This will be the first overseas fund raising by the group after the Hindenburg report in January last year which led to a big slide in the conglomerate’s market cap. However, the group has recovered from its impact over the past few months
The Adani group firm said it has achieved this milestone within 12 months of commencing work on the RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem
Consolidated net profit was at Rs 103 crore in the year-ago period. Total income rose to Rs 2,675 crore in the third quarter from Rs 2,256 crore in the same period a year ago