Adani unveils green aspects in Rs 7 lakh cr investment blueprint

The The Adani Group is set to allocate Rs 7 lakh crore for capital expenditure in the coming decade, as revealed by its billionaire chairman, Gautam Adani. Adani provided insights into the plans, underscoring their strategic 1 aim to strengthen the con-glomerate's standing as a key infrastructure leader in India.

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Adani in posts on X, formerly Twitter, has over the last few days detailed 'green' initiatives of the investment plan across some verticals of the apples-to-airport conglomerate.

"The portfolio recently announced its plan to invest over Rs 7 lakh crore over the next 10 years to consolidate its preeminent position as the largest infrastructure player in India," Adani Energy Solutions said in a stock exchange filing.

While flagship Adani Enterprises Ltd incubates anddevelops new businesses spanning mining, airports, defence and aerospace, solar manufacturing, roads, metro and rail, data centres and resource management, its ports business is on a greening drive.

"By 2025, we will set a national benchmark being the only carbon-neutral port operations and be net zero for APSEZ by 2040. Our climate-friendly transformation includes electrifying all cranes, switching all dieselbased internal transfer vehicles to battery-based ITVs, and installing an additional1000 MW of captive renewable capacity," Adani said in a post on X.

Adani Ports and Special Economic Zone is the nation's largest seaport operator in the country, with ports on both east and west coasts.

"Our dedication to protecting the environment is also reflected in our expanding mangrove plantations, aiming for a remarkable 5000 hectares by FY 25. This is yet another step towards a greener future and further testament of our commitment to climate stewardship," he said.