According to owner Gautam Adani, the Adani Group intends to invest US$100 billion over the following ten years. Ambuja Cements Ltd and ACC Ltd were purchased by the group for US$6.5 billion, thereby elevating it to the position of second-largest cement maker in India.
As per reports, the energy transition market, together with defence, metallurgy and petrochemicals, will receive almost 70 per cent of the proposed $100 billion investment. This most recent declaration comes after Adani promised to increase its ability to produce cement from 70Mta to 140Mta over the following five years.