In Short : According to Gautam Adani, the Adani Group plans to invest $75 billion to scale up Adani Green Energy Limited’s (AGEL) renewable energy portfolio. The ambitious plan aims to increase AGEL’s renewable energy capacity to 45 gigawatts (GW). This significant investment reflects the commitment of the Adani Group to expanding its presence in […]
Adani Group earmarks initial investment of $750 million to set up 500 MW wind farm in Sri Lanka – EQ
In Short : Adani Group, a leading conglomerate in India, has announced plans to invest an initial amount of $750 million to establish a 500 MW wind farm in Sri Lanka. This significant investment underscores the company’s commitment to expanding its renewable energy footprint in the region. The wind farm project aligns with Sri Lanka’s […]
Adani Group seeking to raise $4 billion to fund green hydrogen plans – EQ
In Short : Adani Group is actively seeking to raise $4 billion in funding to support its ambitious green hydrogen plans. This significant investment underscores the company’s commitment to advancing clean energy technologies and transitioning towards a sustainable energy future. Green hydrogen is a key component in the global efforts to combat climate change, and […]
Adani Group has ambitious plans to establish a solar manufacturing capacity of 10 gigawatts (GW) by the year 2027 – EQ
In Short : Adani Group has ambitious plans to build a solar manufacturing capacity of 10 GW (gigawatts) by 2027. This initiative underscores India’s commitment to expanding its renewable energy sector and becoming self-reliant in solar equipment manufacturing. By investing in solar manufacturing at this scale, Adani aims to significantly contribute to India’s clean energy […]
Adani Group forms JV with Japan’s Kowa for green ammonia, hydrogen – EQ
Adani Group is investing multi-billion dollars in setting up facilities to produce green ammonia and green hydrogen from water Billionaire Gautam Adani’s group on Friday said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate. “Adani Global Pte […]
India’s first trans-national power plant of 1,600 MW capacity commissioned by Adani Group – EQ Mag
Electricity supplied from Godda will replace costly power generated in Bangladesh using liquid fuel Gautam Adani, Chairman of the Adani Group, recently visited Bangladesh Prime Minister Sheikh Hasina in Dhaka to mark the successful commencement of full power supply from the Group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Godda, India. The Godda USCTPP is […]
Adani Group eyes achieving Rs 90,000 crore EBITDA in 2-3 years – EQ Mag
Adani’s projected EBITDA of more than Rs 90,000 crore is expected by FY23, according to a company note. Adani Group has set a target of achieving Rs 90,000 crore EBITDA in the next 2-3 years. This would be a significant jump from the group’s current EBITDA of around Rs 50,000 crore. The Adani Group is […]
Adani Group posts 36 per cent jump in earnings at Rs 57,219 cr in 2022-23 – EQ Mag
‘Adani Portfolio companies operate in utility and infrastructure businesses with more than 83% of EBITDA being generated from core infrastructure businesses providing assured and consistent cash flow generation,’ says the conglomerate Gautam Adani-led Adani Group on Tuesday said it has delivered a “record-breaking performance” across its portfolio of companies in FY23 The ports-to-power conglomerate said […]
Adani Group repays loans worth $2.65 billion to complete prepayment programme – EQ Mag
New Delhi : Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has […]
India’s Adani Group weighs $3 billion investment in Vietnam – EQ Mag
India’s Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer […]