The group run by billionaire Gautam Adani announced that it will finance a port project in Sri Lanka using its own funds rather than looking to the US for support. Adani Ports and SEZ Ltd stated in an exchange filing that the project “is on track for commissioning by early next year” and that it will be financed by “internal accruals” in accordance with its capital management plan. According to the corporation, their “request for financing from the US International Development Finance Corporation (DFC)” for 2023 has been withdrawn.
