Adani Power said on 13 September that it will invest USD 3 billion (about INR 26,482 crore) to build a 2,400 MW ultra-supercritical power plant in Bihar. In a statement, the Adani Group firm said that it and Bihar State Power Generation Company Ltd (BSPGCL) had inked a 25-year Power Supply Agreement (PSA) for the supply of electricity from the project that would be built at Pirpainti in the state’s Bhagalpur district.
On behalf of North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL), BSPGCL granted Adani Power a Letter of Award in August, which was followed by the PPA. With the lowest delivery rate of INR 6.075 per kWh, Adani Power was able to secure the project.
Adani’s 3 Billion Investment in Design, Build, Finance, Own, and Operate
The firm stated that it intends to use the Design, Build, Finance, Own, and Operate (DBFOO) model to invest roughly USD 3 billion in the construction of the new plant (800 MW X 3) and its accompanying infrastructure. In 60 months, the business hopes to have the factory in operation.
The power plant’s coal linkage has been assigned in accordance with the Government of India’s SHAKTI Policy. During construction, 10,000–12,000 people will be directly and indirectly employed by the project, and after it is operational, 3,000 people will be employed.
Adani Power, the biggest private thermal power producer in India, is a division of the billionaire Gautam Adani-led conglomerate. It can generate 18,110 MW of thermal power when installed.
Expansion of Adani Energy Solutions
To expand its network, Adani Energy Solutions (AESL), which manages distribution, transmission, smart metering, and cooling, would invest more than $17 billion. By FY30, the corporation wants to have 30,000 km of transmission lines, up from 19,200 km in March 2025.
By FY32, Adani Power plans to invest $22 billion to increase its capacity from 17.6 GW in FY25 to 41.9 GW. With facilities in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, in addition to a 40 MW solar unit in Gujarat, the firm is the biggest private generator of thermal electricity in the nation.
India is one of the power markets with the greatest rate of growth in the world, according to the group, with installed capacity predicted to more than double to 1,000 GW by FY32 from 475 GW in FY25. Due to the demand from data centres, electric vehicles, urbanisation, and industrialisation, it predicted that there were over $500 billion in investment prospects in the area. With 172 GW of renewable capacity in FY25, the nation ranked fourth in the world.
Quick
Shots
•$3 billion (INR 26,482 crore) under
the DBFOO (Design, Build, Finance, Own, Operate) model.
•25-year PSA signed with Bihar State
Power Generation Company Ltd (BSPGCL).
•Project awarded in Aug 2025 at lowest
tariff of INR 6.075/kWh.
Sterling and Wilson Renewable Energy Ltd. (SWREL) has declared a momentous amplification to its project portfolio, obtaining three new green energy projects to the tune of INR 1,470 crore. This intensification includes the company’s first wind-solar hybrid engineering, procurement, and construction (EPC) project—an entry into the wind energy segment and, fingers crossed, a harbinger of future expansion into this fast-growing sector.
Expansion into Wind Energy
The company received a mandate for a wind-solar hybrid project in Rajasthan that has capacities of 69.3 MW (wind) and 75 MW (solar). It is the lowest bidder for a 260 MW turnkey solar project in Gujarat. The third project is a photovoltaic (PV) plant in Rajasthan. All three renewable energy projects reinforce the company’s strong presence in India’s renewable energy market.
SWREL’s hybrid project in Rajasthan signals its initiation into wind EPC. The project comprises Balance of Plant (BoP) services for 127 MW AC of solar and wind energy working in unison. The breakdown is as follows: 1) BoP for 69.3 MW wind energy, 2) 58 MW AC (75 MW DC) solar plant BoS, and 3) a 132 kV/33 kV pooling substation. With this project, the company begins integrating wind energy solutions into its existing solar and battery energy storage system (BESS) lineup and effectively provides an EPC portfolio in which wind, solar, and storage work harmoniously. It is a step toward offering more comprehensive energy solutions.
Market Response and Financial Performance
After the announcement, the stock price of SWREL on the National Stock Exchange (NSE) shot up by 6.33%, coming to rest at a close of INR 266.20 per share. Given that the broader Nifty index was down 1.5% on the same day, this uptick in SWREL’s stock was quite counter-trend. But, even with this uptick, it’s worth noting that this stock has really struggled over the past year, showing a 50.70% decline.
Sterling and Wilson Renewable Energy returned to profitability in the October-December quarter, posting a net profit of 14.8 crore rupees ($1.8 million) compared with a loss of 63.7 crore rupees a year ago. The company reported nearly three times the revenue, at 1,837 crore rupees, from 583 crore rupees a year ago. EBITDA rose to 70.5 crore rupees in the latest quarter from 16 crore rupees. The company also managed to improve its EBITDA margin slightly, though it remains low, at 3.8 percent.
