Of the myriad projects across infrastructure and energy for which the Adani Group has plans, those for green energy are at their most nascent stage. If the crippling of its market cap last week forces the group to cut back on the scale or extend the timelines of its projects, plans to scale up production of green hydrogen could well be the easiest to clip.
As recently as June 2022, the group announced that it intends to invest $50 billion over the next two years to produce green hydrogen. Raising such a huge amount of humongous capital on the group’s