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Rapido vs Ola-Uber: How a Bike Taxi Startup Disrupted India’s Ride-Hailing Market
Equities, Markets - February 26, 2025

Adani, Ambani to invest Rs. 50,000 Cr. in Assam

Adani, Ambani to invest Rs. 50,000 Cr. in Assam

 

Overview

At the Advantage Assam 2.0 Summit, Adani and Reliance Industries each pledged to spend Rs 50,000 crore in Assam. Among other projects, Mukesh Ambani revealed plans for an Al-ready Data Center. The Adani Group will invest in a number of areas, such as renewable energy and infrastructure. JSW and Tata are also expected to make large investments in the state.

 

Huge investment promises

Advantage Assam 2.0 Investment & Infrastructure Summit 2025 got underway in Guwahati on Tuesday with Reliance Industries Limited and the Adani Group having pledged to invest Rs 50,000 crore and Rs 50,000 crore, respectively. Speaking at the event, Reliance Industries Limited Chairman Mukesh Ambani stated that AI would refer to both Assam intelligence and artificial intelligence. In 2018, during the last summit, Reliance pledged to invest Rs 5,000 crores in Assam. We have since invested more than Rs 12,000 crore in the state. In the next five years, Reliance plans to more than treble its investment in Assam to over Rs 50,000 crore in the five priority areas listed below.

 

Ambani to set up Data Centres

Mukesh Ambani underlined Reliance’s intent to make Assam “Tech-Ready and AI-Ready” as part of its digital transformation vision. An AI-ready Data Center may be built in Assam which would apply AI assisted teachers to improve education, AI assisted doctors to better healthcare, and AI assisted farmers for agriculture. Assam will enable its youth to learn and earn from home. Furthermore, Reliance will help Assam become a leader in clean atom and green energy, adopting the government’s nuclear policy for the participation of the private sector.

 

RIL’s 5 schemes for development

Mukesh Ambani provided five grand schemes for development of Assam’s economy. Reliance is set to construct two world class Compressed Biogas (CBG) facilities on reclaimed wasteland, and are expected to produce 8 lakh tonnes of clean biogas yearly that could power 2 lakh passenger automobiles daily. New Mega Food Park in Assam would enable it to become a key supplier of food and non-food agro based consumer goods at the national and international level by increasing the value chain of the local produce. Within five years, Reliance Retail is set to double its stores in Assam from 400 to 800. To further develop Assam’s tourism and hospitality sector, Reliance plans to build a seven star luxurious Oberoi hotel. These measures are sure to provide a wealth of direct and indirect employment opportunities for the youth.

 

Adani targets infrastructure

Gautam Adani, Chief of the Adani Group, made a landmark investment of ₹50,000 crore in Assam. These investments will target major infrastructure domains such as airports, ports, city gas distribution, power transmission, cement making, and road development. They are meant to drive the growth of Assam’s economy, increase connectivity, and enhance the distribution of energy.

 

Tata Sons’ pledge for renewable power

N Chandrasekaran, Chairman at Tata Sons, also delineated the development ambitions of the Tata Group for Assam. The corporation will set up 5GW of renewable power in the state within the next five years and help India in its green energy mission and in curbing carbon emissions. Apart from this, the Tata Group will also make an investment in a mega project of large-scale manufacturing technology that will provide jobs for 30,000 youngsters. The venture will help drive Assam’s industrialization, provide skilled jobs, and reinforce the local economy.

 

Other major investments in Assam

Sajjan Jindal, JSW Group Chairman and MD, announced investments in Assam’s renewable energy sector. Further, Anil Kumar Chalamalasetty, MD of Greenko Group, announced that the company will be investing ₹10,000 crore in two Assam units. Greenko is already working with Numaligarh Refinery Limited on ongoing projects.

 

Vedanta Group subsidiary Cairn Oil & Gas invested ₹50,000 crore in oil and gas exploration and production in the region. Vedanta Group Chairman Anil Agarwal informed that the company has three locations in Assam and Tripura and will set up world-class oil and gas exploration and production (E&P) facilities in Assam. The potential of the state to emerge as a Mega basin of the world and an energy production center of the country was highlighted. Vedanta is going to invest more than ₹50,000 crore in Assam to produce 100,000 barrels of oil and gas per day. This project will create world-class exploration and production (E&P) facilities and provide direct and indirect employment to 1 lakh youth, strengthening the position of Assam as a power player in India’s energy sector.

