Adani Group set to surpass Rs 1 trn Ebitda in FY25, plans $2 bn share sale

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Adani Group set to surpass Rs 1 trn Ebitda in FY25, plans $2 bn share sale - Business Standard

Quick Summary:

The group’s cement, power, and green energy businesses are expected to contribute 46 per cent to this year’s Ebitda.

Additionally, it is in the process of acquiring Lanco Amarkantak, a 600 MW power project, for Rs 4,100 crore, and is negotiating the purchase of Vidarbha Power, a bankrupt Maharashtra-based power project, and Coastal Energen of 1,200 MW.

Shares of Adani Enterprises closed at Rs 3,068 a share on Monday, up by 7.7 per cent since January this year.