#gautamadani #adanienterprises #adanigroup
Adani Group chairman’s video statement hours justifying the stunning withdrawal of Adani Enterprises FPO… putting paid to the group’s ambitious plans to trim some of its mountainous debt and expand its operations. Adani Enterprises had planned to deploy 3,335 crore rupees immediately in the last two months of the current fiscal and a total of 7,535 crore rupees over the next 14 months. As per the company’s disclosure, 4,165 crore rupees were to be used for the repayment of loans.10,869 crore rupees was to be deployed in several projects of the green hydrogen ecosystem, improvement works of certain existing airport facilities like the Ahmedabad Airport Project, and construction of a greenfield expressway under its road and highway subsidiary.
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