As per reports, the company would invest Rs 5,000-Rs 6,000 crore each year in expanding its capacity with internal cash flow of about Rs 8,000 crore.
VIST will become the world’s largest port operator by 2030, says MD and CEO Rajesh Jha.
The report led to a massive fall in share prices of Adani Group companies with some company shares losing as much as 70 per cent of their value in the rout.
In the recently announced first quarter results, Deloitte highlighted some transactions flagged by Hindenburg as related party transactions.
This comes nearly 2.5 years after a public hearing scheduled for January 22, 2021, was deferred by the Tiruvallur district administration due to the pandemic.
This is one of the first times when a leading audit firm has raised flags on the financial dealings of an Adani Group firm.