{"id":1659368,"date":"2022-09-27T05:07:46","date_gmt":"2022-09-27T09:07:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1659368"},"modified":"2022-09-27T05:07:58","modified_gmt":"2022-09-27T09:07:58","slug":"indias-adani-group-to-invest-over-100-billion-in-next-decade","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/indias-adani-group-to-invest-over-100-billion-in-next-decade\/","title":{"rendered":"India\u2019s Adani Group to invest over $100 billion in next decade"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Findias-adani-group-to-invest-over-100-billion-in-next-decade%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1659368&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>NEW DELHI (Reuters) -India\u2019s Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Gautam Adani said on Tuesday, as the ports-to-energy conglomerate accelerates an already aggressive expansion plan.<\/p>\n<p>After founding the group in 1988 as a commodities trading business, the 60-year-old has ventured into multiple sectors, mainly in the infrastructure space and in line with the priorities of the government of Prime Minister Narendra Modi.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>\u201cAs a group, we will invest over $100 billion of capital in the next decade,\u201d Adani, the world\u2019s second-richest person,    told the Forbes Global CEO Conference in Singapore.<\/p>\n<p>\u201cWe have earmarked 70% of this investment for the energy transition space. We are already the world\u2019s largest solar player, and we intend to do far more.\u201d<\/p>\n<p>He did not say how the investments would be financed. Debt research firm CreditSights said earlier this month it was concerned about the group\u2019s leverage, though the group said its ratios were healthy and in line with industry benchmarks.<\/p>\n<p>Adani has a personal fortune of $143 billion, according to Forbes, behind only Elon Musk. The combined market capitalisation of the group\u2019s listed companies is $260 billion, growing exponentially in recent years.<\/p>\n<p>The Adani Group has announced deals worth billions of dollars this year alone, the biggest one being its $10.5 billion acquisition of Holcim AG\u2019s cement businesses in India \u2013 Ambuja Cements Ltd and ACC Ltd.<\/p>\n<p>Gautam Adani said the group wanted to be an inexpensive producer of green hydrogen \u2013 which is extracted from water using electrolysis in a process powered by renewable energy.<\/p>\n<p>He said the group was in the process of building a 10 gigawatt (GW) silicon-based photo-voltaic chain, a 10 GW wind-turbine manufacturing facility and a 5 GW hydrogen electrolyser factory. <\/p>\n<p>\u201cIt is an absolute game changer for India and opens up the unprecedented possibility that India could one day become a net energy exporter,\u201d he said.<\/p>\n<p>India is currently the world\u2019s third-largest crude importer and consumer.<\/p>\n<p>Adani said his group was India\u2019s largest airport operator with 25% of passenger traffic and 40% of air cargo. It is also the largest ports and logistics company in India with a 30% market share.<\/p>\n<p> (Writing by Krishna N. Das; Editing by Christopher Cushing and Muralikumar Anantharaman)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/indias-adani-group-to\/attachment\/file-photo-the-logo-of-the-adani-group-is-seen\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8Q07M-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8Q07M-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) -India\u2019s Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Gautam Adani said on<\/p>\n","protected":false},"author":66,"featured_media":1889252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1659368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/indias-adani-group-to\/?utm_source=rss&utm_medium=rss&utm_campaign=indias-adani-group-to","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1659368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1659368"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1659368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889252"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1659368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1659368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1659368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}