'Adani Group Never Backed Down, Emerged More Formidable': Gautam Adani

'Adani Group Never Backed Down, Emerged More Formidable': Gautam Adani

Adani Group is set to invest $15-20 billion over the next five years across businesses, the company's Chairman Gautam Adani has said, touting the Group's strong balance sheet and robust business growth.

Adani commits $15-20 billion annual capex over the next five years

Adani group chairman Gautam Adani has reaffirmed Adani Enterprises' ambitions for aggressive expansion, committing to invest up to $20 billion annually over the next five years.  “Our capital investment across businesses is set to break all records. We anticipate an annual capex spend of $15–20 billion for the next 5 years,” said Adani, in his annual letter to Adani Enterprises shareholders.   He cited this as a vote of confidence in India’s lon…

Adani Group never backed down amid scrutiny; now more formidable, unbreakable: Gautam Adani

New Delhi: Despite facing consecutive acquisitions and intense scrutiny, Adani Group never backed down and instead adapted its strategy, emerging more resilient, formidable and unbreakable, its chairman Gautam Adani said. The conglomerate will invest USD 15-20 billion over the next five years across businesses, he said touting its strong balance sheet and robust business growth. In January 2023, US short seller Hindenburg Research published a sc…

Adani Group To Invest $15-20 Billion In Next Five Years Across Businesses: Gautam Adani

Adani Group plans to invest $15-20 billion over the next five years across businesses, touting its strong balance sheet and robust business growth, according to Chairman Gautam Adani."Our conviction is anchored in clarity. Our objectives are aligned with India's ambitions. And our strength comes from the belief that you, our shareholders, place in us," he said in Adani Enterprises's annual report.On the allegations by the US Department of Justic…