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"Adani Enterprises' Future Plans: Understanding the Impact of FPO Cancellation on Airports, Roads, and Green Hydrogen"

Editor

Feb 3, 2023 — 2 min read

Gautam Adani's rare address to investors said it would not be “morally correct” to proceed with the follow-on public offering (FPO).

Adani Enterprises, one of India's largest conglomerates, recently announced the cancellation of its follow-on public offer (FPO) amid chaos after the release of the Hidenberge Report. The cancellation of the FPO has led to speculation about the impact on the company's future plans, particularly in the areas of airports, roads, and green hydrogen. In this article, we'll take a closer look at how the cancellation of the FPO will impact Adani Enterprises' plans in these areas.

First, let's examine the impact on Adani Enterprises' airports business. The company has plans to develop and operate airports across India and has already acquired six airports in the country. The cancellation of the FPO will not impact Adani Enterprises' plans for its airports business as the company has already secured the necessary funding for its airport projects. The airports business is expected to continue to grow and contribute significantly to the company's revenue in the coming years.

Next, let's look at the impact on Adani Enterprises' road projects. The company has plans to develop and operate a network of highways across India. The cancellation of the FPO will not impact Adani Enterprises' plans for its road projects as the company has already secured the necessary funding for these projects. The roads business is expected to continue to grow and contribute to the company's revenue in the coming years.

Finally, let's examine the impact on Adani Enterprises' plans for green hydrogen. The company has plans to develop a green hydrogen production facility in India, which will produce hydrogen using renewable energy sources. The cancellation of the FPO will not impact Adani Enterprises' plans for its green hydrogen business as the company has already secured the necessary funding for this project. The green hydrogen business is expected to grow and contribute to the company's revenue in the coming years.

In conclusion, the cancellation of Adani Enterprises' follow-on public offer (FPO) will not have a significant impact on the company's future plans in the areas of airports, roads, and green hydrogen. The company has already secured the necessary funding for these projects, which are expected to continue to grow and contribute to the company's revenue in the coming years.

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