Indian Media Fueled Adani Share Bubble

 Hey "India Today" news channel, What happened to "Adani's Million Tonnes Copper Production Unit" ? That was a "Paid Fake News" for Adani back in 2016.

It's seven years in passing, that outfit failed to materialise even smallest amount of Copper Smelting. 

In 2018, a total gap of 2 years, Adani Managed to set up one copper company, Mundra Copper Limited as a paper company from that now infamous address of "Adani Corporate House" at Ahmedabad.  Surely there are no Copper smelters there. 

But unlike "Mundra Aluminium Limited", we do find empty plots marked as "Adani Copper Plant" or "Adani Cu-smelter" in satellite imagery of Google Map in Mundra port's outskirts. They are next to "Kutch Copper Limited's" unfinished factory shed.

And Lo and Behold, there was another paid news for Adani just last year that Adani has taken over "Kutch Copper" .

ECONOMIC TIMES: World Number 1 in churning out Fake Business News reported Adani takeover of Kutch Copper Limited. 

Just last year, the "Fake News Factory" ET placed huge platitudes on Gautam Adani,  almost licked his feet and produced this garbage. Even when using Stock photo, they kept AFP name to add credibility to their garbage which had no other input from AFP in entire report. 

What they didn't mention is that, Kutch Copper is heavily in debt. Let me help you with that data: 

Paid up capital of Unlisted Kutch Power Limited is 1032 crore rupees and sum of charges (Debt) ran upto 6421 crore. 

 My question to Stenographers of "India Today" and Economic Times (of India), how much Copper did Adani group companies produce in last 12 months? Why India has not overtaken Chile in Copper, if Adani is producing 1 million metric tonnes of copper just from one production unit? Can they give the address of that mega-factory?

Is this going to be the norm in India: Every year in the Month of March they will spin Pro-Adani fake news?

Last year it was Copper, now it is Aluminium,  what will be metal of Adani's choice? Gold or Silver or Platinum?? If you think, what's in a news like those... well, these costed 6000 crore to PSU banks and LIC?

SEBI is fast asleep on the wheels and Supreme Court keeps appointing "Cover-up artists" like Nilekani and Kamath to investigate Adani Scams, both are known to be very close to ruling BJP and Gautam Adani. I've seen them together, lining up to meet Modi.

So yes, common people in India must pay more for Cooking Gas, Milk and all other essentials because India gets sentimental when Indian Billionaires lose some spots in "Forbes" or "Bloomberg" ranking. This is Supreme Injustice, absolute mockery of every institution India ever built since Independence.