Gautam Adani’s BIG move, plans to invest over Rs 5 lakh crore in THIS sector by 2032

Billionaire industrialist Gautam Adani.

Holding Adani Group, led by billionaire Gautam Adani, plans to invest in the energy industry by the financial year (FY) around 60 billion USD (approximately 5.29 Lakh Crore) in the energy sector by 2032. Great investment will focus on renewable energy, energy production and transmission/distribution. In an investor presentation, Adani Power put forward the investment plan allocated to various subsidiaries. The movement is compatible as one of the fastest growing electric markets in the world with the prescribed growth of India.

What is Adani Group’s investment strategy?

Within the scope of the strategy, Adani Green Energy (AGEL) plans to invest $ 21 billion in the 30 -fiscal year to increase renewable energy capacity from 14.2 GW to 14.2 GW from 25 FY25. AGEL specializes in the development, operation and maintenance of large -scale Solar and Wind Farm projects. Adani Power invests $ 22 billion to increase its capacity from 25.6 GW to 41.9 GW. Meanwhile, Adani Energy Solutions (AESL) will invest in building transmission and distribution capabilities of $ 17 billion.

How does India’s energy sector grow?

India’s total installed capacity is expected to grow at a CAGR (compound annual growth rate) of 11 percent and climbs from 475 GW to 1,000 GW in 32 financial years. The prescribed growth rate will create investment opportunities of USD $ 500 billion. India is currently globally in terms of renewable energy, with a capacity of 172 GW in terms of renewable energy, and is planned to reach 571 GW in 32 fiscal years. On the other hand, thermal capacity is launched to jump from 247 GW to 309 GW in 32 financial years. Adani Power, Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and Tamil Nadu, such as the largest private sector in India is the largest private sector thermal power producer in India.