Maharashtra Deputy Chief Minister Devendra Fadnavis on Tuesday said the Adani group which won the tender for the Dharavi redevelopment will get the Letter of Intent (LoI) only after it establishes that it has the financial capability to execute the project.

He was replying after Congress MLA Varsha Gaikwad, whose constituency includes Dharavi, raised concerns about the project in the wake of Hindenburg Research's allegations of stock manipulation against the Adani group.