Adani's little-known infra arm amasses Rs.50,000-cr orderbook, eyes acquisitions
Mumbai, June 1 -- A little-known Adani Group company has quietly emerged as one of India's largest infrastructure platforms and is now looking to strengthen its in-house project execution capabilities through acquisitions, according to an India Ratings report of 2 April and an executive familiar with the matter.
With the Ahmedabad-based conglomerate scaling up its investments across new ports, roads, airports and power plants, the infrastructure company-Adani Infra (India) Ltd, or AIIL-has amassed an orderbook of more than Rs.50,000 crore and is expected to generate nearly Rs.10,000 crore in annual revenue after a rapid expansion over the past two years, according to a 2 April India Ratings report.
Currently, the promoter-owned private ...
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