Billionaire Gautam Adani-led Adani Group’s infrastructure acquisition spree has crossed ₹1 lakh crore, spanning 20 deals across power, ports, airports, transmission and renewables, ranging from insolvency resolutions and debt reduction sales to strategic purchases that have expanded its brownfield footprint.
The deals came as banks worked through stress built up during India’s 2004-08 investment cycle, when lenders extended large loans to power, roads, ports, steel and telecom companies. Project delays, cost overruns and weak financials later pushed several of those borrowers into insolvency, restructuring or asset sales.
