Adani to raise $10 billion for renewables

12 Oct 2022 CW Team

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.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..