Business EconomyPosted at: Oct 19 2021 6:25PM

Adani group companies to invest over $50-70 billion in renewable energy value chain

New Delhi, Oct 19 (UNI) Adani group companies will invest over $50-70 billion in the renewable energy value chain and have committed 70 per cent of planned capex until 2030 to energy transition.

Hydrogen is a game changer and Adani’s green energy portfolio will expand to become one of the world’s largest green hydrogen producers, Adani Group Chairman Gautam Adani said on Tuesday.

''Over the next decade, the Adani portfolio companies in the energy and utility business will invest over $20 billion in renewable energy generation and the overall organic and inorganic investments across the entire green energy value chain will range between $50 billion and $70 billion,'' he said.

''Over 70 per cent of its planned capex until 2030 would be in sustainable technologies. This includes investments with potential partners for electrolyzer manufacturing, backward integrations for component manufacturing to secure the supply chain for the solar and wind generation businesses, and AI-based utility and industrial cloud platforms,'' he added.

''When combined with India's cost and locational advantages, this will enable Adani to produce the world’s least expensive green electron and be on track to become the world’s largest renewable power portfolio by 2030,'' Adani said on the side-lines of the UK’s Global Investment Summit at the London Science Museum.

The Global Investment Summit, organized by the UK Government, was held on October 19 at the Science Museum, London. It featured Prime Minister Boris Johnson, members of the royal family, British MPs, technologists and global investors.
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Tags: #Adani group companies to invest over $50-70 billion in renewable energy value chain

Reliance Retail Ventures buys 52 per cent stake in designer Ritu Kumar's firm

19 Oct 2021 | 7:13 PM

New Delhi, Oct 19 (UNI) Mukesh Ambani-led Reliance group seems to be on acquisition spree. Days after one of its group firms signed pact to buy 40 per cent stake in designer Manish Malhotra's MM Styles, Reliance Retail Ventures Ltd (RRVL) on Tuesday said that it has acquired majority stake in Ritika Pvt Ltd that owns designer-wear brand Ritu Kumar.

Adani group companies to invest over $50-70 billion in renewable energy value chain

Reliance Retail Ventures buys 52 per cent stake in designer Ritu Kumar's firm

Sensex declines 49 54 pts

Paytm sets aside Rs 100 crore for marketing campaigns during festive season to promote UPI, Postpaid (BNPL) & Wallet businesses

Adani group companies to invest over $50-70 billion in renewable energy value chain

Schneider Electric Kicks off Innovation Summit India 2021

HYDERABAD, OCT 19 (UNI):- Vice President, M. Venkaiah Naidu interacting with the Officer Trainees of the Indian Information Service (IIS), at his residence, in Hyderabad on Tuesday.UNI PHOTO-81U

HYDERABAD, OCT 19 (UNI):- Vice President, M. Venkaiah Naidu interacting with the Officer Trainees of the Indian Information Service (IIS), at his residence, in Hyderabad on Tuesday.UNI PHOTO-80U

JOBAT, OCT 19 (UNI):-Madhya Pradesh Chief Minister Shivraj Singh Chouhan during election campaign in favor of BJP candidate in Jobat Assembly constituency on Tuesday.UNI PHOTO-78U

PATNA, OCT 19 (UNI):- Bihar Chief Minister Nitish Kumar offered prayer in Phulwari Sharif mazar on the occasion of Eid Milad ul nabi, in Patna on Tuesday.UNI PHOTO-77U

PATNA, OCT 19 (UNI):-Bihar Chief Minister Nitish Kumar offered prayer in Phulwari Sharif mazar on the occasion of Eid Milad ul nabi, in Patna on Tuesday.UNI PHOTO-76U

PATNA, OCT 19 (UNI):- Bihar Chief Minister Nitish Kumar offered prayer in Phulwari Sharif mazar on the occasion of Eid Milad ul nabi, in Patna on Tuesday.UNI PHOTO-75U

PATNA, OCT 19 (UNI):- Bihar Deputy CM Tarkishor Prasad along with BJP MP Sushil KUmar Modi pay tribute to the dead body of Bihari migrant workers,who killed by terrorist attack in the Kashmir Valley, at Jai Prakash Narayan airport, in Patna on Tuesday.UNI PHOTO-74U

PATNA, OCT 19 (UNI):- Bihar Deputy CM Tarkishor Prasad along with BJP MP Sushil KUmar Modi pay tribute to the dead body of Bihari migrant workers,who killed by terrorist attack in the Kashmir Valley, at Jai Prakash Narayan airport, in Patna on Tuesday. UNI PHOTO-73U

PATNA, OCT 19 (UNI):- Bihar Deputy CM Tarkishor Prasad along with BJP MP Sushil KUmar Modi pay tribute to the dead body of Bihari migrant workers,who killed by terrorist attack in the Kashmir Valley, at Jai Prakash Narayan airport, in Patna on Tuesday.UNI PHOTO-72U

JABALPUR, OCT 19 (UNI):-Policemen patrol street after protest by Muslim community at Miloniganj Area in Jabalpur on Tuesday. UNI PHOTO-71U

JABALPUR, OCT 19 (UNI):-Policemen patrol street after protest by Muslim community at Miloniganj Area in Jabalpur on Tuesday. UNI PHOTO-70U

NEW DELHI, OCT 19 (UNI):-Union Minister for Minority Affairs Mukhtar Abbas Naqvi and former Jharkhand Chief Minister Raghubar Das meeting Various socio-economic-educational empowerment schemes, in New Delhi on Tuesday.UNI PHOTO-69U

IDUKKI, OCT 19(UNI) The shutter of Idukki - Cheruthoni dam were raised to release excess water due to heavy rains in catchment area in Idukki on Tuseday.UNI PHOTO-68U

IDUKKI, OCT 19(UNI) The shutter of Idukki - Cheruthoni dam were raised to release excess water due to heavy rains in catchment area in Idukki on Tuseday.UNI PHOTO-67U

LUCKNOW, OCT 19 (UNI):- AICC General Secratary and UP incharge Priyanka Gandhi Vadra address a press conference at party office in Lucknow on Tuesday.UNI PHOTO-66U

LUCKNOW, OCT 19 (UNI):- AICC General Secratary and UP incharge Priyanka Gandhi Vadra address a press conference at party office in Lucknow on Tuesday.UNI PHOTO-65U

BIKANER, OCT 19 (UNI):-Under Dengue-free Bikaner, BSF jawans took out a motorcycle rally and gave a message of awareness in Bikaner on Tuesday. UNI PHOTO-64U

LUCKNOW, OCT 19 (UNI):- Congress leader Priyanka Gandhi Vadra addressing a press conference, in Lucknow on Tuesday. UNI PHOTO-63U

KOLKATA, OCT 19 (UNI) Activists of Vishva Hindu Parishad (VHP) protest against atrocities over Hindus in Bangladesh, in Kolkata on Tuesday.UNI PHOTO VKY 8u .

KOLKATA, OCT 19 (UNI) Activists of Vishva Hindu Parishad (VHP) protest against atrocities over Hindus in Bangladesh, in Kolkata on Tuesday.UNI PHOTO VKY 7u .