At Adani Enterprises’ annual general meeting, chairman Gautam Adani emphasized the group’s strong position to benefit from India’s booming infrastructure sector, which is expected to see a cumulative spend of $2.5 trillion. He noted that most of the funding and implementation would occur at the state level, highlighting the group’s operations across 24 Indian states and the vital role state governments play.
During the AGM, held via video conference, Adani mentioned that all listed Adani entities would conduct their AGMs in the same week of June annually, starting with his birthday on June 24. Reflecting on the Hindenburg episode, Adani dismissed the accusations by the US-based short seller as unfounded, emphasizing the group’s resilience and commitment to growth.
Chief Financial Officer Jugeshinder Singh addressed concerns about geopolitical issues potentially impacting the India-Middle East-Europe corridor project, assuring shareholders of the group’s long-term strategy. Additionally, Singh mentioned the ongoing development of the green hydrogen ecosystem, with plans to complete it in the coming years.
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