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Adani group plans to invest $14 bn across its port

Adani group plans to invest $14 bn across its portfolio companies in FY25 Adani group plans to invest more than Rs 1.2 trllion (about $14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, sources said. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurred in FY24. According to analysts, the portfolio is estimated to have incurred a capex of around $10 billion in FY24 that ends on March 31. ©SHIRSENDU KARMAKAR #Adani
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