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Adani Group, rebounding from market losses caused by a US short seller report in early 2023, is now on an "expansion spree," aiming for a USD 90 billion capex over the next decade. Jefferies reports a 40% YoY EBITDA growth, with focus on debt containment and fresh funds. Various Adani companies witnessed significant developments, including acquisitions, power plant commissioning, and renewable energy capacity addition. ....
"Adani Group is back on expansion spree": Jefferies bullish on group companies aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Jefferies highlighted that the Adani Group's EBITDA grew by 40% year-on-year to Rs 660 billion. Adani Power's EBITDA more than doubled due to capacity additions, higher volumes, increased merchant contributions, and lower imported coal prices. Other group companies saw EBITDA growth between 16-33%, with the exception of Adani Wilmar, which experienced a year-on-year decline., Companies News - Times Now ....
Adani Group Stocks: Rajiv Jain-backed GQG's investments grows 150% to $10 billion businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.