NEW DELHI: Adani Group plans to speculate $15-20 billion a 12 months throughout companies over the following 5 years to chart out the following section of progress, chairman Gautam Adani mentioned on Tuesday as he touted the conglomerate’s robust steadiness sheet to shrug off an indictment in the US. Addressing the group’s AGM nearly, he referred to current indictment by the US authorities in an alleged bribery scheme to win profitable renewable power provide contracts, saying no one from Adani Group has been charged with violating US Foreign Corrupt Practices Act or conspiring to hinder justice. The group is eyeing 100 gigawatt of renewable and standard electrical energy technology capability by 2030 and can use file earnings to increase the empire that ranges from seaports to airports, renewable power parks to knowledge centres, cement to fuel and electrical energy.About the group’s plans, he mentioned: “Our capital investment across businesses is set to break all records. We anticipate an annual capex spend of $15-20 billion for the next five years.” Agencies
