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Tamil Nadu govt cancels smart meter tender awarded to Adani Energy Solutions

With these new projects, the total under-construction project pipeline expanded from Rs 17,000 crore in Q1FY25 to approximately Rs 27,300 crore in Q2FY25, according to the company.

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The Tamil Nadu Power Distribution Corporation (TANGEDCO) has cancelled a global tender for the procurement of smart meters, citing the elevated cost proposed by Adani Energy Solutions Ltd (AESL). The tenders, which were issued as four packages in August 2023, aimed to provide smart meters under the central government’s revamped distribution sector scheme.

According to reports, AESL, a company listed on the Bombay Stock Exchange, was the lowest bidder for Package 1 of the tender, which encompassed eight districts, including Chennai, and involved the installation of over 8.2 million smart meters. However, the tender was cancelled on December 27, 2024, as AESL’s quoted price was reportedly deemed too high. The cancellation also affected three other packages, with plans for a re-tender expected to follow, although further details were not disclosed.

This decision comes amid ongoing controversy surrounding Gautam Adani, the head of the Adani Group, who has faced allegations of involvement in a scheme to pay over USD 250 million (approximately Rs 2,100 crore) in bribes to Indian officials for favorable solar power contracts. U.S. prosecutors have indicted Adani and others in connection with these allegations, which the company has denied.

As a result of the tender cancellation, shares of Adani Energy fell 2.3%, dropping from an intraday high of Rs 819.9 to a low of Rs 800.9 on the National Stock Exchange (NSE) on Wednesday. Reports indicate that all four tenders issued in August 2023 were cancelled for “administrative reasons,” with the government planning to reissue them soon. Adani Energy Solutions has not yet made a statement to the stock exchanges.

On the financial front, Adani Energy Solutions reported a 69% increase in total income for the September quarter (Q2FY25), reaching Rs 6,360 crore. Its EBITDA rose 31% year-on-year to Rs 1,891 crore, driven by strong revenue growth, increased EPC income in transmission, and treasury income. Net profit also saw significant growth, surging 172% year-on-year to Rs 773 crore. Adjusting for a one-time deferred tax reversal of Rs 314 crore, the net profit for Q2 stood at Rs 459 crore, marking a nearly 62% year-on-year increase.

Furthermore, Adani Energy secured three new transmission projects: NES in Jamnagar, Gujarat; NES in Navinal (Mundra); and Khavda Phase IVA, which adds 2,059 circuit kilometers (ckm) to their construction network. With these new projects, the total under-construction project pipeline expanded from Rs 17,000 crore in Q1FY25 to approximately Rs 27,300 crore in Q2FY25, according to the company.

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Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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PM Modi marks Operation Sindoor anniversary, calls it India’s firm stand against terrorism

PM Modi said Operation Sindoor showcased India’s firm response against terrorism while paying tribute to the armed forces on the operation’s first anniversary.

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PM Modi

Prime Minister Narendra Modi on Thursday said Operation Sindoor demonstrated India’s firm response against terrorism and highlighted the country’s commitment to national security.

Marking one year of the operation, the Prime Minister praised the courage, precision and professionalism of the Indian armed forces. He said the military action was carried out in response to the Pahalgam terror attack that had claimed the lives of 26 civilians in 2025.

Operation Sindoor was launched on May 7, 2025, as a calibrated tri-services operation targeting terror infrastructure linked to cross-border terrorism. Reports said the operation showcased coordinated action by the armed forces and was seen as a major counter-terror response by India.

On the anniversary of the operation, PM Modi also changed the display pictures across his social media platforms, including X, Facebook, Instagram and WhatsApp. The image carried the text “Operation Sindoor” along with the Indian tricolour design.

The Indian Air Force also shared visuals and messages recalling the operation and highlighting India’s military response. A video released by the force described the operation as a strong message against terrorism and referred to the precision strikes carried out during the mission.

Operation Sindoor was launched following the Pahalgam terror attack, after which India carried out strikes on terror camps in Pakistan and Pakistan-occupied Kashmir, according to official statements and reports published at the time.

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Vijay meets Tamil Nadu Governor again as TVK pushes to prove majority

TVK chief Vijay held another meeting with Tamil Nadu Governor Rajendra Vishwanath Arlekar as the party intensified efforts to secure majority support after emerging as the single-largest party in the Assembly elections.

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Actor vijay

Actor-turned-politician Vijay met Tamil Nadu Governor Rajendra Vishwanath Arlekar again on Thursday as his party, Tamilaga Vettri Kazhagam (TVK), continued efforts to prove it has enough support to form the next government in the state.

TVK emerged as the single-largest party in the 234-member Tamil Nadu Assembly after winning 108 seats, but it remains short of the majority mark of 118.

The Congress has extended support to TVK, adding five MLAs to Vijay’s side. However, the alliance still needs additional backing from other parties or independents to comfortably cross the halfway mark.

According to reports, the Governor has not yet been fully convinced that TVK currently has the required numbers to form a stable government. This has delayed clarity over the swearing-in ceremony and the formal invitation to form the government.

Political activity intensified after reports emerged that some AIADMK legislators were moved to a resort in Puducherry amid speculation over possible support to TVK. AIADMK leaders, however, publicly denied any internal crisis.

TVK sources have expressed confidence that the party will be able to demonstrate majority support during discussions with the Governor.

The Tamil Nadu election results marked a major political shift in the state, with TVK breaking the long-standing dominance of the DMK and AIADMK in its first Assembly election contest.

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