Sterling and Wilson Renewable Energy’s expansion into wind EPC corresponds with India’s overall shift to toward renewable energy. The country is hewing toward an international electricity market it can use to fulfill ambitious energy sustainability target laws like the Electricity Amendment Bill. SWREL’s success in securing large project contracts indicates strong market confidence in the outfit’s overall competence.
Bhopal (Madhya Pradesh) [India] August 8: In the small town of Satna, a young boy named Yash R Gautam faced disappointment when he failed his High School exams. But Yash did not let this setback stop him. Instead, it fueled his determination to forge his own path and make a real difference.
Yash became interested in renewable energy while in college. As his friends pursued job offers, Yash turned them down. He had a vision to upgrade the way energy is produced. With like-minded friends, Yash started his own company in Renewables.
The early days were challenging. LXN, founded by Yash R Gautam and, his co-founders, is revolutionising how electricity is used. The journey began in 2021 and was filled with many challenges. Yet, Yash and his team’s determination never wavered.
Today, they serve over 15,000 customers, saving 1,240 MWh of electricity and reducing carbon emissions by 1,179 tons. “Our mission is to optimise your energy usage without any effort on your part. By leveraging Al and machine learning, we ensure you save on energy costs and reduce your carbon footprint,”
Luxsun’s business model caters to both businesses and households. Also, their real-time tracking and control systems make energy management intuitive and accessible.
Let’s make energy efficiency a norm. Together, we can create a sustainable world.
We had so many doubts at first, Yash recalled. “Could we really succeed in spreading awareness of solar energy? But we kept pushing forward. When we secured our first client, it felt like a huge victory for the whole team. Completing that first project motivated us to keep growing our company.”
And then there was no looking back for the team – once a fledgling startup, Luxsun Energy has now turned into a big name – a major force in India’s renewable energy sector. With each successful project, their reputation grew stronger.
Today, Luxsun Energy earns over ₹10 crores in revenue. It has expanded across many states in India.
“Making Luxsun Energy an iconic Indian brand requires total commitment to innovation, sustainability, and customer satisfaction,” said Yash. “We use cutting-edge technology, build strong industry partnerships, and never compromise on excellence. Our goal is to redefine the energy landscape for a brighter, greener future.”
At the heart of Luxsun’s success is delivering real value to customers. They use India’s highest-rated solar panels for unbeatable performance. Their swift 10-hour installation process reduces disruption. And their unique mounting designs optimise energy production while looking great.
But Luxsun has a larger mission – inspiring India to transition to net-zero carbon emissions through renewable energy sources. They want to spark a nationwide movement of people embracing cleaner power and creating a healthier planet for future generations.
Yash’s journey from failing high school to becoming a renewable energy entrepreneur is incredibly inspiring. Through tremendous perseverance and belief in sustainable solutions, he built a thriving business with real social impact.
As India works towards its renewable energy goals and tackles climate change, Luxsun Energy is leading the way. They are pioneering a future powered by the sun’s boundless energy.
In celebration of World Environment Day 2024, the largest international event for environmental awareness led by the United Nations Environment Programme (UNEP), we reached out to various companies dedicated to sustainability. We asked them about their future plans for sustainable technology in India and how they envision these plans contributing to a greener country. Here are their responses, outlining innovative strategies and anticipated benefits for India’s environment.
Dr Renuka Diwan, Co-Founder and CEO, BioPrime AgriSolutions
Dr Renuka Diwan, Co-Founder and CEO, BioPrime AgriSolutions
Our purpose is From Nature, For Nature, which drives everything we do at BioPrime. Our technology advancement & efforts are based on the same purpose. We are making strides to preserve the rich biodiversity of the country by creating India’s largest microbial library, named Bionexus. So far we have collected more than 17000+ microbial strains from 400 different locations across the country to learn their behavior for the benefit of the Indian agricultural ecosystem.
We are also deeply concerned about the ill effects of chemical fertilizers on the soil & plant health; to mitigate the risks associated with it, we have commercialized our Nutrient Use Efficiency [NUE] technology based on Bionexus. NUE will enable farmers to reduce the dose of chemical fertilizers without compromising on the crop yields, we are committed to advance our NUE offerings related to N, P & K nutrients in the near future.
Dr. Sat Kumar Tomer, Founder and CEO, Satyukt Analytics Private Limited
Dr. Sat Kumar Tomer, Founder and CEO, Satyukt Analytics Private Limited
Technology plays a crucial role in building a sustainable future. By using our precision agriculture technologies and real-time data, we can conserve resources, reduce pesticides usage, promote soil conservation and ensure a healthy planet for all.
