The first 500,000 tons of capacity at the $1.2 billion facility in Mundra in the western state of Gujarat is set to start operations next month, according to Vinay Prakash, chief executive officer at Adani Natural Resources.
Adani Enterprises Ltd., the flagship, as well as Adani Green Energy Ltd. and Adani Transmission Ltd., may raise between $3 billion and $5 billion for a war chest to bolster the businesses, the people said, asking not to be identified as the information is private.
Three companies controlled by billionaire Gautam Adani are considering a fundraising that may draw as much as $5 billion, according to people familiar with theā¦
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Indian billionaire Gautam Adani will control 64.71% of New Delhi Television Ltd as the company's founders have decided to sell most of their shares, four m..