Updated March 17th, 2024 at 17:33 IST

Adani Group unveils Rs 1.2 lakh crore Investment plan

The conglomerate aims to reinforce its position as a key player in India's infrastructure space taking its green agenda forward.

Reported by: Business Desk
Adani Group | Image:Facebook Photo
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Adani’s green agenda: The Adani Group has announced plans to infuse over Rs 1.2 lakh crore (about $14 billion) into its diversified portfolio of ventures in the upcoming fiscal year starting from April 1, with a sharp focus on renewable energy, green hydrogen, airports, and ports. The conglomerate aims to reinforce its position as a key player in India's infrastructure space taking its green agenda forward. 

Renewable Energy Takes Center Stage

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Highlighting its commitment to sustainable development, Adani Group is poised to allocate a substantial portion of its investment towards bolstering its renewable energy segment. With a staggering 70 per cent of the projected capital expenditure earmarked for renewable power, green hydrogen, and green evacuation transmission lines. Adani Group is poised to spearhead India's transition towards cleaner energy sources. The group reported robust financial performance in recent years, including significant EBITDA growth and record-breaking quarterly results, Adani Group is embarking on an ambitious investment spree. The conglomerate's formidable financial strength catalyses its ambitious growth plans, underpinning its strategic vision for sectoral expansion and market leadership.

Strategic Imperatives and Focus Areas

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With a diverse portfolio spanning airports, ports, and renewable energy, Adani Group is strategically positioned to capitalise on emerging opportunities across critical infrastructure domains. The company’s unwavering focus on infrastructure development and green initiatives underscores its commitment to driving sustainable growth and fostering socio-economic progress.

Commitment to Green Growth and Transformational Projects

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The Adani Group's visionary initiatives, including the development of the world's largest renewable park at Khavda, Gujarat, underscore its commitment to pioneering green technologies and sustainable practices. By harnessing its expertise and resources, the conglomerate seeks to catalyze India's renewable energy revolution while spearheading transformative projects that contribute to environmental stewardship.

 

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Published March 17th, 2024 at 17:33 IST