According to the company's plans, over ₹5,200 crore was to be used for upgradation of the airports in Ahmedabad, Lucknow and Mangaluru, starting January 2023 to March 2024, ₹4,165 crore for repaying fully or in part, borrowings of Adani Airports Holdings Ltd, Adani Road Transport Ltd, and Mundra Solar Ltd. It also planned to use ₹2,660 crore from the net proceeds of the FPO for green hydrogen projects.
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