In recent news, the Adani Group, a prominent Indian conglomerate, is reportedly in advanced talks with sovereign funds in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group aims to achieve an EBITDA of ₹80,000 crore by March 2024 and has conducted roadshows in London, Dubai, and Singapore to attract potential investors. These roadshows provided an opportunity for the group to present its future growth plans, particularly focusing on its expansion in the airport sector and its foray into the emerging green hydrogen space.
Additionally, Adani Realty has secured the contract to redevelop the 24-acre Bandra Reclamation land parcel, put up by the Maharashtra State Road Transport Corporation (MSRDC). The final approval is pending and will be decided by the MSRDC Board in their upcoming meeting. This is a significant development for the group as it continues to expand its presence in the real estate sector.
Moreover, Adani Green Energy Limited (AGEL), a subsidiary of Adani Group, is planning to develop a 30 GW renewable energy plant with a colossal plan in Khavda, India. The project is poised to be the world’s largest upon completion and is expected to generate a staggering ~81 billion units of electricity annually. This initiative aligns with AGEL’s goal of expanding its operational portfolio and reshaping India’s energy landscape.
The Adani Group’s strategic engagements in various sectors reflect its commitment to sustainable growth and innovation. As the group continues to explore new avenues for expansion and investment, its role in shaping India’s economic landscape remains a focal point of interest. Stay tuned for further updates on these developments.
