Adani Group Will Invest $70 bn In Green Energy To Build Atmanirbhar Bharat

Adani Group Chairman Gautam Adani has said that the company will invest $70 billion in green energy transition and infrastructure projects, calling upon the shareholders to “reshape India’s energy footprint for an Atmanirbhar Bharat”.

Addressing the annual shareholders’ meeting of Adani Enterprises, the flagship company of the group, he said, “The best evidence which showcased our confidence and belief in the future is our investment of $70 billion in facilitating India’s green transition. We are already one of the world’s largest developers of solar power. Our strength in renewables will empower us enormously in the effort to make green hydrogen the fuel of the future.”

The group has set its sight at turning India from a fossil-fuel-dependent country to clean energy exporter. “A transformation which will help reshape India’s energy footprint in an extraordinary way. While we now hold a major global renewable energies portfolio, we have made also remarkable progress in several other industries over the past 12 months. In one stroke, we have become the largest airport operator in India. Around these airports that we operate today we are engaged in the adjacent businesses of developing aerotropolises and creating localised community-based economic centres,” Adani said.

The billionaire said his conglomerate is changing not only the landscape of the country, but also entering into every kitchen through piped natural gas, “Our successful IPO of Adani Wilmar makes us the largest FMCG company in the country. And following the acquisition of Holcim’s assets in India that include two of the most recognised brand names across the country – ACC and Ambuja Cements –we are now the second largest cement manufacturer in India. This is a classic example of our adjacency-based business model at work. In addition, we have also made entries in sectors ranging from data centres, digital super apps, and industrial clouds to defence and aerospace, metals, and materials – all aligned with the Government’s vision of an Atmanirbhar Bharat,” Adani said.

“These three areas should be seen holistically, rather than separately, as they collectively form the drivers for an equitable and future-ready India. We have an opportunity in India to lift tens of millions of people permanently out of poverty. We owe it not only to ourselves but also to our country,” Adani said.