Adani announces $88 bln India investment plan, first since US indictments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
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Source: Reuters
Adani Group's Major Investment: India's Adani Group plans to invest over 7.5 trillion rupees ($88.5 billion) in Rajasthan, focusing on renewable energy, cement, and logistics, despite recent U.S. bribery allegations against its founder, Gautam Adani.
Political and Investor Reactions: The indictment has led to political tensions in India, with opposition parties accusing the ruling BJP of favoritism towards Adani, while some investors express concerns, prompting a review of power deals and halting further investments from TotalEnergies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