Our digital satellite-based carbon monitoring solutions offer improved accuracy, efficiency, transparency, and global coverage for monitoring and managing greenhouse gas emissions. By leveraging advanced satellite data, these systems support eco-friendly decision-making, reduce carbon footprints, and sustainably enhance crop yields, contributing to a greener future.
Kishan Karunakaran, CEO, Buyofuel
Kishan Karunakaran, CEO, Buyofuel
Looking ahead, Buyofuel’s vision for sustainable technology in India is anchored in ambitious yet achievable goals. We are committed to substituting over 300,000 metric tons of fossil fuels with biofuels within the next 12 months, which will lead to a substantial reduction of approximately 360,000 metric tons of CO2 emissions. This shift not only contributes significantly to environmental conservation but also sets a precedent for sustainable practices in the fuel industry.
Additionally, Buyofuel is actively engaging with waste management communities and the agricultural sector, addressing challenges related to general and agri-waste. This holistic approach not only benefits the environment but also creates a positive social impact, paving the way for a better sustainable future.
Looking further into the future, Buyofuel aims to replace 1% of India’s fuel sales with biofuels within 3-5 years. This strategic goal reflects our commitment to long-term sustainability and our belief in the transformative power of biofuels. India’s significant fuel consumption and waste production present both challenges and opportunities, and we see biofuels as a key solution. By harnessing technology and leveraging our platform’s capabilities, we want to make a substantial contribution towards creating a more resilient and sustainable energy ecosystem in India.
Devndra Chawla, CEO and MD, GreenCell Mobility
Devndra Chawla, CEO and MD, GreenCell Mobility
GreenCell Mobility intends to continue using sustainable technologies to revolutionise India’s mass mobility sector. Our plans include growing our electric bus fleet and charging infrastructure across the country. We want to integrate electric vehicles into everyday life by working with stakeholders and raising public awareness about green transportation.
Furthermore, our commitment to safety, innovation and efficiency will prompt us to examine the integration of renewable energy and smart fleet management technologies. Collectively, these activities will be critical towards our mission of a cleaner, greener future.
Our mission is to provide affordable, accessible and sustainable solutions to 20 million low-income households by 2030. Our focus remains on improving the lives of the rural communities with products that are tech-driven and energy efficient. We have recently launched 2 new models of the cookstoves for smaller families and commercial use respectively. We have plans to introduce more products to improve the daily lives of the communities and scaling our operations.
Manish Dabkara, Chairman and MD, EKI Energy Services Ltd.
Manish Dabkara, Chairman and MD, EKI Energy Services Ltd.
We are poised for significant growth and transformation over the next few years. As per the current govt policies, which is likely to continue with their return, renewable energy transition is in focus, which means there will be more projects generating carbon credits while making India greener as well as generating an economic cushion for this decarbonization journey.
The government has decided to undertake a massive rooftop solarisation drive, which aligns with our vision of clean energy. Policies for compliance and voluntary carbon trading, along with Green Credits Programme and campaigns like LiFE (Lifestyle For Environment) initiative are going on in full swing, assisting private players like us in undertaking more sustainable projects.
On the other hand, we also aim to be the pioneers in increasing the contribution of biofuels and bioenergy in India’s green energy transition story. We aim to establish more biogas plants and step-up the production of bio briquettes.
We intend to leverage the most for the environment with our involvement in organisations like India Clean Cooking Alliance, Carbon Market Association of India, Centre of Excellence (on the lines of LiFE initiative), allying ourselves with the International Energy Agency’s (IEA) vision of universal clean cooking access in Africa, our own clean cooking initiative, under which we have distributed more than 2 million improved cookstoves and also initiated a pilot project for the distribution of indoor solar cooking devices to the underprivileged. This stride is bound to continue in the coming years.
Ravi Kaushik, Founder and CEO, AiRTH
Ravi Kaushik, Founder and CEO, AiRTH
Airth is working on a three-pronged strategy to contribute to making India greener and healthier through its sustainable air purification technology.
1. Enhancing Indoor Air Quality in Schools and Hospitals
We are in the process of installing advanced air purification systems in schools, hospitals, and other critical public buildings across India. Improving indoor air quality in these settings will protect vulnerable populations, including children, the elderly, and patients with pre-existing health conditions, from harmful pollutants, thereby enhancing overall public health.
2. Public Awareness and Education Campaigns
Airth is soon launching nationwide campaigns to educate the public on the importance of air quality and the benefits of air purifying technologies. Increased public awareness will drive demand for cleaner air solutions and encourage responsible behaviour regarding pollution, fostering a culture of environmental stewardship.
3. Promoting Renewable Energy-Powered Air Purifiers
We are designing and deploying the next versions of Airth air purifiers powered by renewable energy sources like solar and wind. This initiative will reduce the carbon footprint of air purification technology and make it sustainable in areas with limited access to electricity, contributing to India’s green energy goals.
