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This paper examines the rapidly changing energy sector in India, focusing on the strategies and adaptations of three major players: Reliance Industries, Tata Power, and Adani Power. It analyzes their pre-pandemic renewable energy investment strategies, financial approaches, and working capital management. The paper then delves into the impact of COVID-19 and the Ukraine-Russia war on these companies, highlighting their resilience and vulnerabilities. Finally, it concludes by emphasizing the need for adaptation, innovation, and a focus on clean energy as key drivers for success in the future Indian energy landscape.
Sheth et al. (Fri,) studied this question.
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