Addressing the JP Morgan India Investor Summit, he also spoke about Adani Group’s vision and its role in shaping India’s future with global coordination. New Delhi: Billionaire industrialist Gautam Adani Tuesday called for implications of Covid-19 in India, the relevance of country’s democratic system for doing business and the need for global unity in managing […]
Adani vs Ambani: Gautam Adani Group to Invest USD 20 Billion in Renewable Energy – EQ Mag Pro
The announcement came weeks after India’s richest man Mukesh Ambani announced an investment of Rs 75,000 crore (USD 10 billion) in clean power and hydrogen fuel over three years, PTI report says. Adani Group’s “integrated value chain, our scale, and experience puts us on the path to be the producer of the least expensive green […]
Indian Billionaires Face Off in Race to Solar Domination
India’s two richest men are vying to be at the forefront of Prime Minister Narendra Modi’s ambition to ramp up green energy capacity in the world’s second-most populous country more than four-fold to 450 gigawatts (GW) by 2030. Indian tycoon Mukesh Ambani’s $10 billion entry into renewable energy could drive solar tariffs further to the […]
Indian Billionaires Mukesh Ambani And Gautam Adani Face Off in Race to Solar Domination
Ambani, 64, built up his family-owned petrochemicals and textiles business into a sprawling empire including telecoms and retail. Adani, 59, is a self-made billionaire who has focused on electricity generation, transmission and distribution and the operation of ports and airports. Indian billionaires Mukesh Ambani and Gautam Adani face off in race to solar dominationIndian tycoon […]
Mukesh Ambani and Gautam Adani. Two billionaires, one green ambition
Until now, the two billionaires, both hailing from Prime Minister Narendra Modi’s home state of Gujarat, have largely operated in their separate spheres. Clean energy would see them overlap. Mukesh Ambani’s rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that he’s undertaking his life’s “most challenging” mission […]
Tycoon Gautam Adani Loses Over $13 Billion in Worst Wealth Rout
Billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore investors triggered a rout in his conglomerate’s six listed stocks. NEW DELHI: Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore […]
Gautam Adani Overtakes China’s Zong Shanshan to Become Asia’s 2nd Wealthiest
As per the Bloomberg Billionaires Index, Ambani is the 13th richest person in the world, followed by Adani at 14th. Billionaire Gautam Adani’s wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index. Billionaire Gautam Adani’s net worth has soared past China’s Zong Shanshan to make […]
Adani’s bid to buy out AES from Odisha Power falls apart
The Odisha government has scuttled the plans of billionaire Gautam Adani-controlled Adani Power Ltd to acquire a 49% stake in Odisha Power Generation Corp (OPGC) from New York-listed AES Corp. The state government, which owns 51% of the power producer, has exercised its ‘right of first refusal’ to effectively disallow Adani Power from buying […]
Adani Green Energy Expands TOTAL Joint Venture With Rs 1,632 Crore Solar Assets Acquisition
Ahmedabad (Gujarat) [India]: The Adani Green Energy Limited (AGEL) on Thursday expanded its joint venture with TOTAL SA with the acquisition of 205 megawatts (MW) of operating solar assets for an enterprise valuation of Rs 1,632 crore, taking the total operating renewable portfolio under the joint venture to 2,353 MW. AGEL and TOTAL, a broad […]
Total CEO reviews projects with Gautam Adani
French supermajor Total S A CEO Patrick Pouyanne made a day-long visit to India to review the gas and renewable energy projects his firm has with Adani Group. Total has joint ventures with Adani Group firms for city gas distribution, LNG import terminal, and renewable energy projects. In February this year, Total and Adani Green […]