Adani Group to Invest Heavily in Green Businesses and Infrastructure Expansion
Key Ideas
  • Adani Group plans to invest ₹1.3 lakh crore this fiscal, focusing on its $100 billion investment guidance across various sectors like ports, energy, airports, commodities, and media.
  • Majority of the investment will be in fast-growing green businesses including renewable power, green hydrogen, and the world's largest renewable park in Gujarat.
  • The group's financial performance has been robust, with a 45% rise in pre-tax profit in FY24, showcasing a strong compound annual growth rate of 54% over five years.
  • The conglomerate aims to allocate over 70% of its $100 billion investment toward green energy projects, emphasizing a transition to sustainable practices.
Adani Group has unveiled plans to invest approximately ₹1.3 lakh crore across its portfolio companies in the current fiscal year, with a focus on achieving its $100 billion investment target over the next 7-10 years. The investments will span diverse sectors such as ports, energy, airports, commodities, and media. The group's Chief Financial Officer, Jugeshinder 'Robbie' Singh, highlighted that a significant portion of the investment would be internally funded, with the remaining sourced through debt and project financing. Notably, the group is set to complete major projects in renewable energy, including a 6-7 GW project and a solar wafer manufacturing unit. Moreover, the construction of a new airport in Mumbai is on schedule. Adani Group's financial performance has been impressive, with a notable 45% increase in pre-tax profit in FY24 and a strong compound annual growth rate of 54% over five years. The conglomerate aims to direct a substantial portion of its investment towards green initiatives, with a particular emphasis on renewable power, green hydrogen, and green evacuation transmission lines. The group envisions the development of the world's largest renewable park in Gujarat, covering an expansive area. Additionally, Adani Group plans to bolster its presence in the airports and ports sectors, with a significant focus on expanding and enhancing its existing portfolio.
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