Adani Group plans to invest over $120 billion across businesses in next five years

BusinessLine reported that Adani Group plans to invest over $120 billion across its businesses in the next five years. The outlet said the proposed spending will span the conglomerate's infrastructure operations and emerging platforms, with energy accounting for the largest share. Fortune India also reported the $120-billion capex plan, calling it exclusive. Capex, or capital expenditure, is money a company spends on long-term assets such as plants, ports, power lines and other infrastructure, rather than on day-to-day running costs. A conglomerate is a group that runs several different businesses under one parent. The headlines give the total size of the plan and the broad areas it covers, but not the year-wise split or how it will be funded.

AI summary of what BusinessLine and Fortune India reported. AI can make mistakes. Read the full story on BusinessLine