Where does Gautam Adani Go From Here? Part 1
The Morning Brief
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IOCL and Gail - Use of Pay Contract for Dhamra LNG Terminal
IOCL and Gail have signed a 46,500 crore use of pay contract for the LNG terminal at Dhamra. This was done and given to the Adani group for 46,500 crores with no tender. By evening, it became clear the government will not lean in and help. At 3.30pm that fateful afternoon, Gautam Adani's core team did the maths and figured out if this bloodbath continues then on the 7th of February when the FPO was to open, investors would have been staring at more than 60-70% listing losses. But considering the volatility of the market seen yesterday, our board strongly felt that it would not have
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