The goal of Gautam Adani’s organisation is to join the exclusive global club of corporations with $1 trillion values, and it will invest over $150 billion across industries, from green energy to data centres.
At an investor meeting hosted by Ventura Securities Ltd. in New Delhi, Adani Group Chief Financial Officer Jugeshinder “Robbie” Singh provided a detailed overview of the group’s growth plans. The group, which began as a trader in 1988, quickly expanded into ports, airports, roads, power, renewable energy, power transmission, gas distribution, and FMCG, and more recently into data centres, airports, petrochemicals, cement, and media.
Over the next five to ten years, the group intends to invest between US$50 to US$70 billion in green hydrogen industry and another US$23 billion in green energy, according to him. It will spend $7 billion on electricity transmission, $12 billion on transportation infrastructure, and $5 billion on roads.
One of India’s biggest facilities for aircraft maintenance, repair, and overhaul (MRO), Air Works, has agreed to be acquired by Adani Group.
The Group is also in advanced negotiations to acquire the cement division of the indebted Jaiprakash Power Ventures Ltd. The Group has already acquired ACC Ltd. and Ambuja Cements Ltd.
The market value of Adani Group increased by more than 16 times in just seven years from $16 billion in 2015 to $260 billion in 2022.