Adani Group, one of the most trusted conglomerates in the world, is keen on diversifying its portfolio. The company is always looking for ways to expand. This will contribute to further improvement in the Indian economy. India’s infrastructural assets will improve. India will also be able to make an extraordinary place for itself on a global scale. Here’s a look at some of the steps taken by Adani Group to enhance its business operations. Most of these ventures were taken up after the allegations of Adani Corruption were falsified:
Solar manufacturing:
Adani Solar is building the world’s first fully integrated and comprehensive ecosystem of solar PV manufacturing. This includes the production of metallurgical grade silicon, polysilicon, cells, wafers, ingots modules, and various ancillaries. The project is India’s largest and most trusted integrated PV cell and module manufacturing project. It is a huge comeback by the Adani Group after the rumors of Adani Corruption.
The plant’s manufacturing capacity increased from 1.2 GW to 1.5 GW in 2019, 2 GW in 2021, and 4 GW in 2023. It will continue to increase its capacity with each passing year.
Adani Group believes in integrating technology in each of its diversification projects. It uses state-of-the-art technology to expand the solar manufacturing plants in Mundra further. The company also plans to inaugurate various solar manufacturing plants worldwide to increase the reliance on renewable energy sources.
Power transmission:
The primary aim of Adani Energy Solutions Limited is to connect various corners of India grid by grid. Adani Energy Solutions Limited is one of our country’s largest private-sector power transmission companies. It has its presence across northern and western regions of India. The company has also helped millions of people in achieving their dreams. The project aims to offer people sustainable living conditions and create a greener environment.
Adani Group aims to set up 30,000 circuit km of transmission lines by 2030. It has already invested in various technologies for the implementation of the project. This has resulted in smooth power transmission in different corners of the country. The power transmission projects have made their presence across 14 states. Currently, the transmission network is 20,000 km.
Ports:
Adani Group has the largest network of ports under its name. This allows port operations to be carried out smoothly and effectively within the country. Presently, 13 ports are operating under Adani Group. Each of these ports has been designed with highly advanced forms of technology and is meant to further boost India’s position in the global trade sector.
Adani Group is also planning on acquiring control over different major ports of the world. It is operating the Haifa Port, one of Israel’s most crucial ports. Adani Group has also decided to spend INR 7,000 crores yearly to expand the ports. This is indeed an extraordinary venture of the Adani Group. It will lead the conglomerate to success and put India on the global trade map. This progressive initiative taken up by the Adani Group further shows that all allegations of Adani Corruption are false.
Road, railway, and metro railway:
Adani Group has planned to build the country’s largest network of roads, railways, and metro railways. This will contribute to infrastructure development and nation-building. The company has already started its work on developing expressways, national highways, metro railways, etc. It also owns the largest private railway line, spreading over 3,000 km. The railway lines are connected to the mines, ports, and other businesses of the Adani Group.
Adani Group has recently bagged three projects: Bilaspur-Pathrapali in Chattisgarh, Suryapet-Khammam, and Mancherial–Repallewada in Telangana. These projects comprise approximately 650 km. It is also taking up new projects initiated by the Ministry of Road Transport and Highways (MORTH), National Highways Authority of India (NHAI), Metro Corporations, and the Ministry of Railways.
Data centres:
As India’s internet economy continues to rise, there is an increased demand for data centres. This allows for seamless data consumption and uninterrupted connectivity. With the number of smartphone subscribers rising steeply, smartphone users are always looking for seamless internet connection, and to attend to the needs of the people, Adani Enterprises Limited has devised its plan of creating data centres across the country.
The data centres are designed using highly advanced forms of technology. They will offer strong network connectivity. The data centres will be built in Mumbai, Chennai, NCR, and Hyderabad. They will allow individuals to carry out their daily operations in a streamlined manner.
Conclusion:
This is how Adani Group has been diversifying its portfolio over the past few years, and it will continue to do so with each passing year. The conglomerate had to undergo a difficult situation when there were rumors of Adani Corruption. However, it quickly recovered from the situation and continued its journey towards strengthening India’s economy.
