Ritam Digital English
  • Home
  • Nation
  • World
  • Videos
    • Special Updates
    • Entertainment
    • Legal
    • Business
    • History
    • Viral Videos
  • Politics
  • Business
  • Lifestyle
    • Entertainment
    • Health
    • Food
    • Fashion
    • Viral
  • Sports
  • Opinion
No Result
View All Result
Ritam Digital English
  • Home
  • Nation
  • World
  • Videos
    • Special Updates
    • Entertainment
    • Legal
    • Business
    • History
    • Viral Videos
  • Politics
  • Business
  • Lifestyle
    • Entertainment
    • Health
    • Food
    • Fashion
    • Viral
  • Sports
  • Opinion
No Result
View All Result
Ritam Digital English
No Result
View All Result
  • Home
  • Nation
  • World
  • Videos
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Sci & Tech
  • Sports
  • Opinion
Home Business

Adani Group Eyes $2.6 Billion Investment for Airport and Green Hydrogen Expansion with West Asian Sovereign Funds

Adani Group in Advanced Talks to Raise $2.6 Billion for Airport Expansion and Green Hydrogen Projects

Editor Ritam English by Editor Ritam English
Feb 19, 2024, 09:55 am IST
Adani Group Eyes $2.6 Billion Investment for Airport and Green Hydrogen Expansion with West Asian Sovereign Funds

Adani Group Eyes $2.6 Billion Investment for Airport and Green Hydrogen Expansion with West Asian Sovereign Funds

FacebookTwitterWhatsAppTelegram

The Adani Group, a prominent Bharatiya conglomerate, is making significant strides in expanding its operations with plans to raise up to $2.6 billion for its airport expansion and green hydrogen projects. Reports suggest that the group is in advanced talks with sovereign funds in West Asia to secure this investment. The aim is to bolster its EBITDA (earnings before interest, tax, depreciation, and amortization) to ₹80,000 crore by March 2024. To attract potential investors, the group has conducted roadshows in key financial hubs such as London, Dubai, and Singapore, presenting its ambitious growth plans, particularly focusing on expanding its presence in the airport sector and venturing into the emerging green hydrogen space.

Meanwhile, Adani Realty, a division of the Adani Group, has clinched the contract to redevelop a 24-acre land parcel at Bandra Reclamation, put up by the Maharashtra State Road Transport Corporation (MSRDC). Although the final approval is pending, it is anticipated to be decided upon in the upcoming MSRDC Board meeting. This redevelopment project holds significant potential for revitalizing the area and contributing to urban development initiatives.

Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, is set to embark on an ambitious venture to develop a massive 30 GW renewable energy plant in Khavda, Bharat. This project, touted to become the world’s largest upon completion, is expected to generate approximately 81 billion units of electricity annually. This staggering output would be sufficient to power around 16.1 million homes and significantly reduce carbon emissions by preventing approximately 58 million tonnes of CO2 emissions each year. AGEL aims to substantially expand its operational portfolio to 9,029 MW and its total portfolio to an impressive 20,844 MW. This move underscores the company’s commitment to reshaping India’s energy landscape and contributing to sustainable development initiatives.

The Adani Group’s strategic moves in securing investments for airport expansion, venturing into green hydrogen projects, redevelopment endeavors, and ambitious renewable energy plans highlight its commitment to growth and sustainability. These initiatives not only signify significant progress for the conglomerate but also hold promising prospects for Bharat’s infrastructure and energy sectors, paving the way for a more sustainable and prosperous future.

Tags: Green HydrogenAdaniAdani GroupAdani RealtyAdani Group Airport plans
ShareTweetSendShare

Related News

Is the WTO Rigged Against India? How New Trade Rules Are Being Challenged by Emerging Powers
Nation

Is the WTO Rigged Against India? How New Trade Rules Are Being Challenged by Emerging Powers

Why Is Gold So Expensive on Akshaya Tritiya 2025? Mythology, Markets, and the Truth Behind the Rs 97,000 Price Tag
Nation

Why Is Gold So Expensive on Akshaya Tritiya 2025? Mythology, Markets, and the Truth Behind the Rs 97,000 Price Tag

Is India the World’s New Economic Safe Haven? Stock Market Bounces Back Faster Than Any Other Country
Nation

Is India the World’s New Economic Safe Haven? Stock Market Bounces Back Faster Than Any Other Country

Fugitive Businessman Mehul Choksi Arrested in Belgium: A Look at India’s Biggest Bank Frauds
Nation

Fugitive Businessman Mehul Choksi Arrested in Belgium: A Look at India’s Biggest Bank Frauds

Is the US-China Trade War About to Crash the Global Economy? Tariffs Soar- 125% and 151%, Here’s What You Need to Know
World

Is the US-China Trade War About to Crash the Global Economy? Tariffs Soar- 125% and 151%, Here’s What You Need to Know

Comments

The comments posted here/below/in the given space are not on behalf of Ritam Digital Media Foundation. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

2017 Amarnath Yatra Terror Attack: A Dark Night in the Valley of Devotion

2017 Amarnath Yatra Terror Attack: A Dark Night in the Valley of Devotion

The Bhakra-Nangal Canal Project: A Lifeline of North India

The Bhakra-Nangal Canal Project: A Lifeline of North India

The End of the 1857 Rebellion: How a Crushed Uprising Sparked India’s Fight for Freedom

The End of the 1857 Rebellion: How a Crushed Uprising Sparked India’s Fight for Freedom

“Ye Dil Maange More”- Remembering Captain Vikram Batra, the Lionheart of Kargil

“Ye Dil Maange More”- Remembering Captain Vikram Batra, the Lionheart of Kargil

 If History Had Followed Mukherjee’s Path, What Would India Have Been Like?

 If History Had Followed Mukherjee’s Path, What Would India Have Been Like?

78 Years Ago Today, British Parliament Passed Indian Independence Act

78 Years Ago Today, British Parliament Passed Indian Independence Act

July 4, 1947: The Secret Turning Point That Led to India’s Historic Independence a Month Later

July 4, 1947: The Secret Turning Point That Led to India’s Historic Independence a Month Later

The Death of Swami Vivekananda: A Legacy Beyond Mortality

The Death of Swami Vivekananda: A Legacy Beyond Mortality

The Sedition Trial of Bal Gangadhar Tilak in 1897: A Watershed in Colonial India’s Repression of Dissent

The Sedition Trial of Bal Gangadhar Tilak in 1897: A Watershed in Colonial India’s Repression of Dissent

Shimla Agreement: The Untold Realities Behind a Defining Indo-Pak Treaty

Shimla Agreement: The Untold Realities Behind a Defining Indo-Pak Treaty

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer

© Ritam Digital Media Foundation.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Nation
  • World
  • Videos
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Sci & Tech
  • Sports
  • Opinion
  • About & Policies
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer

© Ritam Digital Media Foundation.
Tech-enabled by Ananthapuri Technologies