Adani Group is positioning itself to become a leading private-sector nuclear power developer, outlining plans to build up to 10 gigawatts (GW) of nuclear capacity by 2035. The move follows India’s decision to open its civil nuclear sector to private and foreign investment as part of a broader push toward...
MSC Invests $1.4B in India’s Vizhinjam Port
Adani Ports and Special Economic Zone Ltd. secured a $1.4 billion investment from Mediterranean Shipping Co. (MSC), marking a boost for India’s port infrastructure. MSC’s terminal arm, Terminal Investment Ltd., will invest $539 million upfront in Adani’s Vizhinjam Port, followed by $858 million upon completion of expansion in 2028. The...
Jabil Launches Connected AI Ecosystem with Adani Partnership
St. Petersburg, FL-based Jabil Inc. has announced the launch of its Connected AI Ecosystem, an initiative to support customers across the AI infrastructure value chain. The company is partnering with India’s Adani Group to combine Jabil’s six decades of engineering and advanced manufacturing expertise with Adani’s infrastructure and energy platform....
India’s Adani, Gadot Win Deal to Privatize Israeli Port
Ahmedabad, Gujarat headquartered Adani Ports and Special Economic Zone Ltd (APSEZ) and Israel’s Gadot Group have won the tender to privatize the Port of Haifa, the second largest port in Israel. "The privatization of the port of Haifa will increase competition at the ports and lower the cost of living,"...
India’s Adani Acquires SoftBank’s India Energy Unit for $3.5B
Ahmedabad, India-headquartered Adani Green Energy Ltd., (AGEL) "acquired SB Energy Holdings Ltd., (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021," a company statement said. With this deal, SB Energy India is now a 100 percent subsidiary of AGEL while earlier it...