Gautam Adani Group is looking to invest up to $3 billion in port and renewable energy projects in Vietnam. The Government of Vietnam has given this information in a statement. The statement comes at a time when Karan Adani, CEO of Adani Ports, and Prime Minister of Vietnam Pham Minh Chinh met. After the meeting, the Prime Minister of Vietnam also indicated the investment of the Adani Group.
Up To $10 Billion investment
After this meeting, Karan Adani said that this country is ready to create favourable conditions for the big companies of India. The Prime Minister of Vietnam has welcomed the Adani Group to the country. It is believed that Adani Group may invest up to $10 billion in Vietnam in the long term.
Shares Fall
Meanwhile, Adani Group company Adani Ports’s shares fell to 2.13 per cent on Wednesday. Shares of seven group companies closed with losses on Wednesday, with Adani Enterprises shares falling by nearly six per cent. Whereas Adani Wilmar shares fell 4.99 per cent, ACC shares 2.15 per cent, Adani Power 1.63 per cent, Ambuja Cements 1.25 per cent and Adani Green Energy 0.52 per cent.
However, Adani Transmission’s share rose by 5 per cent, Adani Total Gas’ share by 5 per cent and NDTV’s share by 4.98 per cent. Let us tell you that after the report of the Supreme Court committee came out, the shares of the group companies were profitable for the last three days.
