Adani Group to Invest Up to USD 20 Billion in Next 5 Years Across Multiple Sectors
Adani Group intends to invest up to USD 20 billion in the next five years across various sectors from seaports to airports, renewable energy parks to data centers, cement to gas, and electrical energy, establishing India’s largest infrastructure group. The group’s focus is not only on serving the markets but also on contributing to the country’s development.
Business
New Delhi: The Adani Group plans to invest a substantial USD 15-20 billion in businesses over the next five years to drive the next phase of growth, as announced by Chairman Gautam Adani. Despite recent scrutiny and allegations, Adani emphasized the group’s strong financial position and resilient business operations.
Adani addressed the group’s annual general meeting, addressing the recent accusations by US authorities regarding a bribery scheme for renewable energy contracts. He clarified that no one from the Adani Group has been charged with violating the US Foreign Corrupt Practices Act (FCPA) or obstructing justice.
Adani highlighted the group’s strategic initiatives to reduce debt, reallocate shares, attract equity from promoters and investors, and refocus on core businesses. Despite challenges, Adani Power, the group’s electricity generation arm, has surpassed 100 billion units of generation and aims to achieve a capacity of 31 GW by 2030.
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Tags: Adani Group, Business News, Dharavi Redevelopment Project, Gautam Adani
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