Adani Plans $13 Billion of New Investments in India Growth Push (Business Opportunities - Marketing & Sales)
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Adani Plans $13 Billion of New Investments in India Growth Push | |
Adani Plans $13 Billion of New Investments in India Growth Push Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees ($12.7 billion) of new investments in India, signaling the conglomerate’s focus on growing in its home market while fighting corruption charges in the US. This will fund projects ranging from pumped storage to cement and mining to smartmeters and thermal energy, Adani said at an investment summit in the central Indian state of Madhya Pradesh on Monday. The group is also in discussions for a greenfield smart city, an airport project and a coal-gasification project in the state at an additional investment of 1 trillion rupees, he added. The India investment plans of Adani come amid legal challenges it faces in the US, and a string of project setbacks in countries including Kenya and Sri Lanka. Raising funds overseas has also become harder for the Indian conglomerate since the US Department of Justice’s November indictment of Adani over an alleged bribery plot to win contracts — charges that the Indian group has refuted, Adani Plans $13 Billion of New Investments in India Growth Push, indianpetroplus #AdaniPlans$13BillionofNewInvestmentsinIndiaGrowthPush #Indianpetroplus | |
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2025-03-29 (0.391 sec)