Gautam Adani’s mega plan! Will invest Rs 1.2 lakh crore
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Gautam Adani: Indian industrialist Gautam Adani is rapidly expanding his business. Adani is making new investments in everything from renewable energy to port industry. It is now being told that Adani Group plans to invest more than Rs 1.2 lakh crore in its business spanning ports, energy, airports, commodities, cement and media sectors in the next financial year starting from April 1. . Sources said the group has doubled its investment forecast from $100 billion to expand the business over the next 7-10 years. The estimated capital expenditure for the financial year 2024-25 is 40 percent more than the previous financial year. According to analysts, capital expenditure is estimated to be around $10 billion in the financial year 2023-24 ending March 31. According to media reports, these investments will lay the foundation for rapid increase in profits. Due to this decision of Adani Group, today we may see a rise in the shares of companies related to ports, energy, airports, commodities, cement and media sectors.
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Capital expenditure estimated at $100 billion
Gautam Adani’s group had earlier said that capital expenditure of $ 100 billion could be done in the next 7-10 years. The majority of this investment is to be made in the group’s fast-growing businesses – renewable energy, green hydrogen and airports. Most of the capital expenditure will be for green energy. Apart from this, spending will be done on airports and port businesses.
Big plan for expansion of airports
Gautam Adani has planned a big investment in the airport business. A few days ago, Karan Adani, MD, Adani Ports and Special Economic Zone (APSEZ), had said that the Adani Group is planning to expand seven existing airports in its portfolio with an investment of ₹60,000 crore in the next five to ten years. At the same time, Adani Airports Holdings (AAHL) Chief Executive Officer Arun Bansal had said that Rs 30 thousand crore will be spent on the airside in the next five years. Whereas, apart from this, in the next five to ten years, a plan has been made to spend Rs 30 thousand crore on ‘cityside’ at the airports of Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur and Thiruvananthapuram. ,with language input,
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