Adani Group in Talks for $2.6 Billion Investment in Airport, Green Hydrogen

By siliconindia  |  Monday, 19 February 2024, 10:29:50 AM IST

Adani Group in Talks for $2.6 Billion Investment in Airport, Green Hydrogen
The Adani Group, a prominent Indian conglomerate, is reportedly engaged in advanced discussions with sovereign funds in West Asia to secure up to $2.6 billion for its airport expansion and green hydrogen initiatives. With a target EBITDA of Rs 80,000 crore by March 2024, the group has conducted roadshows in London, Dubai, and Singapore to attract potential investors. These roadshows provided a platform for presenting the group's growth plans, emphasizing airport sector expansion and entry into the burgeoning green hydrogen sector.
In related developments, Adani Realty has won the contract for redeveloping the 24-acre Bandra Reclamation land parcel, subject to final approval by the Maharashtra State Road Transport Corporation (MSRDC) Board in their upcoming meeting.
Furthermore, Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, is set to embark on an ambitious project to develop a colossal 30 GW renewable energy plant in Khavda, India. Upon completion, this project aims to be the world's largest, generating approximately 81 billion units of electricity annually, sufficient to power 16.1 million homes and curbing 58 million tonnes of CO2 emissions each year. AGEL plans to expand its operational portfolio to 9,029 MW and its total portfolio to an impressive 20,844 MW, poised to significantly impact India's energy landscape.

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