Adani to raise $10 billion for renewables
ECONOMY & POLICY

Adani to raise $10 billion for renewables

Gautam Adani will soon raise at least $10 billion from global investors like Temasek, GIC, and other private equity fund managers. According to a report by Livemint, the funds will be used in his clean energy, ports and cement businesses.

They (Adani Group promoters and top management) were in Singapore. Earlier, they separately met West Asian and American investors. Talks are still on. Hopefully, $10 billion should be easy to raise. The only issue is that since the capital raising is through equity sales and most of the Adani firms’ shares are steadily rising, pricing of deals will be critical.

The capital will reportedly be raised through a sale of stakes. Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the Adani group in the coming days, the report added.

"We will invest over $100 billion of capital in the next decade. We have earmarked 70 per cent of this investment for the energy transition space. We are already the world’s largest solar player and intend to do far more. It is our commitment to investing $70 billion in an integrated hydrogen-based value chain," Adani said on September 27 in a speech.

Adani Group is also building a 10 GW silicon-based photovoltaic value chain that will be backwards-integrated from raw silicon to solar panels.

Gautam Adani will soon raise at least $10 billion from global investors like Temasek, GIC, and other private equity fund managers. According to a report by Livemint, the funds will be used in his clean energy, ports and cement businesses. They (Adani Group promoters and top management) were in Singapore. Earlier, they separately met West Asian and American investors. Talks are still on. Hopefully, $10 billion should be easy to raise. The only issue is that since the capital raising is through equity sales and most of the Adani firms’ shares are steadily rising, pricing of deals will be critical. The capital will reportedly be raised through a sale of stakes. Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the Adani group in the coming days, the report added. We will invest over $100 billion of capital in the next decade. We have earmarked 70 per cent of this investment for the energy transition space. We are already the world’s largest solar player and intend to do far more. It is our commitment to investing $70 billion in an integrated hydrogen-based value chain, Adani said on September 27 in a speech. Adani Group is also building a 10 GW silicon-based photovoltaic value chain that will be backwards-integrated from raw silicon to solar panels.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?