Eyeing $10 billion investment in critical areas like nuclear power, port, and petchem
11th March 2025: The Adani Group, India’s infrastructure giant, has revitalized plans for significant investments in the United States, indicating a new chapter in its global expansion strategy, Financial Times has reported. The renewed focus comes as the company continues to demonstrate financial resilience through its subsidiaries, including Adani Green Energy Ltd (AGEL), which recently achieved a major milestone in its capital management journey and crossing 12GW of installed capacity
UK’s Financial Times said, quoting sources close to the group, Chairman Gautam Adani has reactivated potential plans for major investments across key US sectors including nuclear power, utilities, and an East Coast port development. These initiatives, which could possibly represent up to $10 billion in investment and create approximately 15,000 American jobs, aligning perfectly with the group’s global infrastructure development expertise. This would be the largest investment to the US by any Indian corporate.
Adani currently does not have any significant investments in the US and prior to the renewed interest, the group was reportedly exploring petrochemical investments in Texas. Industry analysts note that such large-scale investments would significantly enhance US-India economic ties while providing the Adani Group with strategic footholds in the world’s largest economy.
The strategic importance of Adani’s prospective US investments has gained traction in Washington. Six Republican congressmen recently wrote to US Attorney General Pam Bondi expressing concerns about potential barriers to investment. Their letter, obtained by the Financial Times[1], specifically highlighted how “needless pursuits against those who have contributed tens of billions and created thousands of jobs deter and discourage investors from contributing to our economy.”
The growing political support also highlights the significance of the Adani Group’s investment plans within the larger context of US-India relations, which have seen renewed focus following Indian Prime Minister Narendra Modi’s recent visit to Washington.
The group’s capacity to implement ambitious international investments is evidenced by the continued strength of its subsidiaries. Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, recently announced the successful refinancing of its maiden Construction Facility with an outstanding amount of USD 1.06 billion. The facility, initially secured in 2021, was instrumental in developing India’s largest solar-wind hybrid renewable cluster in Rajasthan.
Importantly, the group’s renewed confidence also comes following the disbandment of Hindenburg Research, the US-based short-seller whose 2023 allegations triggered significant market volatility for Adani companies. The short-seller’s closure has been viewed by many market observers as tacit vindication for the Adani Group, which had consistently denied any wrongdoing.
As AGEL continues its ambitious growth trajectory toward achieving 50 GW of renewable energy capacity by 2030, the parent Adani Group appears equally positioned to advance its global investment strategy, particularly in the United States, when timing aligns with its strategic objectives.
[1] https://www.ft.com/content/42ae477e-6a14-41ff-bcc4-1e61cdc23e3d
