Gautam Adani, Chairman of the Adani Group, announced on Tuesday that the conglomerate will invest more than USD 75 billion in energy transition initiatives over the next five years. He made the statement while addressing the centenary celebrations of IIT (ISM) Dhanbad.
Adani told the graduates that they are entering an era of unprecedented opportunity, driven by a global green-energy shift that is set to become the world’s biggest industry in the coming decades. “This transition will power electricity-driven manufacturing, green steel, green fertilisers, hydrogen ecosystems, and the essential infrastructure supporting AI and digital economies,” he said. “That is why we are committing over USD 75 billion to energy transition over the next five years.”
Highlighting the Group’s ongoing infrastructure projects, Adani said work is underway on what will become the world’s largest renewable energy park at Khavda in Gujarat, covering 520 square kilometres. With the first 10 GW of capacity already operational, he noted that the company is on course to deliver the world’s lowest-cost green electron, setting what he described as a global benchmark in clean-energy transition.
The Khavda renewable energy park, he added, is expected to reach full capacity by 2030, producing 30 GW of green energy—enough to power more than 60 million Indian homes annually.
Adani also emphasised the growing strategic importance of critical minerals, stating that rare earths, lithium, copper, silicon and uranium form the foundation of both the clean-energy revolution and the advancement of next-generation technologies. Underscoring the central role of mining in this transition, he argued that every AI chip, hyperscale cloud system and neural engine relies on resources extracted from the earth, challenging the perception of mining as merely an “old economy” sector.
“Rare earths without which no magnet turns and no wind turbine spins; lithium without which batteries cannot function; copper that forms the pathways for electrons; silicon essential for harvesting sunlight; and uranium, critical for the baseload of a net-zero civilisation,” he said. “The truth is that every AI chip that computes, every cloud that connects, and every neural engine that learns originates from the depths of the earth.”
“People may call mining the old economy, but without it, there is no new economy,” he added.
Adani stressed that mining, minerals and earth sciences are fast becoming crucial pillars of India’s national capability, sovereignty and sustainability. “This is why I believe these sectors now represent the new frontiers of Bharat’s strength,” he said.
