Adani Group plans to Invest in Green Hydrogen and Green Energy

Adani Group plans to pursuit $1 trillion valuation by investing $150 billion in Green hydrogen business and Green energy over the next 5-10 years. On October 10, Adani Group Chief Financial Officer Jugeshinder ‘Robbie’ Singh briefed over with the Adani Group’s growth plans. The Group under the visionary leadership of the Richest Asian Gautam Adani, which started off as a trader in 1988 and 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, at an investor meet organised by Ventura Securities Ltd in New Delhi.

Its foray into data centre business with cloud services would entail an investment of USD 6.5 billion in partnership with Edge ConneX and another USD 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 USD 10 billion investment.

Business Standard