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.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..