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.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?