© indiatoday.inAdani Group Projects $15–20 Billion Annual Capex Over Next Five Years
The AGM for Adani Enterprises kicked off at 10:30 a.m., with Adani Ports set to follow at 12:30 p.m. Chairman Gautam Adani began the meeting by saluting the Indian armed forces for Operation Sindoor and also remembered the recent Air India plane crash.
Adani Group Chairman Gautam Adani said the group’s capital investments are poised to break records, with plans to spend $15–20 billion capex annually over the next five years, not just for business growth, but to contribute to India’s infrastructure development.
During the AGM, Gautam Adani also addressed the bribery allegations brought by U.S. authorities, stating that no one from the group has been charged with violating the Foreign Corrupt Practices Act (FCPA) or obstructing justice in connection with the bribery allegations by U.S. authorities and the SEC.