Gautam Adani’s group will invest over $150 billion across businesses ranging from green energy to data centres to airports and healthcare as it aims to join the elite global club of companies with $1 trillion valuations.

On October 10, Adani Group chief financial officer Jugeshinder ‘Robbie’ Singh detailed the growth plans of the group at an investor meet organised by Ventura Securities Ltd in New Delhi.

The group plans to invest $50-70 billion in the green hydrogen business and another $23 billion in green energy over the next 5-10 years, he said.

It will invest $7 billion in electricity transmission, $12 billion in transport utility and $5 billion in the road sector.

Its foray into data centre business with cloud services would entail an investment of $6.5 billion in partnership with Edge ConneX and another $9-10 billion is planned for airports, where it is already the largest private operator.

Its foray into the cement sector with the acquisition of ACC and Ambuja Cement entailed $10 billion investment.

It is foraying into the petrochemical business with plans to set up a 1 million tonnes per annum PVC manufacturing facility at an investment of $2 billion and would enter the copper sector with a 0.5 million tonnes a year smelter at an investment of $1 billion, he said.

The healthcare sector foray that will include insurance, hospitals and diagnostic and pharma would see an investment of $7-10 billion, with some coming from Adani Foundation.

“Whatever you see, it might look like it has just happened in the last one or two years, but in reality what we have done, both GSA (Gautam Shantilal Adani) and myself discussed this in 2015,” Singh said.

The group’s market capitalisation was around $16 billion in 2015 and it is $260 billion in 2022 — a surge of over 16x in seven years.

“Given what we had as a set of companies, we believed that if we had assets and companies of that type we should really be a $1 trillion group. So we went through the steps that we needed to take to get to the point,” he said.

There are only a handful of companies that are valued at trillion dollars or more. These include Apple, Saudi Aramco, Microsoft, Google’s parent Alphabet and Amazon.

Singh said the Adani group has set about building its infrastructure and logistics portfolio in a manner that it could emerge as the top five globally and not just India’s No. 1 player.

“Look at Adani Ports, Adani Transmission, Adani Total Gas, Adani Power, combined when you look at these businesses, these businesses are in total infra and utility portfolio was formed by four core portfolios,” he said.P