 

Conclusion

The Advantage Assam 2.0 Summit attracted big-ticket investments with Reliance and Adani committing ₹50,000 crore each for AI, clean energy, and infrastructure. Tata, JSW, Greenko, and Vedanta also committed to renewable power, oil and gas, and manufacturing. The investments make Assam a pioneering center for innovation, energy, and industrial development, with thousands of jobs being created.

 

 

 

 

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Easing of risk weights on loans given to MFIs and NBFCs

 

 

 

 

 

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Business, Equities, Markets - January 13, 2025

Adani Group Announces Rs. 65,000 Crore Investment in Chhattisgarh's Energy and Cement Sectors

Adani Group Announces Rs. 65,000 Crore Investment in Chhattisgarh’s Energy and Cement Sectors

On 12th January, 2025, the Adani Group announced an investment in projects related to energy and cement worth Rs. 65,000 crore in the state of Chhattisgarh. The announcement was made by chairman of Adani Group Gautam Adani, when he met Chief Minister of Chhattisgarh, Vishnu Deo Sai at CM’s official residence located in Raipur, capital of Chhattisgarh on 12th of January.

Adani Power is regarded as India’s top private producer of thermal power. In the previous month, the company was considering investing Rs 20,000 crore in establishing a coal-fired power plant in the state of Bihar.

The action of Adani Group to invest in Chhattisgarh acts as an expansion of scope of Adani Group’s investment areas. Earlier, it was limited to only states such as Maharashtra and Gujarat.

Aim of the investment plan in Chhattisgarh
The plan aims to increase the company’s power plants in the three cities of Chhattisgarh state which includes Raipur, Raigarh, and Korba. It aims to increase the state’s power generating capacity to around 6,120 MW. It will not only expand the power generation capacity of the State but also acts as a key for economic growth. It will help in creating a significant amount of job opportunities in the state and particularly in these three cities.

Along with this investment, the group has also allocated Rs. 5000 crore with the intention of expansion and development of the cement plants in the Chhattisgarh state. The aim is to intensify its manufacturing capabilities in the cement sector. The firm Adani Cement already has two integrated units in the state. It is located at Bhatapara and Jamul. The firm has already made public that it will expand its integrated unit in Bhatapara.

The investment plan in Chhattisgarh is giving Adani an advantage by giving them a chance to explore this unexplored potential in energy and infrastructure sectors. It will help in strengthening its shares in these sectors.

CSR initiatives
Adani Group also gave commitment to the government of Chhatisgarh that investment worth Rs. Rs. 10,000 crore will be given for the upcoming 4 years. This investment will be used for supporting social programs such as education, skill development, healthcare and tourism sectors. These initiatives will be undertaken by the aid of Adani Foundation.

Potential Collaborations
The meeting between the chairman of Adani Group and CM of Chattishgarh also discussed potential areas of collaborations for them. It includes areas such as manufacturing equipements related to defence sector and also on creation of data centres. It also explored potential in the establishment of a global capability centre in the state of Chhattisgarh. This exploration in various sectors will certainly encourage future development of the state in various sectors.

The overall investment plan of Adani Group in the state of Chhattisgarh consists of energy, cement, CSR, and other various sectors is anticipated to be around 75,000 crore. This will lead to creation of new employment opportunities and also boosting economic growth in the state of Chhattisgarh. It is not only an important step for Adani group in terms of expansion but for Chhattisgarh in terms of progressive growth.

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Business, Equities, Market News, Markets - November 21, 2024

Adani Group Faces Scrutiny Over Bribery allegation

Adani Group Faces Scrutiny Over Bribery allegation

Indictment Against Gautam Adani
Gautam Adani, chairman of the Adani Group, has been charged in a bribery scheme, according to a U.S. indictment. The case alleges that Adani and associated entities engaged in corrupt practices to secure favorable contracts and influence officials across multiple jurisdictions.

The charges specify that bribes were allegedly paid to foreign government officials to obtain project approvals, maintain advantageous agreements, and expand Adani Group’s business interests. The indictment highlights systemic issues, with accusations of high-level involvement and structured payment systems to obscure the flow of funds.

