Business India ×
 Climate Change

Industry
Published on: July 27, 2022, 10:49 a.m.
Adani wants to ‘reshape’ India
  • Adani: Our strength in renewables will empower us enormously in the effort to make green hydrogen the fuel of the future

By Business India Editorial

Gautam Adani, Chairman, Adani Group, has called for ‘reshaping India’s energy footprint in an extraordinary way’.

The group will invest $70 billion in green energy transition and infrastructure projects, he said at the annual shareholders’ meeting of Adani Enterprises, the flagship of the group.

“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,” he said.

Along with Reliance and Tata Power, the group leads the race to turn Indian into an exporter of clean energy. “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 added.

He said his group is building India's infrastructure, winning some of the largest road contracts and growing its market share in business such as ports, logistics, transmission and distribution, city gas, and 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.

This year marked his 60th birthday and the 100th birth anniversary of his father, Shantilal Adani. “To mark this milestone, the Adani family came together and decided to contribute Rs60,000 crore towards charitable activities related to healthcare, education, and skill development, focussing especially on rural India,” he 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. 

Adani Group’s market capitalisation has risen to $200 billion, and it has raised billions of dollars from international markets, which is a validation of the confidence in the company and its growth, he said.

“Our growth and success have been recognised around the world. Several foreign governments are now approaching us to work in their geographies and help build their infrastructure.

He said the company is expanding its business footprint beyond India.


Company Feature

The financial woes are behind us, says the company

Winds of relief for Suzlon

Published on Aug. 17, 2022, 11:34 a.m.

The financial woes are behind us, says the company

Diseases

Climate change makes diseases worse, warns a study

Scary days ahead

Published on Aug. 17, 2022, 11:12 a.m.

Climate change makes diseases worse, warns a study

Pollution

Rainwater is not safe to drink, warn scientists

How safe is our rainwater

Published on Aug. 17, 2022, 10:44 a.m.

Rainwater is not safe to drink, warn scientists

E-vehicles

Ola’s car will be the sportiest car ever built in India

Ola to launch four-wheeler EV in 2024

Published on Aug. 17, 2022, 10:25 a.m.

Ola’s car will be the sportiest car ever built in India

E-MAGAZINE

Company Feature

Classrooms go live, thanks to Airtel

Published on April 5, 2022, 11:25 a.m.

Despite the pandemic, Bharti Foundation has ensured that children are not deprived of learning opportunities

Column

Collaborative excellence

Published on April 4, 2022, 8:53 p.m.

A policy perspective for meeting SDG-9 in low resource setting of developing economies

Column

Innovation and infrastructure

Published on April 4, 2022, 8:10 p.m.

India is well-positioned to become a model of corporate sustainability

Column

‘More for less’

Published on April 1, 2022, 10:12 p.m.

The merger of technology and SDGs – A game-changing win of the era