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Adani saga could have pernicious effects on India’s new-energy economy

Renewables and natural gas are the two segments to watch out for as nearly 70 percent of the group’s investment had been aligned to the energy transition space.

March 23, 2023 / 12:29 PM IST
Adani saga could have pernicious effects on India’s new-energy economy

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights  Adani's aggressive expansion plan has a tremendous impact on investment in the renewables sector AGEL is developing a renewable portfolio of nearly 20 GW by 2025 High LNG price affected commissioning of the gas projects 3 out of 6 LNG terminal utilization have less than 20 percent utilization Rising EV penetration is a threat to CNG demand The Adani Group had been on an ultra-aggressive expansion spree in recent years with forays into airports, green energy, cement, data centres, real estate, defence and other areas. Although...

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