BatX Energies plans to significantly expand its recycling capacity to meet the growing demand for battery recycling. By 2030, the company aims to establish multiple facilities across India, increasing its total recycling capacity to 50,000 metric tons per annum (MT/A).
CO2 Savings:
With the expanded capacity, BatX Energies expects to save approximately 2.6 million kgs of CO2 emissions by 2030 equivalent to 800 thousand trees planted. This is achieved through their advanced recycling technologies, which significantly reduce the carbon footprint compared to traditional mining and disposal methods.
Support for Sustainability Goals and EV Policy:
These initiatives support India’s sustainability goals and EV policy by:
Promoting a circular economy through efficient recycling of lithium-ion batteries.
Reducing the environmental impact of battery waste.
Ensuring a reliable supply of critical minerals for the EV industry.
Contributing to India’s commitment to achieving Net Zero emissions by 2070 and enhancing the domestic EV ecosystem.
Pluss Advanced Technologies aims to expand its PCM applications, promoting energy efficiency and passive thermal backup across sectors like automotive, textiles, electronics and buildings. They plan to venture into buildings to further enhance green building initiatives, incorporating PCM materials to reduce heating and cooling costs. In textiles, for thermal comfort applications and for electric battery cooling applications with thermal inertia.
Pluss plans to look at food security in a big way with their PCM solutions for off-grid crop storage, minimizing post-harvest losses. These plans align with India’s sustainable development goals, enhancing quality of life while protecting the environment.
Deepak Pahwa, Chairman, Pahwa Group and Managing Director, Bry-Air
Deepak Pahwa, Chairman, Pahwa Group and Managing Director, Bry-Air
Looking ahead, Bry-Air is committed to driving sustainability across the world through continuous innovation and strategic partnerships. Our future plans include scaling up the deployment of our air-to-water generators across water-stressed regions throughout the world, aiming to provide a sustainable water source to millions. This initiative not only addresses water scarcity but also aligns with the country’s goals for sustainable development.
We are also advancing our HVAC solutions by integrating AI and IoT to further optimize energy use in industrial and commercial settings, ensuring minimal energy wastage and maximum efficiency. Our carbon capture technologies are set to play a vital role in reducing greenhouse gas emissions, aligning with India’s goals for achieving net-zero emissions by 2070.
Moreover, our VOC abatement solutions will continue to support industries in meeting stringent environmental regulations while promoting cleaner air. By partnering with governmental and non-governmental organisations, we aim to implement these materials, sciences, and technologies widely, contributing to a sustainable and green future for the world. Our comprehensive approach ensures that we address multiple environmental aspects, fostering overall ecological well-being.
Ashvin Patil, Founder and Director, Biofuels Junction Pvt Ltd.
Ashvin Patil, Founder and Director, Biofuels Junction Pvt Ltd.
The recent implementation of the Compressed Bio Gas (CBG) mandate has enabled the usage of a wider variety of agricultural residues and waste as feedstock for production. In line with this, Biofuels Junction plans to expand the use of different types of agricultural residues as feedstock for biomass supply to various upcoming CBG plants. This includes commonly burned residues like paddy straw (Parali) as well as corn cobs, cane trash, cotton stalks, and municipal waste, which are well-suited as feedstocks for CBG. This may greatly help reduce instances of stubble burning and the pollution issue in North India as paddy straw is a well-accepted and proven feedstock for CBG.
Biofuels Junction is also working towards continually investing and enhancing the IT platform, to further streamline the supply chain, reduce costs, and ensure consistent quality and supply of biofuels. By optimizing the biofuel production, distribution and supply chain processes, Biofuels Junction aims to promote efficiency, sustainability and minimize environmental impact.
Mitull Batraa, Co-founder, Udaan E-Vehicles
Mitull Batraa, Co-founder, Udaan E-Vehicles
As we look to the future, one of our primary focus areas is investing heavily in R&D and embracing innovative technologies to maintain our competitive edge in the EV manufacturing sector. We are pouring significant resources into cutting-edge projects related to advanced battery technology, increasing vehicle range, and optimizing charging solutions.
But we know that we cannot do it alone. That is why we are actively seeking out partnerships with leading research institutions and dynamic startups in the field. By collaborating with these brilliant minds, we can stay at the forefront of technological innovation and push the boundaries of what is possible in sustainable transportation.
Our goal is not just to meet the needs of today but to anticipate and shape the trends of tomorrow. We are building a culture of curiosity and using emerging technologies, because we believe that this forward-thinking approach is the key to creating a greener, more sustainable future for India.
