{"id":575224,"date":"2023-05-08T10:56:47","date_gmt":"2023-05-08T05:26:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=575224"},"modified":"2023-05-08T11:33:57","modified_gmt":"2023-05-08T06:03:57","slug":"adani-flagship-company-lowers-capex-goal-to-3-8-bn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-flagship-company-lowers-capex-goal-to-3-8-bn\/","title":{"rendered":"Adani flagship company lowers capex goal to $3.8 bn"},"content":{"rendered":"<p>Adani Enterprises (AEL), the flagship company of the Adani Group, has revised its capital expenditure (capex) guidance downwards for FY24 and will now invest $3.8 billion across three business areas, down from $5.3 billion \u2014 a 28% drop from its earlier guidance.<\/p>\n<p>This is the first material correction in AEL\u2019s investment plans after the group was hit by US-based short-seller Hindenburg Research responsible for wiping out more than $100 billion of market capitalisation of Adani companies. <\/p>\n<p>Last year, in an analyst call after a quarterly result announcement, Jugeshinder Singh, Adani group CFO, had guided for $5.3 billion capex for FY24 and $5.1 billion for FY23. The capex plan for five years starting FY25 was announced to be $49 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Enterprises (AEL), the flagship company of the Adani Group, has revised its capital expenditure (capex) guidance downwards for FY24 and will now invest $3.8 billion across three business areas, down from $5.3 billion \u2014 a 28% drop from its earlier guidance. This is the first material correction in AEL\u2019s investment plans after the group was hit by US-based short-seller Hindenburg Research responsible for wiping out more than $100 billion of market capitalisation of Adani companies. Last year, in an analyst call after a quarterly result announcement, Jugeshinder Singh, Adani group CFO, had guided for $5.3 billion capex for FY24 [&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-575224","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575224","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=575224"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575224\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=575224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=575224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=575224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}