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Adani Group's Financial Moves: Securing Billions for Expansion and Pioneering Green Initiatives

 


The Adani Group, a prominent Indian conglomerate, is reportedly in advanced discussions with sovereign funds in the West Asian region to secure funding of up to $2.6 billion for its ambitious airport expansion and green hydrogen projects.

With a goal of achieving an EBITDA (earnings before interest, tax, depreciation, and amortization) of ₹80,000 crore by March 2024, the Adani Group has actively engaged in roadshows in key financial hubs such as London, Dubai, and Singapore to attract potential investors. These roadshows served as a platform for the group to outline its future growth strategies, placing a significant emphasis on expanding its footprint in the airport sector and venturing into the emerging green hydrogen market, as reported by Business Standard.

Meanwhile, Adani Realty has successfully secured the contract for the redevelopment of the 24-acre Bandra Reclamation land parcel, a project initiated by the Maharashtra State Road Transport Corporation (MSRDC), pending final approval from the MSRDC Board in their upcoming meeting on February 17, 2024, as noted by the Free Press Journal.

In a separate development, Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, is gearing up to establish a colossal 30 GW renewable energy plant in Khavda, India. Upon completion, this project is poised to become the world's largest, with an expected annual generation of approximately 81 billion units of electricity. This substantial output will be sufficient to power 16.1 million homes and contribute to preventing a staggering 58 million tonnes of CO2 emissions annually. AGEL has ambitious plans to expand its operational portfolio to 9,029 MW and achieve a total portfolio of 20,844 MW, reshaping India's energy landscape significantly, as previously reported by Mint. Stay tuned for further insights into how this green energy giant will transform the dynamics of the Indian energy sector.

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