In the last few days, some exporters and importers have asked me whether the recent travails of the Adani group will have any impact on the efficiency of Adani-owned ports and airports. My answer is that the service standards in many facilities of the logistics sector operated by the Adani group may not suffer but their service charges may go up. Let me explain.
The Adani group of companies is under pressure since Hindenburg Research, a small firm in the United States, levelled certain allegations.
The management of the group denies any wrongdoing. However, the stock prices of companies have taken a beating and there are doubts regarding the ability of the companies to raise finances. To win back the confidence of investors and lenders, the companies will have to rely on strong performance.
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