The air of the deal with China was stunned by this claim of Adani Group

Adani group on tie-up with chinese company byd: The Adani Group has dismissed the media report outright, claiming that it is exploring the possibility of alliance with Chinese companies BYD and Beijing Velion New Energy Technology in the field of battery manufacturing and clean energy technology. Adani Enterprises Limited, the leading company of Adani Group, clarified to the stock market on Monday that the news of Chinese companies on Monday clarified the news and the news Are wrong.

In a statement, the Adani Group clearly stated, “The Adani Group is not exploring any kind of cooperation with BYD for battery manufacturing in India. Similarly, we are not discussing any kind of partnership with Beijing Velion New Energy Technology.”

Reports were rejected by Adani Group

The statement further stated that in some reports it was claimed that the group chairman Gautam Adani is “leading the discussion” with BYD officials to carry forward his efforts in the field of battery and clean energy in India.

However, the Adani Group already has a huge portfolio of clean energy, from solar module construction to wind power equipment and green hydrogen. The group is increasing its solar module construction by 10 gigawatt per year and wants to almost double its wind turbine manufacturing capacity to 5 GWing per year. The group is also considering setting up a feature for the manufacture of the electrolyzer used in the production of green hydrogen.

1000 billion investment target in next 5 years

Significantly, the Adani 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 a complete change in the infrastructure of the country. The business of Adani Group is spread over 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 aerospace, defense, data center and real estate areas.

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