Adani Group Opts Out Of US Funding For Its Colombo Port Project | Read

  • 0:41
  • Published On: December 11, 2024
Cinema View
Embed

Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.

In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project "is on track for commissioning by early next year" and added that the company will fund the ongoing project through "internal accruals", aligning with its capital management strategy.

The company said it has withdrawn its 2023 "request for financing from the US International Development Finance Corporation (DFC)".

Related Videos

Adani Group, ISKCON Join Hands To Serve Meals To Devotees At Maha Kumbh 2025
January 09, 2025 1:49
Adani Ports Ranks Among Top 10 In Transportation, Infra In S&P Global List
January 08, 2025 0:56
Gautam Adani Meets Gukesh Dommaraju, Praises His Historic Achievement
January 01, 2025 3:22
Big Firms Not Doing Even 25% Infrastructure Work: Gautam Adani
December 26, 2024 2:30
Adani Group Supports Para Cricketer Amir Hussain With Rs. 70 Lakh For Cricket Academy In J&K
December 24, 2024 1:39
Adani Defence & Aerospace Acquires Air Works For Rs 400 Crore
December 23, 2024 0:58
Bombay High Court Clears Path For Adani Group To Redevelop Dharavi Slum
December 20, 2024 8:53
High Court Upholds Tender Awarded To Adani Group To Redevelop Dharavi Slum
December 20, 2024 0:47
KTR Questions Rahul Gandhi's Hypocrisy On Adani
December 19, 2024 0:46
'Adani Group Looks Most Attractive Among India Corporates, No Signs Of Stress': Nomura
December 09, 2024 0:46
4 Adani Group Bonds Rated 'Overweight', JP Morgan Says Liquidity Stable
December 06, 2024 0:50
  • Gadgets 360 With Technical Guruji: CES 2025, OnePlus 13 and Xiaomi Pad 7
    January 11, 2025 17:32

    Gadgets 360 With Technical Guruji: CES 2025, OnePlus 13 and Xiaomi Pad 7

  • AAP Vs BJP: Can Posters Paper Over People's Issues In Delhi?
    January 11, 2025 20:02

    AAP Vs BJP: Can Posters Paper Over People's Issues In Delhi?

  • AAP Vs BJP | Purvanchal Voters Row | Delhi Elections | Biggest Stories of January 10, 2025
    January 10, 2025 21:23

    AAP Vs BJP | Purvanchal Voters Row | Delhi Elections | Biggest Stories of January 10, 2025

  • Trump Sentenced In Hush Money Case, Spared Jail Term And Penalty
    January 10, 2025 13:24

    Trump Sentenced In Hush Money Case, Spared Jail Term And Penalty

  • "Come, Visit My Home": BJP Candidate Parvesh Verma To Arvind Kejriwal Amid "Sheesh Mahal" Row
    January 10, 2025 14:26

    "Come, Visit My Home": BJP Candidate Parvesh Verma To Arvind Kejriwal Amid "Sheesh Mahal" Row

  • Senior Cop On Drive Against Illegal Immigrants In Delhi
    January 10, 2025 6:41

    Senior Cop On Drive Against Illegal Immigrants In Delhi

  • Meet Our MPs: LJP (R) MP Rajesh Verma Shares Vision For Khagaria
    January 10, 2025 9:55

    Meet Our MPs: LJP (R) MP Rajesh Verma Shares Vision For Khagaria

  • Adani Group Pledges 1 Crore Free Copies Of 'Arti Sangrah' To Maha Kumbh Devotees
    January 10, 2025 0:49

    Adani Group Pledges 1 Crore Free Copies Of 'Arti Sangrah' To Maha Kumbh Devotees

  • Delhi Decides: AAP Vs BJP Vs Congress Battle
    January 10, 2025 6:06

    Delhi Decides: AAP Vs BJP Vs Congress Battle

  • The Great Work Week Debate
    January 10, 2025 2:18

    The Great Work Week Debate

  • AAP vs BJP Over Community Politics In Delhi Polls
    January 10, 2025 1:28

    AAP vs BJP Over Community Politics In Delhi Polls

  • Assam Mine Rescue: Hope Fading For Trapped Workers?
    January 10, 2025 2:20

    Assam Mine Rescue: Hope Fading For Trapped Workers?

  • Devotees Back At Tirupati After Stampede
    January 10, 2025 2:13

    Devotees Back At Tirupati After Stampede

  • L&T Chairman Statement | 90-Hour Workweek Debate: Recipe For Burnout?
    January 10, 2025 16:39

    L&T Chairman Statement | 90-Hour Workweek Debate: Recipe For Burnout?

  • US Fires Horror | 10 Dead, 10,000 Buildings Destroyed: Los Angeles Wildfires In Numbers
    January 10, 2025 17:03

    US Fires Horror | 10 Dead, 10,000 Buildings Destroyed: Los Angeles Wildfires In Numbers

  • NDTV Ground Report On Los Angeles Wildfire: A Walk Through A Gutted Neighbourhood
    January 10, 2025 1:49

    NDTV Ground Report On Los Angeles Wildfire: A Walk Through A Gutted Neighbourhood

  • L&T Chairman SN Subrahmanyan: Backlash Over L&T Chairman's '90-Hour Work Week' Comment
    January 10, 2025 13:34

    L&T Chairman SN Subrahmanyan: Backlash Over L&T Chairman's '90-Hour Work Week' Comment

  • 18th Pravasi Bharatiya Diwas: India's 'Vasudaiv Kutumbkam' thought in Odisha
    January 10, 2025 1:01

    18th Pravasi Bharatiya Diwas: India's 'Vasudaiv Kutumbkam' thought in Odisha

  • India Makes High-tech Additions Along Bangladesh Border
    January 10, 2025 1:07

    India Makes High-tech Additions Along Bangladesh Border

  • Ukraine War: Russia Using North Korean Troops As 'Mine Detectors'?
    January 10, 2025 1:03

    Ukraine War: Russia Using North Korean Troops As 'Mine Detectors'?

  • Ian Bremmer's Eurasia Group Unveils Biggest Political Threats World Faces In 2025
    January 10, 2025 1:04

    Ian Bremmer's Eurasia Group Unveils Biggest Political Threats World Faces In 2025