Adani Group comes out of Hindenburg effect, on the path of rapid expansion

Adani Group comes out of Hindenburg effect, on the path of rapid expansion

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New Delhi: It seems that the Adani Group associated with various businesses has now completely come out of the Hindenburg effect. Within a week the group opened a $1.2 billion copper plant, bought a port in Orissa and increased a stake in a cement company.

It has also tied up with rival Mukesh Ambani’s Reliance Industries. The group, through filings and press releases to the stock exchanges over the past week, highlighted expansion and investment in its core port business, diversification into metal refining, capital infusion into its two-year-old cement sector and the commissioning of its mega solar project. Continual progress has been announced.

Experts say that the announcements made in the last one week are an indication that Adani is on the path of expansion again. The company management said in a recent filing with investors that the group has planned a capital expenditure of Rs 7 lakh crore over the next decade to expand its infrastructure business.

The post Adani Group comes out of Hindenburg effect, on the path of rapid expansion appeared first on Dainik Savera Times | Hindi News Portal.

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