Adani Group to invest $100 billion by 2032
Adani has been actively diversifying his business, and his most recent entry into the cement industry was the $6.5 billion acquisition of Ambuja Cements Ltd. and ACC Ltd., which immediately elevated the group to the position of second-largest cement producer in the nation.
The second-richest person in the world, billionaire Gautam Adani, announced on that his organization would invest $100 billion over the following ten years, especially in digital and energy potential as well as industries including aerospace and defense, metals, and petrochemicals.
Adani has been actively diversifying his business, and his most recent entry into the cement industry was the $6.5 billion acquisition of Ambuja Cements Ltd. and ACC Ltd., which immediately elevated the group to the position of second-largest cement producer in the nation.
The group also disclosed plans to invest up to Rs 57,575 crore in the alumina and iron ore industries. The Adani group, which began as a commodity trading firm in the late 1980s, has expanded over time to include businesses in ports, airports, power, renewable energy, gas distribution, and data centers.
In order to increase its present capacity of 20GW, Adani wants to install 45 gigawatts (GW) of hybrid renewable power producing capacity.
He continued by saying that the organization would construct three gigafactories in India, which would enable the commercialization of three million metric tons of green hydrogen.
The company is also constructing a 5GW hydrogen electrolyzer factory, a 10GW integrated wind-turbine manufacturing facility, and a backward-integrated 10GW silicon-based photovoltaic value chain.
