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Adani Enterprises defers capex plans by six months amid Covid-19 lockdown

Firm posts pre-tax loss of Rs 13.89 crore in Q4 of FY20, has laid out capex of Rs 10,000 cr for FY21

capex, capital, expenditure
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While there will be a short term impact on its solar business in terms of order and business development, the overall pipeline was the same for 2021

Vinay Umarji Ahmedabad
Amid the lockdown due to the Covid-19 pandemic, Adani Enterprises Ltd (AEL) on Wednesday said it has deferred its capital expenditure (capex) plans by six months for fiscal 2020-21. The company has laid out a capex of Rs 10,000 crore for FY 2020-21.

Similarly, the company's plans around its new airports business is also delayed by six months though the size of capex may not change, said AEL's chief financial officer Jugeshinder Singh in a post-earnings call. 

The flagship company of the Adani Group posted a consolidated loss before tax of Rs 13.89 crore for the fourth quarter ended March 30, 2020,

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