Adani Group Stocks: Rs 32,000 crore plan to be announced as soon as the market closes, shares will be affected

Apart from Hindenburg's allegations and the ongoing investigation on those allegations, the Adani Group continues to move forward on its plans. After the market closed on Thursday, news related to a similar plan of the group has surfaced. In which the group will work on raising $ 4 billion for a low-cost green hydrogen project. This amount is equivalent to 32 thousand crore rupees in Indian currency. This information has come out from the sources. Today, one of the group companies, ACC, has also released its quarterly results and the company has turned profitable from losses.

According to information received from sources, the group is trying to raise $ 4 billion to move forward on its green hydrogen project. Adani New Industries, a wholly-owned subsidiary of Adani Enterprises, is trying to raise funds through domestic and international banks. And the company is in the early stages of negotiations with these banks. At present, there is no confirmation about this.

In June this year, France's Total Energies and Adani Group had announced plans to invest $5 billion to produce green hydrogen in India. Gautam Adani has already said that 75 percent of the company's total capital expenditure will be on green business and in the next decade the company will invest $ 20 billion on renewables, green component manufacturing and related infrastructure. With the Government of India increasing the focus on green energy, the Adani Group has also prepared many big plans for the sector. The Adani Group website clearly states that it is not difficult to imagine a situation where hydrogen can be produced at less than one dollar per kg. This will not only help the country to distance itself from fossil fuel. At the same time, the impact of high export burden on the government treasury will also be reduced.