Adani Group Plans To Spend $84 Billion On Infrastructure: Reports

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. Adani Group plans to spend $84 billion on infrastructure over the next decade, reported Bloomberg. The billionaire Gautam Adani-led group will also decide on divesting its stake in Adani Wilmar (ADAW.NS), its joint venture (JV) with Singapore’s Wilmar International , in the next three months, said Jugeshinder Singh, the group’s chief financial officer, on the sidelines of an event in Mumbai. Singh’s expenditure targets are part of Adani’s strategy to attempt to draw a line over allegations made by Hindenburg Research in January after the short-seller accused the conglomerate of engaging in stock pr

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