Gautam Adani’s BIG announcement, to invest over USD 75 billion in this sector in 5 years

Gautam Adani is India’s second richest man and Adani Group The president said his conglomerate will invest over $75 billion in the energy transition space in the next five years, PTI reported. He argued that the country should do what is best for itself, determine its own development path, and resist external pressures. Adani was speaking on the 100th foundation day of IIT (Indian School of Mines) in Dhanbad.

The world’s largest renewable energy park

Adani said the group is building the world’s largest renewable energy park spread over an area of ​​520 square kilometers at Khavda in Gujarat. “This park will produce 30 gW of green energy when it reaches full capacity by 2030. At average household consumption, this is equivalent to powering more than 60 million homes per year,” he said.

Adani Enterprises shares

The market capitalization of Adani’s flagship company, Adani Enterprises, is Rs 2.59 lakh crore as on December 9. Its shares closed at Rs 2,250 on Tuesday.

Gautam Adani’s net worth

According to Forbes, the 63-year-old billionaire has a net worth of US$65.7 billion as of December 9. Adani Group has stakes in ports, airports, power generation and transmission, and green energy, among others.