Billionaire Gautam Adani-led Adani Group plans to spend `7 lakh crore ($84 billion) over the next decade, mainly on infrastructure, Adani Group Chief Financial Officer Jugeshinder Singh said on Friday.
It’s the largest investment announced by the port-to-power company since the stock route, thanks to a report by US-based short-seller Hindenburg Research earlier this year. “Our capex will grow to operate and develop infrastructure,” Singh said, without disclosing further details. On the fundraising plans, Singh said that between Adani Ports and SEZ, Adani Green Energy, Adani Power and Adani Enterprises, airports and roads will soon tap into the domestic bond market in the near future.
