New Delhi, Feb. 20 -- Adani Group stocks are in focus on Thursday after the company announced a new phase of high capital expenditure (capex) growth, with plans to invest over $100 billion ( Rs.8 lakh crore) over the next decade.
Unlike the previous capex cycle, which relied significantly on debt, this time, the group's investments will be largely supported by expanding cash flows, reflecting its improved financial health and operational resilience, Adani group said.
In the twelve months ending December 2024, Adani Portfolio companies reported an all-time high EBITDA of Rs.86,789 crore, marking a 10.1% year-on-year growth. Adjusted for prior period income, the growth rate stands at an impressive 21.3%.
The billionaire Gautam Adani-led ...
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