Billionaire Gautam Adani’s flagship firm and his power utility are renewing plans to raise as much as $2 billion by March 2025, according to sources in the company.
Adani Energy Solutions Ltd. is expected to receive board approval to raise $500 million, while Adani Enterprises Ltd. is set to raise $1.5 billion, according to the sources.
These individuals, who preferred to remain anonymous, provided insights into the conglomerate’s internal discussions as it intensified its capital spending efforts.
Adani Enterprises Ltd. is a diversified conglomerate with interests in sectors such as energy, infrastructure, logistics, agribusiness, and defense.
The company plays a key role in driving the Adani group’s growth and expansion initiatives both domestically in India and internationally.
Gautam Adani is an Indian billionaire industrialist and the chairman and founder of the Adani Group, a diversified partnership with interests in various sectors.