In yet another feat for the Adani Group, three portfolio companies -- Adani Enterprises (via its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone (APSEZ), and Ambuja Cements -- have joined the World Economic Forum’s (WEF) 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster, it was announced on Monday.
The Adani Mundra Cluster will become one of the world’s largest integrated green hydrogen hubs, with a planned capacity of 1 million metric tonnes per annum (MMTPA) of green hydrogen production by 2030, expanding up to 3 MMTPA by 2040.
This will be supported by a fully integrated value chain comprising 10 GW of solar modules, 5 GW of wind turbines, and 5 GW of electrolyser manufacturing capacity, alongside associated port infrastructure.
The cluster will also have production facilities for green hydrogen derivatives such as ammonia, further solidifying its leadership in the green energy transition, according to the Adani Group.
"By joining the World Economic Forum’s Transitioning Industrial Clusters initiative, the signatories will have the opportunity to collaborate with global industry peers, think tanks, policymakers and experts to pioneer innovative approaches towards decarbonisation," said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements.
"The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country’s dependency on energy imports," Karan Adani added.
The initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment, and advance decarbonisation by 2050.
Roberto Bocca, Head of the Centre for Energy and Materials and Member of the Executive Committee at the WEF, said they are delighted to welcome the Adani Mundra Cluster to their international community of 23 industrial clusters, "as one of the first two clusters in India".
"By tapping into Gujarat’s significant renewable energy capacity, the cluster is on track to becoming one of the leading green hydrogen hubs in South Asia. Within the Transitioning Industrial Clusters community, Adani Mundra can exchange knowledge with fellow clusters and advance the energy transition," Bocca added.
Since its inception in 1993, the port business at Mundra has evolved into a thriving, port-led industrial cluster.
Now recognised as India’s largest port, Mundra has become a dynamic hub for companies across diverse sectors, ranging from advanced solar module and wind turbine manufacturing to challenging-to-decarbonise cement production.
Adani Ports has committed to powering all its port operations with renewable electricity by 2025, with a target of achieving net-zero emissions as early as 2040. The upcoming Ambuja unit in Mundra aims to be the lowest-emission-intensity cement production facility globally, aligning with the company’s goal of achieving net zero by 2050.
Under-construction tunnel collapses in Telangana, seven workers feared trapped
Seven workers are feared trapped after a portion of an under-construction tunnel as part of Srisailam Left Bank Canal (SLBC) collapsed in Telangana's Nagarkurnool district on Saturday.
Bid to rig polls: ED lens over USAID’s partners in crime in India
The Directorate of Enforcement, along with other security and financial agencies, has initiated preliminary steps to identify Indian entities and individuals who served as conduits for receiving the now-scrapped USAID’s $21 million to influence voter turnout in the country, official sources said on Saturday.
Delhi CM Gupta meets PM Modi; city ministers oversee road repairs, projects
Delhi Chief Minister Rekha Gupta met Prime Minister Narendra Modi at his residence on Saturday even as her Cabinet ministers hit the road and started reviewing repairs of potholed roads and reviewed pending projects across the city.
Atishi seeks meeting with Delhi CM on Rs 2,500 monthly payment to women
Delhi’s new Chief Minister Rekha Gupta was on Saturday approached by her predecessor and AAP leader Atishi for a meeting to discuss the early launch of a scheme of Rs 2,500 monthly financial assistance to women - a promise made by the BJP during the Assembly election campaign.
Israel confirms death of Shiri Bibas in Hamas captivity after 16 months of uncertainty
The announcement follows a failed attempt by Hamas to return Bibas' remains a day earlier when the body delivered was found to belong to a Palestinian woman instead, reports Times of Israel.
After 20 months, red-faced AAP govt in Punjab scraps Dhaliwal's Cabinet portfolio
Leaving the AAP government in Punjab red-faced, its NRI Affairs Minister Kuldeep Singh Dhaliwal had been heading a department that existed only on paper without allocation of staff for nearly 20 months.
Chancellor of private university arrested by Assam Police
Assam Police on Saturday arrested Mahbubul Hoque, Chancellor of the University of Science and Technology, Meghalaya (USTM) on the allegation of forging a caste certificate, officials said.
Binds hearts of Hindus together: Kash Patel's oath on Bhagavad Gita sparks applause on social media
In a historic move, Kash Patel was sworn in as the ninth director of the Federal Bureau of Investigation (FBI) by placing his hand on the Bhagavad Gita, a gesture that sparked widespread appreciation from Hindus around the world on Saturday.