Key Points
Within the span of a week, the Adani group has shown a significant resurgence in its growth trajectory and highlighting the conglomerate's renewed vigour and commitment to rapid expansion after recent setbacks..
The group has initiated various expansions and investments, including the establishment of a $1.2 billion copper plant, acquisition of a port in Odisha, increased ownership in a cement company, and formed a strategic partnership with rival Mukesh Ambani's Reliance Industries..
While Ambani's ventures encompass a diverse range from oil and gas to retail and telecom, and Adani concentrates on infrastructure, including seaports, airports, coal, and mining, their paths seldom intersect except in the realm of clean energy, where both have disclosed significant multi-billion investments...
Additionally, Qatar Investment Authority (QIA) and French energy leader TotalEnergies invested USD 770 million in Adani Green Energy Ltd, a renewable energy firm, based on company filings and stock exchange data...
As per company filings and stock exchange data, prior to last week's announcement, the conglomerate had already been active in mergers and acquisitions (M&As), including the acquisition of Sanghi Cement for USD 431 million, a 49.38% stake in Indian Oil Tanking for USD 128 million, Karaikal Port for USD 181 million, and Coastal Energen for USD 420 million...
