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Adani revives capex plans for $1.5 billion

Adani Enterprises has revived its capex plan with an initial investment of $1.5bn to kickstart its new businesses, including solar module manufacturing and green hydrogen. The plans were put on hold after the cancellation of the follow-on public offering in February, but the company s boards have now cleared plans to raise up to INR12,500 crore ($1.7bn) via qualified institutional placements. Adani Enterprises owns a range of businesses, including seaports, airports and data centres. ....

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CNN Fareed Zakaria GPS June 4, 2024 17:06:00

The third is an infrastructure revolution which is readily apparent to anyone visiting india. spending on roads, airport, train stations and other such projects has exploded. government capital spending, capex, has risen fivefold since fiscal 2017, the construction of national highways has doubled as have sea port capacity and airports. mumbai is building an extensive set of bridge e roads, tunnels and metro lines that can truly connect all parts of india s leading economic center. these three revolutions could this time truly transform india, but they can do so best by helping in the country s greatest challenge, bringing hundreds of millions of indians who are still on the margins economically, socially and politically. as of 2019, about 45% indians, more than 600 million people ....

Infrastructure Revolution , Visiting India , Train Stations , Government Capital Spending , Sea Port , Bridge E , 600 Million ,