Two units of Adani Group raised a total of about $275 million through two foreign currency loans as the Indian conglomerate continues to ramp up its borrowing, according to people familiar with the matter.
Adani Ports — part of the Adani group companies — reported a 6.5% year-on-year (YoY) growth in its consolidated net profit for the first quarter of the ongoing fiscal year 2025-26 (FY26) on Tuesday, August 5.
Adani Green Energy's profit after tax for Q1 stood at ₹824 crore as against ₹629 crore in the corresponding quarter last year, recording a growth of 31%.
Gautam Adani announced that the Adani Group intends to invest $15-20 billion in investments across its various enterprises over the next five years to facilitate its next growth phase.
Adani group chairman Gautam Adani has reaffirmed Adani Enterprises' ambitions for aggressive expansion, committing to invest up to $20 billion annually over the next five years.
Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the USD 750-million private bond issuance by the Adani Group.
The group has submitted applications to acquire land in exchange for developing townships and an economic zone. All these applications are pending with the government.
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