In the past, AEL developed operations such as ports, power, and city gas before eventually separating them into independent publicly traded companies through spin-offs or demergers.
Adani Group CFO Jugeshinder Robbie Singh I Photo: @jugeshinder/Twitter
The group led by billionaire Gautam Adani intends to separate its hydrogen, airports, and data center operations from the rest of the company between 2025 and 2028, once they reach a specific financial status, according to the company’s CFO, Jugeshinder Singh.
Adani Enterprises Ltd, which is looking to raise Rs 20,000 crore in a follow-on share sale, is the business incubator for the group. Over the years, businesses such as ports, power and city gas were first incubated in AEL before being spun off or demerged into separate listed companies.
AEL currently houses new businesses such as hydrogen, where the group plans…