The details of the indictment also suggest an investigation into the role of intermediaries and potential complicity within various subsidiaries of the Adani Group. If proven, these allegations could lead to severe legal and financial repercussions for Adani, both in the U.S. and globally.

Global Ramifications
The U.S. charges against Gautam Adani come in the wake of earlier controversies surrounding the Adani Group, including allegations of stock price manipulation and opaque financial dealings. These new developments could exacerbate regulatory scrutiny in other countries where the Adani Group operates.

Impact on International Operations: Adani Group’s extensive global footprint, including projects in energy, infrastructure, and ports, may face heightened scrutiny and potential delays in regulatory clearances.
Reputational Damage: Investors and stakeholders might reassess their partnerships with Adani, which could hinder the group’s ability to raise capital for future projects.

Market Reactions and Financial Concerns
The charges have already impacted the broader perception of the Adani Group, causing volatility in its listed entities’ stock prices. Adani’s conglomerate spans critical sectors like power, ports, and renewables, making the allegations a significant event for Indian and global markets.

Analysis of Financial Exposures
While REC and PFC’s exposure to Adani Group is notable, as detailed below, the allegations primarily raise broader concerns about governance and transparency across the conglomerate.

Power Sector Exposure
REC Limited (RECL) and Power Finance Corporation (PFC) have extended significant loans to the Adani Group, with RECL estimating its exposure at INR 17,000-18,000 crore. While these loans are backed by assets and governed by strict financial controls (such as TRA accounts), the reputational fallout from the bribery case could still weigh on market sentiment.

Legal and Regulatory Implications
The indictment could trigger investigations by other regulatory bodies, including the Securities and Exchange Board of India (SEBI), which is already scrutinizing the Adani Group’s financial disclosures.

Additional probes might focus on:
The origin of funds used in bribery schemes.
The role of international banking systems in facilitating these transactions.
Compliance with anti-corruption and anti-money laundering laws in various jurisdictions.

Conclusion
The bribery allegations against Gautam Adani represent a critical moment for the conglomerate, with potential ripple effects across its operations and financial partnerships. While lenders like REC and PFC appear safeguarded by stringent mechanisms, the overarching concern remains the legal and reputational challenges Adani Group must now navigate. The unfolding developments will likely redefine stakeholder confidence in one of India’s most prominent business groups.

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Adani Group's $9B Green Hydrogen Project Boosts Sustainable Growth in Gujarat

Adani Group’s $9B Green Hydrogen Project Boosts Sustainable Growth in Gujarat

Adani Group to Contribute $9 Billion in Green Hydrogen Extend in Gujarat.
The Adani Group has detailed a $9 billion venture in green hydrogen ventures in Gujarat, entering intensely on the export market. The Adani Group’s centre on green hydrogen supports India’s renewable energy targets and positions the nation as an important player in the worldwide hydrogen economy. This move is part of Adani’s larger goal to become a global leader in the production and export of green hydrogen. The project will be based in Mundra, a coastal town that already has well-developed port infrastructure. Adani plans to create greenhydrogen utilizing renewable vitality sources, fundamentally sun oriented andwind control,to guarantee the prepare is economical and ecologically neighbourly.

As part of the strategy, specialised ships will be deployed to Europe and Asia to export hydrogen. Alkaline electrolysers will be used in the project’s initial stages, with anion exchange membrane technology planned for the future. This project is essential to the Adani Group’s strategic expansion goal and is projected to generate 7,500–10,000 new jobs. Adani Green Energy at the same time announced that it would contribute Rs 1.5 lakh crore over the following five a long time to grow the capacity of its Khavda renewable vitality extend in Kutch, Gujarat, to 30 gigawatts (GW). One of the greatest renewable energy projects in the world, the project covers 538 square km. Inside a year of the project’s begin, operations have begun for 2GW of the 30GW capacity that is expected.

Green hydrogen is created through electrolysis using renewable energy and is considered a key element in the global shift towards reducing carbon emissions. It has a variety of uses, including in industries, transportation, and energy storage, making it a versatile and promising energy source. While Adani had to bid for subsidies to cover both the green hydrogen production & electrolyser manufacturing towards membrane technology in future. Adani sought for subsidies to cover both green hydrogen production and electrolyser manufacturing in India’s initial auctions, but the company only got a partial grant for the production of electrolysers. The government only provided money for 198.5MW of the conglomerate’s sought 300MW of annual production capacity subsidies. This investment aligns with India’s national goals to lower carbon emissions and increase the use of renewable energy. Adani plans to build an integrated system that covers everything from generating renewable energy to producing and distributing hydrogen. This approach is expected to make the production process more cost-efficient and competitive on the global market.

