{"id":549334,"date":"2023-01-23T11:28:25","date_gmt":"2023-01-23T05:58:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=549334"},"modified":"2023-01-23T12:02:48","modified_gmt":"2023-01-23T06:32:48","slug":"adani-group-to-spin-off-hydrogen-airports-data-centre-businesses-by-2028-cfo-jugeshinder-singh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-to-spin-off-hydrogen-airports-data-centre-businesses-by-2028-cfo-jugeshinder-singh\/","title":{"rendered":"Adani Group to spin off hydrogen, airports, data centre businesses by 2028: CFO Jugeshinder Singh"},"content":{"rendered":"<p>Billionaire Gautam Adani\u2019s group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it\u2019s Chief Financial Officer Jugeshinder Singh said.<\/p>\n<p>Adani Enterprises Ltd, which is looking to raise Rs 20,000 crore in a follow-on share sale, is the business incubator for the group. Over the years, businesses such as ports, power and city gas were first incubated in AEL before being spun off or demerged into separate listed companies.<\/p>\n<p>AEL currently houses new businesses such as hydrogen, where the group plans to invest USD 50 billion over the next 10 years across the value chain, flourishing airport operations, mining, data centre and roads and logistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Gautam Adani\u2019s group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it\u2019s Chief Financial Officer Jugeshinder Singh said. Adani Enterprises Ltd, which is looking to raise Rs 20,000 crore in a follow-on share sale, is the business incubator for the group. Over the years, businesses such as ports, power and city gas were first incubated in AEL before being spun off or demerged into separate listed companies. AEL currently houses new businesses such as hydrogen, where the group plans to invest USD 50 billion over [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-549334","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=549334"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549334\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=549334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=549334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=549334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}