Adani Energy Solutions, previously known as Adani Transmission, has come under scrutiny for allegedly diverting funds from its Rs 8,873 crore Qualified Institutional Placement (QIP), as per a report by CARE. The company, which had earmarked funds for the installation of smart meters, reportedly used a portion of the money for transmission systems, overshooting the planned expenditure by Rs 175 crore. This development has raised concerns about the company’s financial management and allocation of resources. Adani Energy Solutions is a key player in India’s energy sector, with a focus on transmission and distribution of electricity. The alleged misallocation of funds could have potential implications for the company’s operations and financial health. It remains to be seen how this controversy will impact Adani Energy Solutions’ reputation and future projects. Stay tuned for more updates on this evolving story.