Three Adani portfolio companies, Adani Green Energy, Adani Transmission, and Adani Enterprises, will get US$2b (INR15,400 Cr) in green investments from the International Holding Company (IHC).
“We are delighted to commence this inter-generational relationship with IHC. We are deeply committed to the shared vision and values of investment in sustainable infrastructure, green energy and energy transition,” Sagar Adani, Executive Director, AGEL, said.
“This is a landmark transaction and marks a start of a wider relationship between The Adani Group and IHC and attracting further investment from UAE into India.”
According to Adani, all three businesses have the core aspects of environment, sustainable, and governance woven into their operations.
“This will be a long-term investment in India as the country is driving much innovation globally, including the green energy sector,” Syed Basar Shueb, CEO and Managing Director of IHC, said.
“The opportunity to earn a compelling return on investment in green energy has never been greater.”
Of the INR15,400 Crore, IHC will invest INR 3,850 Crore in Adani Green Energy Ltd., INR 3,850 Crore in Adani Transmission Ltd. and INR 7,700 Crore in Adani Enterprises Ltd. The transaction is expected to be completed in a month.