The Adani Group, a prominent Indian conglomerate, is reportedly in advanced negotiations with sovereign funds in the Middle East to secure up to $2.6 billion for its airport expansion and green hydrogen initiatives. With a target of achieving an EBITDA (earnings before interest, tax, depreciation, and amortization) of Rs 80,000 crore by March 2024, the group has conducted roadshows in London, Dubai, and Singapore to attract potential investors. These presentations have provided insights into the group's future growth strategies, particularly highlighting its plans for expanding in the airport sector and venturing into the emerging green hydrogen market.

According to a report from the Free Press Journal, Adani Realty has successfully obtained the contract to redevelop the 24-acre Bandra Reclamation land parcel, which was made available by the Maharashtra State Road Transport Corporation (MSRDC). The final approval is yet to be granted and will be determined by the MSRDC Board during their forthcoming meeting, as stated in a report on February 17, 2024.

Furthermore, Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, is strategizing the development of a massive 30 GW renewable energy facility in Khavda, India. Upon completion, this project is poised to become the world's largest, projected to produce approximately 81 billion units of electricity annually. This output would be adequate to power 16.1 million homes and prevent an impressive 58 million tonnes of CO2 emissions each year. AGEL intends to augment its operational capacity to 9,029 MW and its overall portfolio to a commanding 20,844 MW. Stay tuned for updates on how this eco-friendly behemoth will revolutionize India's energy sector, as previously reported.