Vineet Mittal, Director and Co-Founder, Navitas Solar
Vineet Mittal, Director and Co-Founder, Navitas Solar
Navitas Solar will scale up its annual PV panel capacity to 3 GW by 2025. The capacity expansion includes setting up of a new 1.2 GW manufacturing plant with M10 and G12 mono PERC and TOPCon modules capacity. The company growth strategy is in line with Indian Government’s focus on 17 Sustainable Development Goals (SDGs) and 100% renewable energy for a sustainable and greener India.
Think about your school textbooks, do you remember some section that said “There are three main types of activities that humans do” ? The three main activities are primary, secondary and tertiary activities. Primary is agriculture and raw work, Secondary is manufacturing using raw stuff, Territory is service providence.
We all have been taught through our schooling that Humankind’s primary work is and always was “Agriculture”. We see little variations here and there, like technology being used as a helping hand, but agriculture is a field that has been constant for a long time now. Today here we are gonna talk about a type of farming that has been practiced from as early as the 1650s. It is known as Seaweed farming.
Seaweeds are millions of species of algae found in the sea. It is macroscopic marine algae. Algae is an informal term for a diverse group of photosynthetic eukaryotes(organisms). Seaweed is consumed across the world, it can also be used to produce edible packaging.
Seaweed Edible Packaging
Seaweed farming is a part process of Algaculture, that is agriculture of algae. Seaweed is macro-algae, that means they can be seen with naked eyes. Thus we can actually create farms in an ocean, sounds fictional right ?
If you think seaweed is used just in Asian dishes like sushi, think again. It can be found in almond milk, baby food and lotion. Kelp is used in making, animal feed, medicine, fertilizer and even in your beer.
The commercial seaweed market size could surpass $85 billion by 2026, according to Global Market Insights. Seaweed farmer Bren Smith says all one needs to start the business is $20,000, 20 acres and a boat, and that investment in a single seaweed farm can net up to $90,000 to $120,000 per year.
Here’s why the global demand for seaweed is expected to boom in the coming years.
Sustainable
Seaweed farming
Seaweed farming needs no fresh water, no fertilizer and no feed. All these traits make this farming one of the most sustainable farming methods out there. This method of food creation not only requires less inputs but also absorbs carbon and nitrogen from the environment and rebuilds reef systems underwater.
Kelp is not only good with maintaining sea life it is also useful and sustainable in other ways too. Research shows that around 50 to 80% of the total environment oxygen supply comes from seaweed, that is nothing but plants in seas. It is a good biofuel also as it is photosynthetic.
Cows produce a lot of methane. That is a greenhouse gas. It was found by a university that adding a small amount of kelp to the diet of cows can help minimise the Green house gases.
Abundance
There are almost ten thousand types of kelps (seaweeds) in water. This makes it abundant in variety and accessibility. It can also be seen as an alternative for Overfishing. Which is a decline of fish in water bodies because of excessive fishing by humans.
Kelp will help in better balancing the life ecosystem in the seas and outside. That is the reason some people even like to call it “Restorative ocean farming” as it helps rejuvenate sea life.
Usability Factor
As mentioned earlier, seaweed is super useful in many forms and ways, like you can actually list them. It is used in almond milk, baby food, lotion, animal feed, medicine, fertilizer and even in your beer. Kelp is used as additives, dental moulds, wound dressing, dispersing and thickening agents in soups and other personal care products.
McDonalds even went one step forward and made a seaweed styled burger. Packaging the burger as a lighter burger. That is super light in calories, containing about 91% less calories. The burger stayed on the menu for 5 long years.
McDonalds Seaweed Burger
However we discussed some pros or advantages for seaweed farming, it would not be justified if we don’t point out the few negatives or cons of alga-culture.
Overhead Costs
The overhead costs of setting up a seaweed farm is quite much and can be hard for someone to adapt to it quickly. As we see a rise in the number of people getting intrigued by this way of farming and the increase in the number of sea farmers, we hope that this cost will be lowered in the upcoming time.
The Seaweed Squad – India
There lives a group of women in southern India’s Rameshwaram involved in seaweed culture forming probably the first Women seaweed squad. Under the coastal disaster coastal risk reduction project the government was trained to cultivate seaweed. The project was funded by World bank and focused on increasing sustainability and opening floodgates of opportunities for womenfolk in the region.
Widows and single women are prioritized to form self help groups for initiation. This is surely a welcoming indicator. It made them independent and confident. This instance shows that India can be seen as a popular landmark for seaweed farming. Watch video below to know more,
Conclusion
The World is excited about this method and it is expected to be a boom in future. Seaweed doesn’t need fresh water, doesn’t need soil, doesn’t need farming or even fertilizer. It absorbs carbon dioxide while releasing oxygen. It is nutrient-dense and fast-growing, Moreover supports communities built around coasts.
