Mumbai: Adani Group, which focuses on ports and power, is preparing to spend Rs 1.3 lakh crore ($15.6 billion) in fiscal 2025, according to group CFO Jugeshinder Singh.
He mentioned that the group aims to secure between $2 billion and $2.5 billion in equity capital by March 2025. Singh has also mentioned that Adani Enterprises plans to list its airport business in FY28.
According to a report, Singh stated that Adani Green, its clean energy division, will invest Rs 34,000 crore to increase capacity by adding 6-7 GW in the current fiscal year.
Furthermore, Singh mentioned that the margins were 30 percent after using up all the capital. The chief financial officer also pointed out that the company has the top cash per share growth in the nation at 43.2 percent. Singh stated that the group produces 70 percent of the necessary funds internally for each billion-dollar expansion plan.
The remarks were made one day after wealthy owner Gautam Adani informed investors that the group is in a good position to take advantage of opportunities in the growing infrastructure sector of the country.
Adani stated on June 24 that the company, with ventures in various sectors such as ports, power utilities, transmission, and coal trading, is confident about the growth in infrastructure spending, projected to increase at an annual rate of 20 percent to 25 percent.
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