Adani Group will invest 1.2 lakh crore rupees in the upcoming fiscal year, according to Gautam Adani

The Adani Group intends to make investments totalling Rs 1.2 lakh crore, or roughly $14 billion, in the 2024–2025 fiscal year. The port, energy, airport, cement, and media industries will all benefit from this investment. According to sources, to grow its business, the group has doubled its $100 billion investment plan over the next seven to ten years.

Compared to the current financial year 2023–24, the proposed capital expenditure for April 2024 to March 2025 is 40% higher than the estimated expenditure. According to analyst estimates, the group might spend $10 billion in the current fiscal year, which ends on March 31. The group will bring in $9.5 billion in revenue in 2023.

There has been an increase of 34.4 per cent on an annual basis. The group's debt has also decreased by four per cent from March 2023 to September 2023.

Gautam Adani, the chairman of Adani Group, dropped out of school. Commodity trading was the beginning of his business career, which he later extended to ports, power plants, airports, mining, renewable energy, gas, data centres, media, and cement. He rose to become Asia's richest man as well.

The Adani Group is currently the world's second-largest solar energy company. With 25% of all airport traffic being passengers and 40% being air cargo, it is the biggest airport operator in the nation. the biggest logistics and port company, holding a thirty per cent market share.