The Chief Financial Officer of Jugeshinder Singh says Adani Group of India plans to invest 7 trillion rupees ($84.00 billion) over the next decade for infrastructure projects. Our capex will go up to run and develop infrastructure”. He states, “The Adani Group will persist to focus on infrastructure businesses as the boundaries in FMCG business are much lower”. This significant move by Adani Group reminds, at some point in an annual address to shareholders, Gautam Adani, the conglomerate’s chairman and founder announced the grand expansion targets across the ports, energy and infrastructure businesses.
In the sidelines of Trust group event in Mumbai, Singh said, The Gautam Adani-led group will also decide on stripping its stake in its joint venture, Adani Wilmar with Singapore's Wilmar international in next three months.
On speaking about Fund raising plans, Jugeshinder Singh says, “80 percent of long duration capital of the company comes from the global market and remaining 20 percent shorter duration capital comes from domestic market. Amid the other companies of Adani, such as Adani Ports and SEZ, Adani Green Energy, Adani Power and within Adani Enterprises airports and roads might hit the market of domestic bond in future.”
Singh adds, “Adani Green Energy will need to raise $350 million of notes to refinance the accessible debt that will grown-up in December 2024”.
A leading multinational conglomerate, The Adani Group has seven companies under the infrastructure sector are Adani Enterprises Ltd., Adani Power Ltd., Adani Green Energy Ltd., Adani Ports and Special Economic Zone Ltd., Adani Energy Solutions Ltd., Adani Total Gas Ltd. and Ambuja Cements Ltd.
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