Adani Group now plans to enter water segment

20 Jan 2023 , 03:30 PM

Adani Enterprises, which is launching India Inc’s second-largest follow-on public offer worth Rs 20,000 crore next week, said on Thursday it is planning to enter the water segment as this is a key element of its core business of infrastructure.

The group is into the entire gamut of infrastructure including its ports, airports, roads, expressways power generation & distribution, among others. In ports and airports, the group is the largest player in the private sector.  

Addressing media from Milan, group chief financial officer Jugeshinder Singh commented that the company has fixed the price band for the Rs 20,000-crore issue in the range of Rs 3,112-3,276 per share.

Earlier, the group had announced the plans to invest USD 50 billion over the next 10 years in the green hydrogen ecosystem to produce up to 3 million tonne of green hydrogen. Also, it plans to expand its solar module manufacturing capabilities at Mundra SEZ in Gujarat to up to 10 gw per annum.

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