Reach us: 7304553123 / mktg@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Adani Group to invest Adani Wilmar stake sale proceeds in airports, green hydrogen

Tuesday, 07 Jan 2025
Share this on :

Adani Group plans to deploy over USD two billion from the divestment of its 44 percent stake in Adani Wilmar to three key segments - airports, green hydrogen, and new ventures, with a major share directed towards airport infrastructure.

Approx. USD 1-1.2 billion will be used to expand and acquire airports, including upgrades under concession agreements with the Airports Authority of India (AAI) and the Navi Mumbai International Airport (NIAL), which is expected to become operational this year. Additionally, funds are set aside for bidding on modernisation projects for other airports. Another USD 300-500 million is earmarked for the Group’s green hydrogen project under Adani New Industries.

The project aims to establish a green energy ecosystem with a production capacity of one MT annually by FY27, scaling to three MT over the next decade. The remaining funds will support new initiatives under Adani Enterprises, including ventures in the digital space, aligning with the group’s strategy to focus exclusively on infrastructure while exiting non-core businesses.

Last week, Adani Enterprises announced its exit from Adani Wilmar, a joint venture with Wilmar International. The 44 percent stake is valued at over USD two billion. In FY25 so far, the Adani Group has spent USD nine billion on capital expenditure, with the year-end forecast exceeding USD 15 billion. This includes investments by Adani Enterprises, Adani Green Energy, Adani Power, and Adani Cements. 

This strategic reallocation reflects the Adani Group’s commitment to expanding its infrastructure footprint while advancing its green energy goals and exploring emerging opportunities in the digital domain.

New Password
Confirm Password