Adani Group-rte-company> will double capital spending this year, accelerating investments in green energy and infrastructure projects, including ports, airports and roads, in yet another sign that the conglomerate has put the fallout from a damaging shortseller report behind it.
Billionaire Gautam Adani-bsp-person>’s coal-to-ports empire will spend 1.3 trillion rupees ($15.6 billion) during the year through March 2025, nearly double of what it spent in the previous 12 months, Chief Financial Officer Jugeshinder Singh told reporters at the company’s headquarters in the western Indian city of Ahmedabad.
The group’s finances and corporate governance standards are robust, Singh said, and cited …