Adani Group AGM: Adani Group's investment of $15-20 billion in the next 5 years and victory over challenges

Adani Group AGM: Adani Group Chairman Gautam Adani on Tuesday announced that the group will make a record investment of $15 to $20 billion in various businesses over the next five years. This investment will be made to strengthen the next phase of growth in sectors such as ports, airports, renewable energy, data centers, cement, gas and power. Adani said that this investment is not only for the growth of the group but is an important step towards contributing to India's infrastructure and nation building.

Strong financial position

Despite constant scrutiny and challenges, the Adani Group has demonstrated its financial strength. Gautam Adani told in the Annual General Meeting (AGM) that the total income of the group stood at Rs 2,71,664 crore, registering a growth of 7 percent. Also, the figure of Rs 89,806 crore was achieved with an increase of 8.2 percent in income before tax. This achievement has been reflected in the form of a spectacular improvement in the shares of the group companies and record income.

Response to bribery allegations

Referring to the indictment by US authorities in the case of alleged bribery related to renewable energy contracts, Adani clarified that no one from the Adani Group is accused of violating the US Foreign Corrupt Practices Act (FCPA) or obstruction of justice. He said, "Despite constant investigations, we never backed down. True leadership is forged in the fire of crisis." Adani stressed that the group follows global standards and does not compromise on compliance.

Following global standards

Gautam Adani, in his address, emphasized that the Adani Group strictly follows global standards in its functioning. He said, "We have proved that despite the challenges, we have not only survived but have emerged stronger." The group rejected all false allegations and said that it is committed to the integrity of its behavior.