Akshata Sharma
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Gautam Adani-led Adani Group plans to invest about Rs 1.3 lakh crore across its portfolio companies this fiscal as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, according to Group CFO Jugeshinder (Robbie) Singh.
Singh said the investment in portfolio companies ranging from ports to energy, airports, commodities, cement, and media will be 70% met through internal cash generation and the remaining through debt.
He said the company will look to refinance $3-4 billion of debt maturing in the year and raise an additional $1 billion in project financing.
He added that the annual $2-2.5 billion equity infusion by bringing in new investors is also likely to continue.
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