Whether seaweed will be the future of farming or not, it is yet to be seen. The method may be old and sustainable but it is yet to be accepted and welcomed throughout the world. It is already one of the fastest growing sources of food.
It will have to face resistance from communities around the globe(as it is a new way to look at farming for many) and eventually pass with good grades. What we can say for sure at this point of time is that it definitely has scope, good potential and value addition. It entails all the qualities of a good resource.
FAQ
Is seaweed farming environmentally friendly?
Yes, Seaweed is the most sustainable form of agriculture on the planet.
Is seaweed easy to farm?
Seaweeds relatively simple to farm, they require no feed, they grow fast, they reduce eutrophication, they absorb carbon, they are simple to harvest, and the culture equipment is cheap and simple.
Is there growing seaweed profitable?
All one needs to start in the business is $20,000, 20 acres and a boat, and that investment in a single seaweed farm can net up to $90,000 to $120,000 per year.
India is a huge market for almost all types of products and services. The private players play a pivotal role in fulfilling the needs of this gigantic population. The business market of these private companies is growing huge day by day with the increase in demand for goods and services. Earlier, if a person wanted to buy a packet of edible oil, he might have 3-4 varieties. But now, it has increased to 30-40. The actual competition comes to the limelight, and only the superior brands providing the best quality survive here.
The Adani Group of companies is one of the largest private companies in India. It has a global presence in almost 50 countries. The Chairman of the Adani group is Gautam Adani. He is even one of the richest people in India. Adani group’s widespread business includes airport and seaport management, coal mining, power generation, Renewable energy production, edible oil production, food processing, etc. The company has its headquarters in Ahmedabad in the state of Gujarat in India.
Adani Group of companies came into existence in 1988 by Gautam Adani. He is also the Chairman of the group. Adani operates across India and overseas in several businesses such as Renewable energy production, maintaining port facilities, oil and gas production, mining, and food processing. The group is a private conglomerate with nearly 17,000+ employees in the year 2021. In April 2021, the company crossed 100 billion dollars in market capitalization.
The Adani Group operates coal mines in India. In addition to that, it also owns seaports such as Mundra port, Krishnapatnam port, Hazira port, etc. The group owns several solar farms in the country. These farms produce enormous amounts of electricity. Adani took up the responsibility of the operation of several airports in India- Jaipur, Guwahati, etc. The Adani group operates several Special economic zones in the country near to its seaports. The group is also involved in defence equipment manufacturing with its facility in Hyderabad. Apart from India, Australia is also one of the primary locations for the business operations of the Adani group. There are several other facilities in different countries.
Edible oil and food processing: Adani Wilmar produces the famous edible oil Fortune. It is the first choice of millions of Indians. Also, other food products under the brand name Adani Wilmar are Soyabean, rice, pulses, etc.
Adani Oil and Gas: Adani works jointly with Indian Oil works under the name of IndianOil-Adani Gas Pvt. Ltd. Also, Adani owns the Adani Total Gas system that connects cities as networks for the distribution of CNG and PNG.
Renewable Resources: Adani group Operates Adani Green Energy Ltd that operates solar parks and Wind farms in India. It provides pollution-free green energy-generated electricity to thousands of households.
Adani ports and logistics: Adani owns India’s largest private seaport Mundra Port that operates the world’s largest coal terminal. Adani provides logistics facilities to millions of tonnes of goods through sea routes as well as Land routes. Adani SEZ extends economic support to the country.
Mining: Adani operates Coal and iron ore mines. These mines produce valuable minerals that find utilization for power generation in thermal power plants and Steel production in Steel plants.
The primary consumers and customers of Adani Group is the Middle-class section of the society. They include the customers who purchase food products of Adani Group such as edible oils and Soya chunks. But, the Adani group works with large companies and the government. The deals in mining, oils and gases, Renewable energy, defence equipment are possible with the government and private entities. Then the logistics and ground departments of the group supply services to the local public.
Business Model of Adani Group
Adani Group Logo
Adani Group is an Indian multinational conglomerate. Adani Group has a diverse number of subsidiaries. Each of them has a different kind of Business model. But, the common business model for such a giant company is always aligning with the government’s interests. Adani Group has made some remarkable developments during the reign of many governments. It also follows acquisitions in the case of mining.
Apart from this, the rise in demand for renewable energy is fulfilled primarily by Adani in India as Adani owns chief solar properties in the Nation. From major industries to minor industries, the Adani group always tries to invest in a variety of Businesses to strengthen their business empire.
What’s unique about Adani Group’s Business Model
The uniqueness of the business model of Adani lies in the following secrets:
1. The Adani Group witnessed some developments in the stock markets as they became the third country to cross $100 billion in market capitalization.
