Adani Group companies in renewable energy, ports, and petrochemicals, are breaking new ground demonstrating a strong commitment to operational excellence, sustainability, and global expansion.
Adani Green Energy Limited (AGEL) strengthened its position as India’s renewable energy leader with significant capacity additions. Over the last few weeks, it commissioned multiple projects, reinforcing the company’s commitment to sustainable energy. The newly commissioned projects include a 62.4 MW wind-solar power hybrid project in Khavda, Gujarat, 112.5 MW solar power project also in Khavda, Gujarat and a 250 MW solar power project in Jodhpur, Rajasthan.
These additions have elevated AGEL’s total operational renewable generation capacity to 11,608.9 MW, advancing its ambitious target of achieving 50 GW by 2030. The company’s focus on leveraging technology to reduce the Levelized Cost of Energy (LCE) demonstrates its commitment to making clean energy more accessible.
Planning for 2025, AGEL’s vision for global expansion was reflected in several strategic leadership appointments announced in December 2024. Amit Singh, with his extensive international experience at SLB (formerly Schlumberger) and expertise in energy transition, will lead the International Energy Business. His appointment particularly strengthens the Group’s expansion plans in the MENA region. Meanwhile, Ashish Khanna, bringing over three decades of experience in renewables and infrastructure, will take the helm at AGEL as CEO from April 2025.
Symbolizing the Group’s commitment to sustainable practices, AGEL is being certified ‘water positive for plants of more than 200 MW capacity’, ‘single-use plastic free’, and ‘zero waste-to-landfill’. These achievements highlight Adani’s dedication to responsible corporate growth and environmental stewardship.
Adani Ports and Special Economic Zone Limited (APSEZ) continued its impressive trajectory, handling 38.4 MMT of cargo in December 2024, achieving an 8% year-on-year growth. The stellar performance was driven by substantial increases in container volumes (22% YoY) and liquids and gas (7% YoY). Year-to-date figures reflect sustained growth with 332.4 MMT of total cargo handled, supported by strong logistics rail volumes of 0.48 Mn TEUs and GPWIS volumes reaching 16.1 MMT.
In a significant strategic move, Adani Petrochemicals Limited (APCL), a wholly owned subsidiary of Adani Enterprises Limited, has entered into a 50:50 joint venture with Thailand’s Indorama Resources Limited. The newly incorporated entity, Valor Petrochemicals Limited (VPL), aims to establish a presence in the refinery, petrochemical, and chemical sectors. The collaboration signifies Adani Group’s strategic expansion into new business territories, leveraging international partnerships to drive growth. According to media reports, the JV will invest about $3 billion in setting up a 3.2MTPA plant. The parent – APCL – is separately setting up a 2MTPA PVC plant which is likely to be commissioned in 2026.
In another development, Adani Energy Solutions Ltd., the energy transmission arm of the group, has won a ~$3 billion mega transmission project involving highly complex and capital intensive HVDC (High Voltage Direct Current) infrastructure, it’s largest project win till date. The project once commissioned, will help evacuate 20GW of renewable energy from a renewable energy park in India’s west by connecting it to demand centre in the north.
Through expanding portfolios and strengthening its international presence, Adani Group is demonstrating strong execution capabilities while maintaining operational excellence, positioning to capitalize on opportunities in the evolving global economy.
