Adani Green plans Rs 10,000 crore capex for FY21, expects delays in project execution
Adani Green Energy plans to invest Rs 10,000 crore in capital expenditure in the financial year 2020-21, but expects project execution to be delayed on account of the disruption caused by the Covid-19 pandemic.
Billionaire Gautam Adani-led Adani group has committed to invest over 70% of its budgeted capex into clean energy and energy-efficient systems so as to become the largest solar player in the world by 2025 and the largest renewable player in the world by 2030.
“With the long-lasting impact that COVID-19 is due to have on all sectors, sustainability driven business is imperative. Green Energy and Renewable Energy motivated investments will continue in this coming fiscal year,” Gautam Adani, chairman, said in a press statement on Monday.
