Mumbai, June 11 -- Adani Group needs to raise about Rs.2.5 trillion (about $30 billion) over the next five years to meet its $100-billion capital expenditure plan and meet its debt obligations, two top executives said, outlining the conglomerate's growth strategy as it emerges from last year's bribery allegations.
The capital investments will be focussed on the energy and utilities and the infrastructure and logistics sectors, said Sagar Adani, executive director ofAdani Green Energy Ltd and nephew of Adani Group chair Gautam Adani.
Sagar Adani spoke with Mint on Wednesday in his first media interview since US authorities in November charged him along with Gautam Adani and group executive Vneet Jaain withsecurities fraud. He did not com...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.