18-Mar-2024
2 mins read
.jpeg)
India’s prominent Adani Group is gearing up for its planned investment by the next fiscal year 2025. The group is expected to invest over Rs 1.2 Lakh crores across its portfolio companies while giving a special focus on the Green/Renewable energy sector.
The planned investment by the Adani Group is 40% higher than the invested amount in the current fiscal year 2023. The group is estimated to have incurred a capital expenditure of around $10 billion. However, for the next 7 to 10 years the company had doubled its investment amount to $100 billion.
Also Read | Naman In-Store (India) IPO: Thing to Know Before Applying
How Funds Allocated into Adani Group Companies
Gautam Adani Group is planning to allocate 70% of Rs 1.2 lakh crores in the business of Green Energy which includes, renewable power, hydrogen and green evacuation. The remaining 30% will be allocated to expand its airports and ports business. The group is expecting a massive jump in its profits after the execution of planned investment.
The new set of planned investments comes after the Adani Group pledged to invest more than Rs 60,000 crore in its airport business over the next five to ten years.
Managing Director of Adani Ports, Mr Karan Advani said that the company is planning to pump half of the investment into the terminal and the runway capacity over next five years, while the other half will be allocated for the cityside development of airports over next 10 years.
After the news of planned investment of Rs 1.2 lakh crore, the share prices of all the listed Adani Group companies showed recovery from intraday lows.
Adani’s Bonds and Shares fell on Monday Morning
Recently, Adani’s Bonds and shares fell due to US prosecutors having widened their probe of the conglomerate to focus on whether it engaged in bribery. Due to this, shares of Adani Group opened lower, however by the end of the day shares showed a minor recovery.
Also Read | Lok Sabha Election 2024: How Sensex Moved During Election Since 1999