Wednesday that it would “respectfully withdraw” from the wind ...