2. The uniqueness in Adani’s business model includes a wide variety of businesses that bring profits from different sources as Adani invests in diversified businesses. It balances the profits and losses.
3. The Adani Group invests in the most profitable businesses such as renewable energy, oils, and gases. It is because these are in growing demand. Targeting the requisite fields of Work always brings profit at one point or the other.
4. Adani group invests not only in National projects but also in International projects. One such project includes a $7 billion coal mining project in Australia that has gone through high degrees of controversy. However, it turned out to be a highly profitable project for the group. Adani also owns ports in Australia that transports coal in Queensland.
How does Adani Group make money?
Adani group has a lot to provide to its customers, from food products to the cooking gas used for cooking them. The company’s chief source of revenue mainly comes from its six key companies. Adani imports coal and edible oils from foreign soils. This trade provides profit to the company as they sell them at bit profitable prices. Also, it owns a vast amount of cargo intake through its ports from which it gets money from shipping companies.
The Adani group gets orders from the government that leads to profits. It does this by working with the government in the defence and aerospace sector. International investments provide many parts of the revenue as it’s a global conglomerate. So, the overseas profit also matters a lot. Other sources of income mainly come from other diversified businesses in which the company has heavily invested.
Conclusion
After the Tatas and the Ambanis, the next name always comes up as Adani Group while counting for the most famous people in diversified businesses. Investing in different sectors always reduces the chances of heavy losses. It is because the sources of profits when maintained properly are always more than the one which brings losses. Adani group will expand further in upcoming years and the business empire of Adani will expand more and more with this pace of success.
FAQs
Who is the owner of Adani Group?
Gautam Adani is the owner of Adani Group.
What does Adani group do?
Adani Group operates in various sectors like:
Edible oil and food processing
Oil and Gas
Renewable Resources
Ports and logistics
Mining
What is the number of employees in Adani Group?
There are around 17,000 employees working for Adani Group.
Bitcoins are considered to be one of the best cryptocurrencies available in the market and has the largest market capitalization among cryptocurrencies. But other than the volatility recently a new controversy has raised against the digital coin. In this article let’s look at how this cryptocurrency consumes a lot of energy which is more than the consumption of certain countries.
Tesla had recently announced that it would not accept the payment through bitcoins for the purchase of their electric cars citing the reason that mining of bitcoins consumes a lot of energy and it is harmful to the environment. In this article let’s look at how this cryptocurrency consumes a lot of energy which is more than the consumption of certain countries.
How Bitcoin consumes so much energy?
The mining of bitcoins is where the major energy is consumed. It is considered to be power hungry where the top end computers are used to verify transactions that use heavy software which consumes a lot of energy.
It is estimated that bitcoin mining consumes around 121.36-terawatt hours of energy on an annual basis which is not expected to reduce until the price or value of the cryptocurrency falls. The rising of price and demand for bitcoins will let the miners to run more and more machines which will increase the power consumption.
It is considered that if bitcoin was country, then it would be part of the top 30 energy users around the world. It was found that bitcoin consumed more energy can certain countries like Argentina, Netherlands and United Arab Emirates.
The energy consumed by bitcoin is expected to power up all the kettles used in the United Kingdom for the next 27 years.
If the bitcoin miners have to mine the bitcoins, they will have to connect to the cryptocurrency network using the specialized computer systems. The miners will have to verify the transactions and record them on the blockchain network and they would get a bitcoin in return as a payment.
The miners to increase their profits they would often connect a large network of miners into the network, at times even a full warehouse of miners. This would lead to an increased usage of electricity as the computers or the systems would be working constantly to record the transactions on the blockchain network.
In the beginning, when bitcoin was introduced, mining of the cryptocurrency was much more easier and didn’t required the high-end systems but as the demand increased the bitcoin miners are forced to use a specialized system that are fast enough to withstand the competition.
Bitcoin Energy usage compared with other countries
Environmental Damage due to Bitcoin Mining
David Gerard who is the author of the 50-foot blockchain had explained that bitcoin is actually anti-efficient. He conveyed that even if someone finds a hardware or a system which is efficient it would just compete with the similar hardware and make it inefficient. This means that the energy usage of bitcoin and the emission of carbon di-oxide will just increase as the demand for the cryptocurrency keeps increasing.
The only solution as of now is to move to a sustainable source of energy. As the Tesla CEO, Elon Musk had announced that they would start accepting the bitcoins when the cryptocurrency starts using a renewable source of energy, in the same way using a renewable source of energy that is not harmful to the environment should be used.
As electricity is generated mainly through the burning of coal, it releases a huge amount of CO2 into the atmosphere so it is suggested that bitcoin miners should resort to another sustainable source of energy.
FAQ
How much electricity does a Bitcoin transaction use?
