Gautam Adani, the head of Adani Group, is set to receive a massive Rs 171398500000 (approximately $2 billion) after selling its stake in Adani Wilmar. The company plans to invest this money in three projects: airport business, Adani Green, and a new project. A significant chunk of the funds will be invested in airport business, with a projected investment of $1-1.2 billion. Additionally, the company will invest $30-50 crore in Green Hydrogen and the remaining amount in digital space. Adani Group has also announced forays into refinery, petrochemicals, and chemical businesses, and has already formed a joint venture with Indorama, a Thailand-based company. The company aims to focus on its core businesses and has decided to divest from non-core businesses like Adani Wilmar. Adani Airport Holdings is upgrading several airports, with the Navi Mumbai airport expected to start operations this year. The company also plans to increase its Green Hydrogen capacity to 10 lakh tonnes annually by 2027.
Gautam Adani is set to receive a staggering Rs 171,398,500,000, but the question on everyone’s mind is: where will he allocate this massive sum, as the company plans to channel it into…
by newsworm | Jan 7, 2025 | Uncategorized | 0 comments