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Adani Group will invest 1.2 lakh crore rupees in the upcoming fiscal year, according to Gautam Adani
Gautam Adani: The proposed capital expenditure for April 2024 to March 2025 is 40 per cent more than the estimated expenditure in comparison to the current financial year 2023-24. Analysts estimate that Adani Group may invest $10 billion in the current financial year ending March 31. The group's revenue during calendar year 2023 is $9.5 billion.
The Adani Group intends to make investments totalling Rs 1.2 lakh crore, or roughly $14 billion, in the 2024–2025 fiscal year. The port, energy, airport, cement, and media industries will all benefit from this investment. According to sources, to grow its business, the group has doubled its $100 billion investment plan over the next seven to ten years.
Compared to the current financial year 2023–24, the proposed capital expenditure for April 2024 to March 2025 is 40% higher than the estimated expenditure. According to analyst estimates, the group might spend $10 billion in the current fiscal year, which ends on March 31. The group will bring in $9.5 billion in revenue in 2023.
There has been an increase of 34.4 per cent on an annual basis. The group's debt has also decreased by four per cent from March 2023 to September 2023.
