NEW DELHI: Billionaire Gautam Adani-led Adani Group is planning to spend `7 lakh crore ($84 billion), mainly on infrastructure, over the next decade, said Jugeshinder Singh, Group chief financial officer of Adani Group on Friday.
This is the biggest investment announced by the port-to-power conglomerate after the stock rout caused by a report by US-based short-seller Hindenburg Research earlier this year. “Our capex will go up to run and develop infrastructure,” Singh said, without disclosing further details. On fundraising plans, Singh informed that Adani Ports and SEZ, Adani Green Energy, Adani Power and within Adani Enterprises, airports and roads will soon tap the domestic bond market in near future.
