{"id":45169,"date":"2024-06-27T01:47:16","date_gmt":"2024-06-26T22:47:16","guid":{"rendered":"https:\/\/www.al-sindbad.net\/adani-to-increase-capex-to-15-6-billion\/45169\/"},"modified":"2024-06-27T01:47:16","modified_gmt":"2024-06-26T22:47:16","slug":"adani-to-increase-capex-to-15-6-billion","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/adani-to-increase-capex-to-15-6-billion\/45169\/","title":{"rendered":"Adani to Increase Capex to $15.6 Billion"},"content":{"rendered":"

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\nBy Sumit Khanna<\/span>
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\nJune 26, 2024<\/span>
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\n\u00a9 Oleksandr \/ Adobe Stock\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Indian ports-to-power conglomerate Adani Group will increase capital expenditures in fiscal year 2025 to 1.3 trillion rupees ($15.6 billion) from 700 billion rupees a year earlier, Chief Financial Officer Jugeshinder Singh said on Tuesday.<\/p>\n

Adani Green Energy, the renewable energy arm of the group, will spend 340 billion rupees to add 6 gigawatts of capacity, Singh told reporters at a media briefing in Ahmedabad in Gujarat state.<\/p>\n

The comments came a day after billionaire owner Gautam Adani told investors the group is “well positioned” to capitalize on opportunities in the country’s booming infrastructure sector.<\/p>\n

The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on infrastructure spending, which is expected to grow at a compounded annual growth rate of 20%-25%, Adani said on Monday.<\/p>\n

On Tuesday, Singh denied reports the group is planning to take a stake in payments firm Paytm, but said it will “evaluate any opportunities” in the fintech space.<\/p>\n

($1 = 83.4375 Indian rupees)<\/em><\/p>\n

(Reuters – Reporting by Sumit Khanna; Writing by Chris Thomas; Editing by Jacqueline Wong and Christian Schmollinger)<\/em><\/p>\n<\/div>\n<\/div>\n

maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"

By Sumit Khanna June 26, 2024 \u00a9 Oleksandr \/ Adobe Stock Indian ports-to-power conglomerate Adani Group will increase capital expenditures in fiscal year 2025 to 1.3 trillion rupees ($15.6 billion) from 700 billion rupees a year earlier, Chief Financial Officer Jugeshinder Singh said on Tuesday. Adani Green Energy, the renewable energy arm of the group, …<\/p>\n","protected":false},"author":1,"featured_media":45170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-45169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/45169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=45169"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/45169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/45170"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=45169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=45169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=45169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}