Adani Group

Insiders reveal that this substantial investment will be channeled across various sectors within the portfolio, spanning from green energy initiatives to airports, cement, commodities, and beyond, in the upcoming financial year.

Addressing the gathering, Adani underscored the inevitable challenges that accompany success, cautioning that as one's achievements soar, so too does the target on their back. He stressed that the true measure of success lies not solely in accomplishments, but in the resilience exhibited amidst adversities.

In an exclusive conversation with IANS, Karan Adani outlined the ambitious vision for the Chaudhary Charan Singh International Airport (CCSIA), emphasizing its pivotal role in the region's economic growth. The master plan aims to elevate the airport's capacity to cater to a staggering 38 million passengers annually by 2047-48, a move expected to create employment opportunities for 50,000 to 60,000 individuals.

Highlighting the robust financial standing, the company maintained a significant cash balance of Rs 44,572 crore ($5.4 billion) by the end of December 31, 2023. The core infrastructure segment demonstrated exceptional performance, contributing Rs 66,208 crore ($8 billion) in EBITDA over the last 12 months, marking a notable 35.4 percent increase year-on-year.

Addressing the Vibrant Gujarat Global Summit, Adani emphasized that this substantial investment is expected to generate a staggering 1 lakh employment opportunities.

Serving over three million consumers across 400 square kilometers in Mumbai and suburbs, AEML delivers nearly 2000 MW of power daily with an impressive 99% reliability rate, ranking among the highest in the country.

In its verdict, the court specified that both the government and SEBI will scrutinize any potential violations of the law by Hindenburg related to short-selling, and appropriate actions will be taken in accordance with legal provisions.