Adani Group to Invest $75 Billion in Energy Transition: Gautam Adani Sees Potential in Jharkhand

The Adani Group is steadily investing to establish the world's fastest-expanding renewable energy enterprise.

Dhanbad:

On Tuesday, Gautam Adani, Chairman of the Adani Group, expressed that Jharkhand—especially Dhanbad—possesses remarkable potential, and the state is set for robust development in upcoming years.

During interactions with journalists at the IIT-ISM Dhanbad Centenary Foundation Day celebrations, the Adani Group Chairman highlighted the substantial opportunities present in Jharkhand and Dhanbad, predicting rapid progress for the state in the near future.

When questioned about specific investment plans for Dhanbad, the billionaire simply stated that "investments will come soon."

The Chairman emphasized, "People may categorize mining as part of the old economy, but without it, the new economy cannot exist."

Earlier that day, Gautam Adani announced that his group would invest more than $75 billion in energy transition over the next five-year period.

"Adani Group is allocating over $75 billion toward energy transition initiatives during the coming five years," the Chairman remarked.

The billionaire entrepreneur added that the Adani Group continues to make consistent investments to build the world's most rapidly growing renewable energy company.

According to him, the global shift toward green energy is emerging as this era's largest industry, potentially worth multiple trillion dollars in the coming decades.

"This transition will support electricity-based manufacturing, green steel, green fertilisers, the hydrogen ecosystem, and critical infrastructure that will drive AI and digital economies," Gautam Adani observed.

The Adani Group chairman reaffirmed the group's commitment of more than $75 billion to energy transition initiatives over the next five years.

Gautam Adani also criticized a report from the recent COP-30 conference in Brazil that downgraded India's sustainability ranking, claiming the country lacked a timeline for phasing out coal while continuing coal block auctions.

Meanwhile, Prof. Dheeraj Kumar, Deputy Director of IIT (ISM) Dhanbad, revealed that the Adani group chairman has announced 50 annual paid internships for third-year students and plans to establish an Adani 3S Mining Excellence Centre at the institute.

He also expressed gratitude to Gautam Adani for inspiring students through his speech encouraging them to "Dream boldly, strive continuously, embrace innovation and contribute to building a self-reliant India."