The non-binding MoU intends to extend collaborations in various industries such as renewable energy, hydrogen and logistics in response to carbon reduction requirements.
The project, proposed in 2010, has become a global emblem for opposition to fossil fuels. It has been impeded by legal challenges and a sustained campaign by climate activists,
The investments would include a fresh $20 bn over the next decade, for areas such as electrolyzer manufacturing, and AI-based industrial cloud platforms, among others.
Adani Group, the first-ever Indian port operator in Sri Lanka, will have a 51% stake & has signed agreement with local partner John Keells Holdings & the SLPA to build the terminal.
The funds rank among the biggest shareholders in Adani group companies, ahead of prominent financial institutions like BlackRock Inc. and The Vanguard Group Inc.
Accounts of 3 Mauritius-based funds with significant exposure to Adani Group stocks were frozen due to insufficient disclosures, local media report said last month.
The clarification comes after the government, in a written response to Parliament, Monday, said that several Adani Group companies were being investigated by the SEBI and DRI.
Adani Group is doubling its coal-fired power capacity to 24 GW, and plans to own, develop or operate new coal mines with a combined capacity of 132 million tons a year.
Mukesh Ambani has leaned toward data-driven consumer businesses like retail & telecom, while Gautam Adani has focused on infrastructure & utilities. Clean energy would see them overlap.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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