With water, Adani Group enters fifth new business in five years

Some of the group's older businesses have witnessed a multi-fold rise, but experts say the growth story may be a mixed bag

Last week, Adani Enterprises formed a new subsidiary named Adani Water, which will look at opportunities in water and waste water businesses, making it the fifth new business the group has entered in the last five years. In addition, some of the group’s older businesses also witnessed a multi-fold rise, but the growth story, here forward, industry experts opine may be a mixed bag.

The good news, analysts state is the group will be in a better position to now scale up most of its segments irrespective of government policy, but the bad news others add is its growing debt.