The Gautam Adani-led conglomerate wants to invest across businesses such as data centers, renewable energy, copper, cement and chemicals to create economic assets in the state.
Fortune India turned 100. Well, sort of. We are 100 issues old, a milestone that caps an extraordinary journey of groundbreaking stories on the movers and shakers of the business world.
Are conglomerates making a comeback or have they completely lost all relevance?They’ve never really gone away, at least in India. Here’s why they are unlikely to vanish in the future either.
For India’s largest private transmission company, Adani Transmission, entering the distribution business was a natural extension of its existing business.
Adani Power has signed a 25-year power purchase agreement (PPA) with Bangladesh Power Development Board. Oversupply and inability to sign long term PPAs in domestic market is said to have prompted move.
Global acquisitions worth over $6 billion in the last year, India’s largest private port, rapidly growing ambitions in energy and agriculture all point to gautam adani’s hunger for scale. Could he be another Dhirubhai Ambani?
