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The state has asked its nodal anti-corruption watchdog to investigate the issue after news reports in May revealed that the conglomerate sold it poor quality coal at 3x the price.

From crippling solar tariffs and a sovereign fund exit to revived power contracts, a turbulent week highlights the group’s contested yet indispensable role in India’s energy transition.
Mukesh Ambani’s $10-billion bet faces a harsh reality: much of the clean-energy stack still sits overwhelmingly in Chinese hands.
Subjects expected to dominate our conversation in the new year and some reflection on things that happened in 2025, now that it is almost behind us.