Adani, Ambani wealth soars from surging coal, oil rates triggered by Ukraine war
Published on May 19, 2022 01:37 pm IST
Gautam Adani and Mukesh Ambani are gaining from the surge in global commodity prices triggered by the Ukraine war. As per the Bloomberg Billionaires Index, Aadani added $25 billion to his wealth since the Ukraine war started and Ambani’s fortune swelled by $8 billion. A Bloomberg report said that Adani is expanding a coal mine in Australia to meet demand as prices skyrocket. While, Ambani’s Reliance id snapping up distressed crude-oil cargoes at discounts to feed its refining complex. Reliance even deferred a scheduled maintenance of the facility to churn more diesel & gasoline, claims report. Watch the full video for more.
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