Adani Touts $100 Billion Push in Defiant Shareholder Address
The Adani Group plans capital expenditure ranging between $15 billion and $20 billion a year over the next five years, billionaire Gautam Adani said, in his first appearance before shareholders since the US Department of Justice indicted him in November.
The group, with interests in seaports to power generation, will see a new airport begin operations in a Mumbai suburb later this year, Adani told shareholders at the annual meeting of flagship Adani Enterprises Ltd. on Tuesday. The conglomerate will also get a 10 GW integrated solar module plant operational by the next fiscal year, while targeting 100 GW of capacity across thermal and renewable energy by 2030, he said.
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