Adani group transforms from coal empire to infrastructure, renewables and data

Gautam Adani is transforming his business

After spending two decades building a business empire centred on coal, Indian billionaire Gautam Adani is now looking at a different future. His ambitious plans are getting a boost from close friend Indian Prime Minister Narendra Modi.

Mr Adani is diversifying into airports, data centres and defence – sectors Mr Modi considers crucial to meeting India’s economic goals. Investors are rewarding the pivot.

In less than two years, Mr Adani has gained control of seven airports and almost a quarter of India’s air traffic.

Adani will boost his renewable energy capacity almost eightfold by 2025.

Last week, he won a contract to co-develop a port terminal in Sri Lanka, a neighbour India is courting to check China’s influence in the region.

Adani Enterprises last month signed a deal with Edge- ConneX to develop and operate data centres across India.

After starting out as a commodities trader in the late 1980s, Mr Adani is now India’s second-wealthiest person, with a net worth of US$56 billion. He has added US$50 billion to his fortune in the past year, about US$5 billion more than Mr Ambani, Asia’s richest man, according to the Bloomberg Billionaires Index.

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

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