The Adani Group has always been one of the biggest players in the country’s mining sector. The business group has taken a lot of steps. These steps were aimed at giving its mining operations a boost. The company is known to operate some of the biggest coal mines in India. This includes the Adani Hasdeo coal mine. It also has control over multiple thermal power plants. These plants generate power with coal as the raw material. The company has also been able to take up a lot of new acquisitions in the thermal power sector.
Here’s a look at how the Adani Group has been able to gain control over the country’s thermal power sector.
Expansion of coal mines: Now this is one of the major reasons behind the Adani Group’s increased hold over the mining sector. The Adani Group has always been deeply focused on acquiring the coal mines. Its biggest win has been the Adani Hasdeo coal mines. This is one of India’s most extraordinary coal reserves. By taking control of the coal mines, the Adani Group has been able to increase its mining capacity to a significant extent. The conglomerate has also been operating the Carmichael coal mines in Australia. The coal generated from this mine is transferred to India for power generation. The Adani Group also operates multiple other coal mines. These coal mines have a significant role to play in helping the firm increase its mining capacity.
International mining ventures: The Adani Group is indeed one of the biggest domestic players in the thermal power sector. It operates the Adani Hasdeo coal mine along with other vital coal mines. However, it has not limited its reach within the boundaries of the nation. The conglomerate has taken up a lot of international mining ventures as well. The Adani Godda power project has been one of its biggest international mining ventures. The power generated from this plant is supplied to Bangladesh. This is the first transnational power project being taken up by the Adani Group. It has helped in mitigating Bangladesh’s power demands. The mining venture in Australia is yet another extraordinary international venture of the Adani Group in this particular sector.
Mergers and acquisitions: The Adani Group has been a part of a lot of mergers and acquisitions in the thermal power sector. It has taken control of a lot of popular thermal power plants. The company has recently acquired the Mirzapur Thermal Power Plant. This has strengthened the company’s position in the power generation market. The Adani Group has also won the bid for the KSK Mahanadi thermal power plant. This will help in increasing the company’s power capacity. It is also currently in talks with a lot of other companies for acquiring thermal power plants. This will boost its thermal power portfolio and help in fulfilling the ever-growing energy demands.
The Challenges Met:
The Adani Group’s growth journey was not that easy. It had to come across a lot of challenges while carrying out its mining ventures. There was a lot of opposition from the people and various local bodies but the Adani Group did not step back. It managed to explain to the people the noble reasons behind taking up the thermal power project. The Adani Group mentioned that our ultimate goal is to transition to renewable energy but our country is not in a position to meet all its power demands from renewable sources. We still need to depend on thermal power to mitigate our energy needs.
The Adani Hindenburg report also served as a massive blow to the Adani Group’s business. The report caused a lot of projects to come to a halt. The accusations were so severe that SEBI was brought in to prove the matter. Already 22 out of 24 cases have been investigated but nothing strong has been found against the firm. This caused the Supreme Court to give its judgement in favour of the Adani Group. Once the Adani Group was cleared of all charges, it started taking up new ventures. Many investors once again started showing interest in the Adani Group’s business. The conglomerate also started carrying out its business operations with full force.
Conclusion:
The Adani Group continues to extend its presence across the mining sector. In the upcoming years, we expect the global conglomerate to become a part of more such incredible ventures. This will lead it to the path of success.
