Gautam Adani Reveals Rs 7 lakh Crore Green Investment Blueprint
Monday, 11 December 2023, 10:34 IST
The Adani Group is set to invest INR 7 lakh crore in capital expenditure over the next decade, as revealed by its billionaire chairman, Gautam Adani. He has disclosed key details of these plans, aimed at strengthening the position as a leader in India's infrastructure sector. "The portfolio recently announced its plan to invest over INR 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.
As Adani Enterprises Ltd, the flagship company, nurtures and fosters emerging ventures across diverse sectors such as mining, airports, defense, aerospace, solar manufacturing, roads, metro, rail, data centers, and resource management, its ports division is actively pursuing eco-friendly initiatives. "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 diesel-based internal transfer vehicles to battery-based ITVs, and installing an additional 1000 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 the 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 to our commitment to climate stewardship", he said.
Sharing pictures of the massive construction work in Kuch desserts in Gujarat, Adani said his group is building "the world's largest green energy park". "This monumental project, covering 726 sq km in the challenging Rann desert, is visible even from space. We will generate 30GW to power over 20 million homes. Also, just 150 km away, in our Karmabhoomi Mundra, we are creating one of the globe's most extensive and integrated renewable energy manufacturing ecosystems for solar and wind", he said.
ATGL provides compressed natural gas (CNG) for automobiles and piped natural gas for households' cooking and industrial use in multiple cities nationwide. In addition to these services, the company is establishing EV charging stations and constructing facilities to convert agricultural waste into gas suitable for city gas operations. "We are on target for installing 75,000 EV charging stations by 2030. All of our own 50 sites are now powered by rooftop solar panels. Our operations vehicle fleet, covering 37 million km yearly, completely switched from diesel to CNG", Adani said.
The Adani Group entered the airport sector in 2019 by securing operation and management contracts for six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. Additionally, the group has a 73 percent stake in Mumbai International Airport Ltd, which, in turn, possesses a 74 percent stake in Navi Mumbai International Airport Ltd. "We proudly operate on 100 percent green energy, making us an entirely sustainable airport. Moreover, we are 3rd in Asia Pacific to reach Level 4+ 'Transition' of the ACA Program of ACI, aligning our CO2 management with global climate objectives. Our next goal? Net Zero Carbon Emissions by 2029", he added.
Being the electricity supplier to Mumbai, Adani said group firm "Adani Electricity stands out with its green initiatives". "We are on course to provide 60 percent renewable electricity to Mumbai by 2027, setting a global record for a major city. Currently, over 38 percent of our supply is green. This Diwali, we achieved a landmark by fuelling Mumbai entirely with 100 percent renewable energy, demonstrating our dedication to a sustainable future", he said.
Adani said, "The group is committed to planting 100 million trees by 2030, one of the most ambitious pledges by an Indian corporation globally. Already at 29 million, we continue to give our best for enhancing biodiversity, climate resilience, and rural livelihoods. Our goal: 37 million mangroves on India's coasts and 63 million inland trees".
As Adani Enterprises Ltd, the flagship company, nurtures and fosters emerging ventures across diverse sectors such as mining, airports, defense, aerospace, solar manufacturing, roads, metro, rail, data centers, and resource management, its ports division is actively pursuing eco-friendly initiatives. "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 diesel-based internal transfer vehicles to battery-based ITVs, and installing an additional 1000 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 the 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 to our commitment to climate stewardship", he said.
Sharing pictures of the massive construction work in Kuch desserts in Gujarat, Adani said his group is building "the world's largest green energy park". "This monumental project, covering 726 sq km in the challenging Rann desert, is visible even from space. We will generate 30GW to power over 20 million homes. Also, just 150 km away, in our Karmabhoomi Mundra, we are creating one of the globe's most extensive and integrated renewable energy manufacturing ecosystems for solar and wind", he said.
ATGL provides compressed natural gas (CNG) for automobiles and piped natural gas for households' cooking and industrial use in multiple cities nationwide. In addition to these services, the company is establishing EV charging stations and constructing facilities to convert agricultural waste into gas suitable for city gas operations. "We are on target for installing 75,000 EV charging stations by 2030. All of our own 50 sites are now powered by rooftop solar panels. Our operations vehicle fleet, covering 37 million km yearly, completely switched from diesel to CNG", Adani said.
The Adani Group entered the airport sector in 2019 by securing operation and management contracts for six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. Additionally, the group has a 73 percent stake in Mumbai International Airport Ltd, which, in turn, possesses a 74 percent stake in Navi Mumbai International Airport Ltd. "We proudly operate on 100 percent green energy, making us an entirely sustainable airport. Moreover, we are 3rd in Asia Pacific to reach Level 4+ 'Transition' of the ACA Program of ACI, aligning our CO2 management with global climate objectives. Our next goal? Net Zero Carbon Emissions by 2029", he added.
Being the electricity supplier to Mumbai, Adani said group firm "Adani Electricity stands out with its green initiatives". "We are on course to provide 60 percent renewable electricity to Mumbai by 2027, setting a global record for a major city. Currently, over 38 percent of our supply is green. This Diwali, we achieved a landmark by fuelling Mumbai entirely with 100 percent renewable energy, demonstrating our dedication to a sustainable future", he said.
Adani said, "The group is committed to planting 100 million trees by 2030, one of the most ambitious pledges by an Indian corporation globally. Already at 29 million, we continue to give our best for enhancing biodiversity, climate resilience, and rural livelihoods. Our goal: 37 million mangroves on India's coasts and 63 million inland trees".
