Adani Group Denies Partnership with Chinese Battery Firm BYD

Adani Group has categorically rejected the media report which claimed that it is exploring the possibility of alliance with Chinese companies BYD and Beijing Weilian New Energy Technology in the field of battery manufacturing and clean energy technology. Adani Enterprises Limited, the flagship company of Adani Group, clarified in a notice given to the stock market on Monday that the reports of alliance with Chinese companies are baseless and false.

What Adani Group Said on BYD and Beijing Weilian

In a statement, Adani Group clearly stated, "Adani Group is not exploring the possibility of any kind of collaboration with BYD for battery manufacturing in India. Similarly, we are not in any discussion for any kind of partnership with Beijing Weilian New Energy Technology." Adani Group dismisses reports

The statement further said that some reports claimed that group chairman Gautam Adani is "personally leading discussions" with BYD officials to further their efforts in battery manufacturing and clean energy in India.

Adani Group’s Current Focus in Clean Energy

• Solar Module Manufacturing (target: 10 GW annually)

• Wind Power Equipment (target: 5 GW manufacturing capacity)

• Green Hydrogen (considering setting up electrolyzer plants)

• Battery Storage, EV Charging Stations, LNG, CNG, PNG, and Hydrogen Trucks

However, Adani Group already has a vast portfolio of clean energy, from solar module manufacturing to wind power equipment and green hydrogen. The group is expanding its solar module manufacturing to 10 gigawatts per year and wants to almost double its wind turbine manufacturing capacity to 5 gigawatts per year. The group is also considering setting up a facility for manufacturing electrolysers used in the production of green hydrogen.

₹1 Lakh Crore Investment Plan Over 5 Years

• Renewable and thermal power generation

• Transmission and distribution

• Cement manufacturing (2nd largest in India)

• Aerospace and defense

• Data centers and real estate

It is worth noting that A Group has set a target of capital investment of 1000 billion (1 lakh crore) in the next five years. It is believed that this will bring about a radical change in the country's infrastructure. Adani Group's business is spread across thermal and renewable power generation, transmission, distribution, LNG, PNG, CNG, LPG, battery storage, hydrogen trucks, EV charging stations, pumps, hydro and mining. Additionally, it is India's second largest cement manufacturer, and is also active in the aerospace, defense, data center and real estate sectors.