Adani Group to invest $150 billion from green energy to transport sector.
New Delhi, Business Desk. The Adani Group, led by Asia’s richest man Gautam Adani, is working on a $150 billion investment plan in green energy, data centers, airports, healthcare and many more sectors. Through this, Adani Group’s dream is to achieve a valuation of one trillion dollars.
At an event organized by Ventura Securities in New Delhi, Adani Group’s Chief Financial Officer (CFO) Jugeshinder Singh ‘Robby’, while explaining the company’s expansion plans, said that Green Hydrogen, Transmission, Transport, The group is set to make major investments in the airport, green energy and healthcare sectors in the next few years.
In which sectors how much will Adani Group invest?
Singh said that in the next 5 to 10 years, Adani Group will do $ 50 to 70 billion in green hydrogen business and $ 23 billion in green energy sector, $ 7 billion in electric transmission sector, $ 12 billion in transport sector and $5 billion in road sector. going to invest in.
With this, he told that Adani Group is going to invest $ 6.5 billion in data center in association with Edge ConneX. Along with this, the group is working on a plan to invest $ 9-10 billion in airports and $ 7-10 billion in the healthcare sector in collaboration with Adani Foundation.
Adani Group grew 16 times in seven years
The market valuation of Adani Group was around $16 billion in 2015, which has increased to $260 billion in 2022. In this way, the size of Adani Group has grown 16 times in the last seven years. On this, the CFO of the group says that as a group, we have many companies on us. Looking at the performance of the companies, it looks like the valuation of the group should be one trillion dollars.