Hindenburg report 'gas and fire', our FPO, investment plans on track: Adani

Group cos churning Rs 1,100 cr Ebitda a week

The Adani group’s operating companies are churning out Rs 1,100 crore of Ebitda (earnings before interest, depreciation, tax and amortisation) per week and the group’s investment plan in the hydrogen business remains on track, Chief Financial Officer Jugeshinder Singh told Business Standard on Sunday.

“There is no change in our follow-on public offer (FPO) plans and we are extremely confident of its success. The hydrogen project’s development is not contingent on this (the adverse report of short-seller Hindenburg). Our main focus remains on running our businesses,” Singh said.

The Rs 20,000-crore FPO is raising half the proceeds, with the rest to be