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Adani's ₹80K Crore Mega Investment in Renewables and Airports for FY25

News by Aliceblue News Desk

13 May 2024

Adani's ₹80K Crore Mega Investment in Renewables and Airports for FY25

Adani Enterprises, led by billionaire Gautam Adani, plans to invest ₹80,000 crores in FY25 across various sectors, including new energy and airports. The majority of this investment will focus on expanding their new energy and airport operations.

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The company has started producing wafers and ingots essential for solar cells at its Gujarat facility. Adani New Industries Ltd, which is part of the group, is also involved in producing solar modules and green hydrogen. This aligns with their goal to enhance India’s manufacturing capabilities in renewable energy components.

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Adani’s ambitions include becoming the first fully integrated renewable energy company in India by 2027-28, starting with the production of polysilicon. They aim to establish a significant renewable energy footprint, targeting 45 GW by 2030, with a substantial portion generated at Gujarat’s Khavda Park.

The group also manages seven airports and is developing a new greenfield airport in Navi Mumbai, expected to be operational by the end of FY25. This expansion is anticipated to significantly increase passenger traffic, underscoring Adani’s commitment to infrastructure growth.

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