In Short : Gautam Adani announces a $100 billion investment in energy transition over the next decade. This investment focuses on advancing renewable energy projects, green hydrogen, and related technologies to drive sustainable growth and reduce carbon emissions. In Detail : Besides building solar parks to produce electricity from sunlight and wind farms that do […]
COP28: Gautam Adani pitches for balanced approach to energy – EQ
In Short : Gautam Adani advocates for a balanced approach to energy during COP28. This suggests a call for considering a mix of energy sources that ensures both economic growth and environmental sustainability. Adani’s stance underscores the importance of finding a equilibrium between meeting energy demands and addressing climate concerns on the global stage. In […]
Indian tycoon Adani touts huge wind and solar project in Gujarat – EQ Mag
GAUTAM Adani has touted plans to build a massive hybrid renewable energy project as he tries to put the controversy over Hindenburg Research’s short-seller report behind him. The wind and solar facility would be built in the deserts of Gujarat, the home state of Adani and Prime Minister Narendra Modi, the Indian tycoon said in […]
We are building the world’s largest hybrid renewable energy park of 20 GW: Gautam Adani – EQ Mag
The company intends to build the facility faster than any project in its execution history, Gautam Adani said Adani Group will build the world’s largest hybrid power bank in the Khavda desert which is in Gujarat’s Kutch district, Financial Express (FE) has reported. Making this announcement, the company has reiterated its plan to create 45 […]
Gautam Adani focuses on energy as green unit profit surges – EQ Mag
MUMBAI : Billionaire Gautam Adani’s clean energy unit reported fourth-quarter profits surged as the conglomerate prioritizes renewable power amid its response to the impact of Hindenburg Research’s explosive report. Adani Green Energy Ltd, India’s top renewables company, saw net income in the three months through March more than quadruple to 5.07 billion rupees ($62 million), […]
Indian coal magnate Gautam Adani goes green – EQ Mag
NEW DELHI : Asia’s richest man, Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after liberalizing its economy in the 1990s. He’s now set his sights on becoming the world’s biggest renewable energy player, by 2030, by promising to align his investments with the government’s own priorities. […]
Adani Group will invest over $100 bn of capital in next decade : Gautam Adani – EQ Mag Pro
“As a group, 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,” he said. The Adani Group will invest $100 billion over the next decade in new energy and digital spaces, which include data centres, the conglomerate’s chairman […]
Adani Group’s Market Valuation Stands at $260 billion: Gautam Adani – EQ Mag Pro
In a speech made at an event to mark the completion of the ACC-Ambuja Cements acquisition on September 17, Adani said this acquisition is India’s largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of four months. Gautam Adani, Chairman, Adani Group has said the group’s market […]
Gautam Adani’s empire is ‘deeply overleveraged,’ Fitch report warns – EQ Mag Pro
NEW DELHI : Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report. The aggressive expansion pursued by the Adani Group, led by Asia’s richest person, has put pressure on its credit […]
India accelerated its renewable energy footprint despite crisis, Gautam Adani tells shareholders – EQ Mag Pro
India has accelerated its renewable energy footprint despite the Covid pandemic and the energy crisis and the country has done so at a time when several developed nations have paused their pursuit of renewable energy goals, Chairman Gautam Adani told shareholders at the Annual General Meeting on Tuesday. “Also, while we have been often lectured […]