Adani Group Expands Footprint Across States With Rs 5 Lakh Crore Investment Pipeline
The Adani Group is pursuing a Rs 5 lakh crore investment pipeline across various Indian states, including those governed by opposition parties. The conglomerate is focusing on infrastructure projects such as roads, ports, and renewable energy.
Why it matters
This shift suggests a strategic move by a major conglomerate to diversify its political and regional footprint to ensure business continuity and growth.
The Adani Group is expanding its presence across Congress-led and other non-Bharatiya Janata Party-ruled states, with the conglomerate pursuing or executing projects spanning roads, ports, power, renewable energy, cement and data centres totalling about Rs 5 lakh crore as state governments seek private capital for economic development, infrastructure and job creation.The ports-to-energy and airports group, WHICH was once considered close to the BJP, now has a project pipeline that increasingly cuts across political lines, with governments from Karnataka and Telangana to Kerala, Tamil Nadu, Bihar and Andhra Pradesh seeking investments from the conglomerate, sources said.In Karnataka, Adani Enterprises emerged as the lowest bidder for both packages of the proposed 16.75-kilometre north-south tunnel road connecting Hebbal and Central Silk Board in Bengaluru.
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