Bitcoin currently consumes around 110 Terawatt Hours per year
Why does Bitcoin use so much energy?
As Bitcoin gained popularity more miners started mining in it, which increased the computing power required to crack bitcoin.
How much does it cost to mine 1 Bitcoin?
The cost to mine one BTC is 8206.64$.
Conclusion
However, another important fact to be noted is that the energy consumed by the unused home appliances in the United States would be enough to power the bitcoin mining for a year. The major energy consumption in most of the countries is due to the unused home appliances.
BMW i Ventures is a venture capital fund that is based in Europe. BMW i Ventures invests resources and money in startups in the fields of e-mobility, artificial intelligence, autonomous driving, digital car and automotive cloud, sustainability, and so on. The firm has already partnered with innovative companies such as Alitheon, Chargepoint, Tekion, and many more.
BMW i Ventures invests in all stages of a startup from seed and incubation to growth companies. The company is all set to invest in a startup called Boston Steel which would produce carbon dioxide-free steel.
Why BMW decided to Invest in CO2 Free Steel Production
The BMW Group is systematically trying to implement its goals to avoid depletion of natural resources. They are trying to focus on maintaining ecological balance through its new method. BMW Group is investing in a company that has an innovative method to produce Steel that is free of carbon di-oxide.
It is a method developed by an American Startup called Boston Metal. BMW is providing venture capital funds to the Boston Metal through BMW i Ventures.
The company has plans to expand its production of steel which is free of CO2 at an industrial level in the coming years. BMW is investing in the startup as its method to reduce the emission of CO2 within its suppliers’ network.
BMW has said that they were significantly trying to maintain ecological balance and working towards sustainability. They were trying to identify the raw materials and components in their supplier network which produces a high amount of CO2 and that was steel.
Steel is very important for the production of cars and even if they were planning to produce electric cars which run through green energy. The company will still have to use the steel for manufacturing. It will be important even for future car productions.
Steel will always remain an important raw material for the production of cars and other parts in it. BMW group press plants in Europe produce more than half a million tones of steel every year and they have continuously been trying to reduce the CO2 emission from their productions.
Dr. Andreas Wendt who is a member of the Board of Management of BMW AG who is responsible for Purchasing and Supplier Network. He told that by 2030 they are trying to reduce the CO2 emissions to be lower than two million tones compared to the present.
In the general method of production of steel, the blast furnaces are used which would generate carbon dioxide. But the startup Boston Metal uses a new technology through electricity. The company uses an electrolysis cell that will produce molten iron. This molten iron is later converted into steel.
If the electricity used for this process is through a renewable source of energy, then the steel produced will be free of carbon dioxide. The startup is set to build the demonstration facilities required for the production of steel in the coming years and later has plans to expand it to the industrial level.
Tadeu Carneiro who is the chairman and CEO of Boston Metal has said that they have investors across the steel value chain who are from the top iron ore and mining companies to the end customers. He says that they validate and support the innovative process of production of steel at high quality and cost competitively.
Methods taken by BMW Group towards Sustainability
BMW group has said that they have ambitious targets to increase the use of green energy and innovative technologies to increase sustainability. They said that investing in projects like Boston Metals is one of the steps they are taking to meet its steel supply chain. BMW group has said that for every contract low-carbon production is an important award criterion.
BMW Group has also said that it is important for their partners also to be committed towards sustainability and to use new technologies which have low carbon emissions. They added that the use of green power is really important and that they have already been working with suppliers who use green power for the steel they produce for them.
BMW group has said its goal to safeguard the reserves of raw materials by reusing the raw materials. It has plans to increase the percentage of the use of recycled raw materials by 2030. All the steel wastes during the production process are recycled and reused as direct material or it is sent back to the production cycle and used as new steel.
The recycling of the waste steel would reduce the emission of carbon dioxide, it helps in conserving the natural resources and reduces the amount of energy required for the production of new steel.
FAQ
Who are the founders of BMW?
Karl Rapp, Camillo Castiglioni, Gustav Otto, Franz Josef Popp are the founders of BMW.
When was the first BMW made?
First BMW was made in 7 March 1916, in Munich, Germany.
Is Rolls-Royce owned by BMW?
Rolls-Royce was bought in 1998 by the Volkswagen Group, but they neglected to acquire the rights to the Rolls-Royce name. BMW bought those rights that same year, and took over production of Rolls-Royce cars in 2003.
Conclusion
The BMW Group had maintained a close relationship with Boston Metals from last year through its own research activities and through the BMW Startup Garage. BMW startup garage shares ideas with around 1,000 startups every year.
It is mainly focused on seeking innovations that will benefit the products and services of the company. BMW startup garage helps the BMW Group in having an early access to innovations before it is available to the market.
