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ADANI GROUP SET TO INVEST $14 BILLION, FUELING FUTURE GROWTH IN FY25
March 18, 2024
|The Business Guardian
The group had previously guided a 100 billion capex over the next 7-10 yrs. Most of this investment is going to go into group fasterowing businesses airports, renewable and green hydrogen
Adani Group is gearing up to invest more than Rs 1.2 lakh crore (approximately USD 14 billion) across a diverse range of sectors including ports, energy, airports, commodities, cement, and media in the fiscal year commencing 1 April. This strategic move reinforces the company’s commitment to doubling down on its USD 100 billion investment vision over the next 7-10 years, sources indicate. The projected capital expenditure for the 2024-25 (April 2024 to March 2025) fiscal year marks a substantial 40% increase compared to estimates for FY24. Analysts estimate that the portfolio incurred approximately USD 10 billion in capital expenditures during FY24, which concludes on March 31.
هذه القصة من طبعة March 18, 2024 من The Business Guardian.
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