THE ADANI GROUP will invest $100 billion over the next decade in new energy and digital spaces, which includes data centres, chairman and founder Gautam Adani said at the Forbes Global CEO conference in Singapore on Tuesday.
"As a group, we will invest over $100 billion of capital in the next decade. We have earmarked 70% of this investment for the energy transition space," Adani said.
Adani's ambitious investment plans in new and emerging areas come after Mukesh Ambani, Reliance Industries chairman, unveiled last month his group's plan to invest 2.75 trillion over the next five years in 5G services as well as in expanding capacities in the core petrochemical and oil business.
Earlier this month, Adani Group had said it will build three giga factories for manufacturing solar modules, wind turbines and hydrogen electrolysers as part of a $70-billion investment in clean energy by 2030.
The combined market capitalisation of the Group's listed companies is $260 billion. It is already the world's largest solar player.
This story is from the September 28, 2022 edition of Financial Express Mumbai.
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This story is from the September 28, 2022 edition of Financial Express Mumbai.
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