Adani Group to invest over $100 billion in the next decade

Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, chairman Gautam Adani said on Tuesday as the ports-to-energy conglomerate accelerates an already aggressive expansion plan.

After founding the group in 1988 as a commodities trading business, Adani has ventured into multiple sectors, mainly in the infrastructure space and in line with the priorities of the government of Prime Minister Narendra Modi.

“As a group, we will invest over $100 billion of capital in the next decade,” Adani, the world’s second-richest person, told the Forbes Global CEO Conference in Singapore.