InvestorQ : Why is Adani Enterprises planning to invest about Rs.50,000 crore in the next few years?
Deepa Salunkhe made post

Why is Adani Enterprises planning to invest about Rs.50,000 crore in the next few years?

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Arya Nanda answered.
3 weeks ago
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As you are aware, Adani Enterprises is the holding company of the Adani group and has a stake in all the group companies. It is also a kind of incubation company for the Adani group on the same lines that Tata Sons was conceived so as to not burden existing listed companies with the financial pressure of new ideas.

Now Adani Enterprises has announced a grand plan to invest up to Rs.50,000 crore in infrastructure projects in the next 5 years. These investments will primarily go into airport and other related infrastructure.

It is estimated that nearly Rs.35,000 crore out of this total investment will go towards airports and the balance amount would go towards projects in roads, data centres and other infrastructure projects undertaken by the Adani group.

Adani is already one of the largest operators of airports apart from ports in India. Apart from taking over 3 out of the 6 airports that it had bid for, Adani Enterprises has also acquired control over the Mumbai and Navi Mumbai airports in recent days.

While announcing its results on Wednesday, Adani Enterprises reported net profit of Rs.454 crore for the Sep-20 quarter compared to a small loss in Sep-19 quarter. In addition, the company also wrote off Rs.129 crore towards oil and gas blocks due to commercial non-viability of projects.

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