By 2028 Adani Group intends to establish its own hydrogen companies
POWER & RENEWABLE ENERGY

By 2028 Adani Group intends to establish its own hydrogen companies

According to Jugeshinder Singh, Chief Financial Officer of billionaire Gautam Adani's group, the company intends to spin off industries including hydrogen, airports, and data centres between 2025 and 2028 after they reach a specific investment profile. The group’s business incubator is Adani Enterprises Ltd (AEL), which aims to generate INR 200 billion through a follow-on share sale. Businesses including ports, power, and city gas were initially nurtured by AEL throughout the years before being split off or demerged into distinct public corporations.

AEL currently houses new businesses such as hydrogen, where the group plans to invest USD 50 billion over the next 10 years across the value chain, flourishing airport operations, mining, data centre and roads and logistics. “Before a demerger is considered, the firms must have a fundamental investment profile and reach a certain level of maturity. We believe that these companies can reach the necessary thresholds for a demerger between 2025 and 2028,” said Singh.

The company aims to become one of the most affordable producers of hydrogen, a fuel with no carbon imprint that will be used in the future. In order to surpass government services in the next years as the largest service base in the nation, it is also placing significant bets on its airport business. Along with paying down some of its debt, AEL will use the funds collected to finance green hydrogen projects, airport infrastructure, and greenfield motorways.

According to Jugeshinder Singh, Chief Financial Officer of billionaire Gautam Adani's group, the company intends to spin off industries including hydrogen, airports, and data centres between 2025 and 2028 after they reach a specific investment profile. The group’s business incubator is Adani Enterprises Ltd (AEL), which aims to generate INR 200 billion through a follow-on share sale. Businesses including ports, power, and city gas were initially nurtured by AEL throughout the years before being split off or demerged into distinct public corporations. AEL currently houses new businesses such as hydrogen, where the group plans to invest USD 50 billion over the next 10 years across the value chain, flourishing airport operations, mining, data centre and roads and logistics. “Before a demerger is considered, the firms must have a fundamental investment profile and reach a certain level of maturity. We believe that these companies can reach the necessary thresholds for a demerger between 2025 and 2028,” said Singh. The company aims to become one of the most affordable producers of hydrogen, a fuel with no carbon imprint that will be used in the future. In order to surpass government services in the next years as the largest service base in the nation, it is also placing significant bets on its airport business. Along with paying down some of its debt, AEL will use the funds collected to finance green hydrogen projects, airport infrastructure, and greenfield motorways.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement