Adani Group, an Indian conglomerate, announced an ambitious investment of over 7.5 trillion rupees ($88.53 billion) in Rajasthan, targeting sectors like renewable energy and cement. Over half of this investment is planned within the next five years, including the construction of four new cement plants and a massive 100 GW integrated green energy ecosystem. This announcement comes amid controversy following accusations from U.S. authorities about bribery and misleading investors, which the group has denied. Adani’s commitment to renewables aligns with its broader $160 billion valuation strategy, supported by its clean energy initiatives like the 50 GW energy park planned in Gujarat.
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Adani Group Commits $88 Billion to Rajasthan Despite Bribery Scandal | AF1G
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