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Home > All news > Port > Adani Group plans to invest $3 bn for Global Ports expansion in 3-5 years
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Adani Group plans to invest $3 bn for Global Ports expansion in 3-5 years

May 23, 2024
Reading Time: 2 minutes
Adani Group Chairman Mr Gautam Adani

Mumbai - The Adani Group is set to invest $3 billion to expand its global ports capacity, targeting substantial acquisitions to strengthen its position along the vital trade corridor connecting India to Europe via Central and West Asia, according to a report by Mint. The strategic move aims to capitalise on the rising demand for iron ore and coal imports, as well as the export of finished goods.

To fund this $3 billion capital expenditure, Adani Group plans to use a mix of cash, internal accruals, and debt. Additionally, proceeds . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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