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Bond Market News
Adani Group Plans $15.6bn Capex Through 2025
June 26, 2024
Adani Group plans to spend INR 1.3tn ($15.6bn) through 2025, nearly double that of the previous twelve months on capital spending, as per its CFO. Besides, the group also plans to raise about $2.5bn via share sales this financial year. Investments will be boosted across its green energy and infrastructure projects, that includes ports, airports and roads. Analysts note that the spending push indicates the company’s confidence in its finances, whilst also putting the allegations from Hindenburg Research in early-2023 behind it.
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