Gautam Adani’s Infra Bet Pays Off
Adani Group chairman balances core sector investment and deleveraging following the Hindenburg meltdown.
Adani Group chairman balances core sector investment and deleveraging following the Hindenburg meltdown.
AGEL says it has delivered $1.4 bn equity raising and $1.6 bn of debt for ringfenced project SPVs from international banks
Gautam Adani says investment to boost AGEL's decarbonisation plan and 45 GW renewable energy capacity target
The partnership aims to catalyse India’s 2030 decarbonisation target, supported by a rising inclination towards electric vehicles in the cab-hailing segment.
For FY23, the profit grew 7% to ₹546 crore, while revenue from operations jumped 46% to ₹4,683 crore, driven by higher volume and increase in sales price.
The investments in Adani’s entities were undertaken in full compliance with applicable Indian laws, and its own internal governance processes, says TotalEnergies.
TotalEnergies will acquire 25% minority stake in Adani New Industries with a focus on creating world's largest green hydrogen ecosystem.