Gautam Adani to receive a cheque of Rs 171398500000; where will he spend this huge money?  Company has planned to invest in….
GH News January 07, 2025 07:07 PM
The country’s third largest business group Adani Group is all set to sell its stake in Adani Wilmar and in return it will receive Rs 171398500000 (approximately $2 million).  According to a report published in Hindu BusinessLine the company has planned to invest the money in its three projects. The three projects are-airport Adani Green and a new project. But the company will invest a large chunk of money in airport business.  The Group has also announced forays in refinery petrochemicals and in chemical business. The company has already made a joint venture with a Thailand-based company Indorama.  As per reports the company will invest $1 to $1.2 billion in airport business $30-$50 crore Green Hydrogen and the rest of the money the company would invest in digital space. Last week the flagship company Adani Enterprises FMCG company Adani Wilmar had announced to sell its stake in Adani Wilmar. Currently the company has 44% stake in Adani Wilmar which has the value at approximately $ 2 billion.  The company said it wants to discontinue from non-core business and wants to give all its attention to the core one. Adani Airport Holdings is managing the upgradation of several airports. The Navi Mumbai airport is expected to start operations this year. Adani is also investing in new industry Green Hydrogen and it is focusing to increase the capacity 10 lakh tonnes annually by 2027.   
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