Adani Group lines up $150 bn investment across businesses
ECONOMY & POLICY

Adani Group lines up $150 bn investment across businesses

The Adani Group, led by Asia’s richest person Gautam Adani, will invest over $150 billion across businesses ranging from green energy to data centres to airports and healthcare as it seeks to join the elite global club of companies with $1 trillion valuations.

In October, Adani Group chief financial officer Jugeshinder ‘Robbie’ Singh detailed the growth plans of the group at an investor meet organised by Ventura Securities Ltd in New Delhi.

The company started off as a trader in 1988, and has since expanded rapidly into ports, airports, roads, power, renewable energy, power transmission, gas distribution and FMCG and more recently into data centres, airports, petrochemicals, cement and media.

The group plans to invest $50-70 billion in the green hydrogen business and another $23 billion in green energy over the next 5-10 years, Singh said. It will invest $7 billion in electricity transmission, $12 billion in transport utility and $5 billion in the road sector.

Its foray into data centre business with cloud services would entail an investment of $6.5 billion in partnership with Edge ConneX and another $9-10 billion is planned for airports, where it is already the largest private operator. Its foray into the cement sector with the acquisition of ACC and Ambuja cement entailed $10 billion investment.

See also:
S&R Associates represents IRB Infra in expressway investment
Centre releases Rs. 1764 Cr grant for four states


The Adani Group, led by Asia’s richest person Gautam Adani, will invest over $150 billion across businesses ranging from green energy to data centres to airports and healthcare as it seeks to join the elite global club of companies with $1 trillion valuations. In October, Adani Group chief financial officer Jugeshinder ‘Robbie’ Singh detailed the growth plans of the group at an investor meet organised by Ventura Securities Ltd in New Delhi. The company started off as a trader in 1988, and has since expanded rapidly into ports, airports, roads, power, renewable energy, power transmission, gas distribution and FMCG and more recently into data centres, airports, petrochemicals, cement and media. The group plans to invest $50-70 billion in the green hydrogen business and another $23 billion in green energy over the next 5-10 years, Singh said. It will invest $7 billion in electricity transmission, $12 billion in transport utility and $5 billion in the road sector. Its foray into data centre business with cloud services would entail an investment of $6.5 billion in partnership with Edge ConneX and another $9-10 billion is planned for airports, where it is already the largest private operator. Its foray into the cement sector with the acquisition of ACC and Ambuja cement entailed $10 billion investment. See also: S&R Associates represents IRB Infra in expressway investmentCentre releases Rs. 1764 Cr grant for four states

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?