Company See there a Global Vision Further where Adani’s decision to invest heavily in green hydrogen signals its intent to become a global leader in this emerging sector. Green hydrogen, produced through renewable energy sources like solar and wind, is increasingly seen as a game-changer in the global push for decarbonization. Adani’s focus on green hydrogen positions the company at the forefront of this transition, potentially giving it a competitive edge in the global energy market. By establishing its green hydrogen production base in Mundra, leveraging the region’s robust port infrastructure, Adani is strategically positioning itself to tap into the export market. This move not only supports India’s ambition to be a key player in the global hydrogen economy but also opens up new revenue streams for the company, enhancing its long-term growth prospects. Economic Impact and Employment The project is expected to have a significant positive impact on the local economy. With plans to create an integrated value chain—from renewable energy generation to hydrogen production and distribution—Adani is set to generate numerous job opportunities in Gujarat. This will boost local employment, foster economic development, and contribute to the region’s prosperity. Chairman Gautam Adani underlined the conglomerate’s dedication to energy transition initiatives, citing ambitions to manufacture vital components for the creation of green energy exceeding USD 100 billion (about Rs 835 crore).

Opinions & Growth :
In my Opinion project is also expected to create many jobs and boost the economy in the region. Adani Group’s focus on green hydrogen helps India meet its renewable energy goals and establishes the nation as a major participant in the global hydrogen market. The project is set to start operations by 2028, with developments happening in phases over the upcoming years, highlighting Adani’s commitment to sustainable growth and energy transition. The $9 billion green hydrogen investment from Adani Group is a statement of purpose rather than just a financial guarantee. Adani is establishing itself as a leader in the global energy transition by putting a focus on innovation and sustainability. This action not only creates the way for Adani’s future expansion and dominance in the global energy market, but it also boosts India’s goals for renewable energy. As the project develops, it is anticipated to become a model for how significant investments in green hydrogen may produce advantages for the environment and the economy.

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Business, Equities, Market News, Markets - July 12, 2022

Adani group to enter into 5G spectrum

Adani group to enter into 5G spectrum:

 Gautam Adani, a led conglomerate to engage in a bidding clash with Reliance & Airtel for 5G spectrum. Adani Group’s entry into the 5G spectrum will result in intensified competition for revenue. Analysts believe Adani Group to engage in a battle for 5G airwaves auction. The auction will be on July 26, in both the coveted but expensive 3.3-3.67 GHz and the cheaper 26 GHz bands. Adani Group as the fourth bidder will increase sell off the spectrum. This will lead to more sales of the spectrum, which is good for the government. The price will rise 10% over the reserve price of Rs.317Cr. a unit.

Adani Group clarifies it doesn’t want to enter the consumer mobility space but would participate in the upcoming auction. Adani Group intends to provide private network solutions with enhanced security at its airports, logistics, power generation, distribution, and manufacturing units. They mentioned their plans align with their recent proposition of increasing the Adani Foundation’s investment in education, skill developments, and healthcare. Despite their current focus being on 5G private captive networks, they would target both 5G airwaves 26 GHz and C-band also called mid-band. As ecosystems are now developed around C-band and not much around 26GHz waves.

Adani telco will include services in automation of factories, remote education centers or remote working facilities, and other 5G storage solutions. Spectrum leasing means one company leasing spectrum from telecoms for a fee to corporates keen to invest in such networks. The large corporates can be setting networks on their own or in a tie-up with a technology company. Adani group will have the facility to serve enterprise offerings which include the private network as a service. The entry of Adani Group could make difficult situations for cash-strapped Vodafone Idea. This would dampen future revenue streams for the current telecom companies. Vodafone Idea may either overbid or miss out on the opportunity to participate in the auction.

The Centre plans 72Ghz worth 4.5 lakh Cr. to be valid for 20 years at the base price in various low bands (600 Mhz, 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz, 2300, 2500 Mhz), mid (3.3-3.67 GHz) and high (26 GHz) frequency bands. However, the government expects telecoms to use both mid and high-band spectrum to roll out 5G services.

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