After Facing Challenging Year, Adani Group Sets New Goals

The outgoing year 2024 might have posed challenges before the Adani Group in forms like Hindenburg revelation and the indictment by the US court, but the forthcoming year is all set to be a year of remarkable growth for it. The group is will go for $3-bn refinancing in 2025.

Talking to Bizz Buzz, MV Hariharan, ex-treasury head State Bank of India says: “Well the Adani episodes are getting murkier by the day. So, I’m unable to give you anything that is the fact, or is vetted.”

The fact of the matter is, everyone, including the regulators, is very busy grappling with all the news about this conglomerate, with varying degrees of acknowledgement and acceptance. Some justify what's being reported, some are celebrating the prosecution attorney's resignation as a clean chit etc, he said, adding “So too many moving parts, too fluid and sensitive.”

The ports-to-power conglomerate with $3 billion worth of refinancing, Adani group, Adani Green’s Dollar Bond may be revived by June.