Adani Group's Chairman Gautam Adani said on Monday that the group is "well-positioned" to take advantage of opportunities in India's booming Infrastructure sector, as spending will likely increase.

Adani, whose group has interests in ports, power utilities and transmission, as well as coal trading, said that the group is betting on India’s infrastructure spending, which is expected to increase at a rate of 20-25% annually.

Adani, at the Adani Enterprises annual general meeting, said that the group had become "much stronger" since being attacked by the U.S. based short seller Hindenburg Research in the past year.

Hindenburg accused Adani Group in January of stock manipulation and improper use of tax-havens. The group refuted these allegations and caused a $150 billion market value meltdown as a result of the short-seller report.

Adani Power, Adani Ports and other group companies recovered all losses last year and were able to surpass pre-Hindenburg level. Adani Enterprises also recovered to pre-Hindenburg levels in May.

Adani stated that the headwinds which tested him made him stronger. He cited investments from GQG, TotalEnergies, and Abu Dhabi conglomerate International Holding following the Hindenburg scandal.

In January 2024, the Supreme Court of India said that further investigation was not needed. The court panel had previously stated that India's market watchdog, the Adani Group, "drew blanks" when investigating suspected violations of overseas investments.

Adani Group stocks fell between 5% to 22% following a narrow victory for Prime Minister Narendra Modi's alliance earlier in the month. Sethuraman NR, Bengaluru. Edited by Sonia Cheema.