LIC’s investments in Adani Group shares surged by 51.6%, reaching ₹66,388 crore, up from ₹43,797 crore last year. Despite reducing its stakes in key Adani companies, LIC capitalized on rising share prices. The value of Adani Group’s 10 listed companies hit ₹17.9 trillion, a recovery following a critical report by Hindenburg Research. The group’s earnings grew 40% in FY24, focusing on reducing debt and founder share pledges. Adani Enterprises plans to raise ₹29,100 crore for expansion into green hydrogen, airports, data centers, and petrochemicals. Adani Ports aims for 18% annual EBITDA growth, and Adani Green targets 50 GW power capacity by 2030.
LIC Gains Big from Adani Group Investments
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