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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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Delhi records coolest day of June as rain brings relief from heat

Heavy rain and cloudy conditions helped Delhi record its coolest day of June, with the India Meteorological Department forecasting further relief from heat in the coming days.

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Delhi experienced a significant break from the intense summer heat after rainfall and cloudy skies pushed temperatures down, making it the coolest day of June so far.

The change in weather brought much-needed relief to residents who had been dealing with high temperatures and humid conditions over the past several weeks. Rainfall was reported in several parts of the national capital and adjoining NCR regions, leading to a noticeable drop in daytime temperatures. Similar weather conditions have recently helped keep temperatures below normal across the city.

According to the India Meteorological Department (IMD), the combination of rain-bearing systems and cloud cover contributed to the cooler conditions. The weather department has indicated that pleasant weather is likely to continue, with chances of additional rainfall and thunderstorms over the next few days.

The rainfall not only lowered temperatures but also improved outdoor conditions after a prolonged spell of heat. Earlier this month, Delhi had experienced episodes of extreme weather, including heatwave conditions and dust storms, making the recent spell of rain a welcome change for residents.

IMD’s latest forecast suggests that while temperatures may gradually rise later in the week, intermittent rain and thunderstorms could continue to provide temporary relief from the summer heat.

Weather officials have advised people to stay updated on local forecasts as changing weather conditions could bring brief spells of rain, gusty winds and thunderstorms across Delhi-NCR.

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Uddhav Sena MPs unreachable as Delhi meetings fuel fresh split speculation

Fresh uncertainty surrounds Shiv Sena (UBT) after several MPs reportedly became unreachable, with attention now focused on crucial meetings in Delhi.

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Fresh political uncertainty has gripped the Shiv Sena (UBT) after several of its Lok Sabha MPs reportedly became unreachable, prompting senior leaders to make personal efforts to contact them amid growing speculation of a possible rebellion within the party.

Party chief Uddhav Thackeray and other senior leaders are understood to be reaching out to MPs as concerns grow over potential defections. The developments come ahead of a parliamentary committee meeting in Delhi, where several MPs from the Uddhav Thackeray camp are expected to gather.

Reports suggest that some MPs from the Shiv Sena (UBT) faction could hold discussions in the national capital alongside leaders from the rival Shiv Sena led by Eknath Shinde. Sources have indicated that a group of MPs may explore forming a separate faction in Parliament before potentially aligning with the Shinde-led camp, although no official announcement has been made.

Names being discussed in political circles include MPs such as Sanjay Dina Patil, Sanjay Deshmukh, Nagesh Patil Ashtikar, Omraje Nimbalkar, Bhausaheb Wakchaure and Sanjay Jadhav. However, at least one MP, Sanjay Dina Patil, has publicly rejected reports linking him to any rebel group.

Meanwhile, senior Uddhav camp leaders including Arvind Sawant and Anil Desai are expected to remain actively engaged in efforts to maintain party unity. Rajya Sabha MP Sanjay Raut has also been in Delhi amid the unfolding developments.

The latest episode has revived memories of previous political upheavals in Maharashtra and intensified speculation over whether the Shiv Sena (UBT) could face another significant organisational challenge in the coming days. As meetings continue in Delhi, political observers will be closely watching for any formal announcements from either camp.

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Telegram CEO Pavel Durov criticises India restriction, says leak networks shifted to other apps

Telegram founder Pavel Durov has responded to India’s temporary restriction on the platform ahead of the NEET-UG 2026 re-examination, arguing that the move affected ordinary users without stopping alleged leak networks.

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Telegram founder and CEO Pavel Durov has criticised India’s decision to temporarily restrict access to the messaging platform, arguing that the move failed to curb alleged exam leak operations and instead affected millions of legitimate users.

The restriction was imposed ahead of the NEET-UG 2026 re-examination as authorities sought to prevent the spread of leaked exam-related material and disrupt networks allegedly involved in malpractice.

In a public response, Durov said the action had inconvenienced a large number of users across India while those responsible for sharing leaked content had simply migrated to alternative platforms.

According to Durov, restricting access to Telegram did not eliminate the problem authorities were trying to address. He claimed that groups involved in distributing exam-related leaks quickly shifted their activities elsewhere, raising questions about the effectiveness of platform-specific restrictions.

The temporary curbs were announced by the government in the lead-up to the NEET-UG re-test scheduled for June 21. Officials said the move was aimed at safeguarding the integrity of the examination process following concerns about the circulation of leaked material online.

The restriction is currently expected to remain in place until June 22.

Durov also stressed that millions of Indian users rely on Telegram for communication, education, business activities and community engagement. He argued that measures targeting an entire platform can have wider consequences for users who have no connection to alleged wrongdoing.

The government’s action came amid broader efforts to prevent cheating and malpractice in competitive examinations. Authorities have been closely monitoring digital platforms and messaging services after reports that exam-related content was being circulated through online channels.

The debate has sparked discussions about how governments and technology platforms should balance examination security with access to digital communication services. While officials maintain that strong measures are necessary to protect the fairness of high-stakes examinations, critics argue that restrictions on entire platforms may not effectively stop determined offenders.

For now, Telegram remains at the centre of the discussion as authorities continue efforts to ensure a fair and secure conduct of the NEET-UG 2026 re-examination.

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