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Adani Group to partner Softbank, Foxconn for solar projects

By Religare

The Adani Group has said that it is in talks with Japan's Softbank and Foxconn to secure investment in a USD 3 billion project to make solar cells and panels in the country, media reported.

As per reports, Softbank, Foxconn and Bharti Enterprises have already committed to invest about USD 20 billion in solar projects in India. A new deal with Adani is expected to boost the Indian Government's efforts to promote manufacturing in India.


Commenting on the issue, an Adani Group Official told the media, "Over the past few weeks, the billionaire founder of the mines-to-power Adani Group, Gautam Adani, had held talks with Softbank Chairman Masayoshi Son and Foxconn head Terry Gou."

"(Adani) are talking to Softbank, they are talking to Foxconn. They may partner with both of them. Something will be finalised in the coming few months," he added.

Meanwhile, shares of the company were trading at Rs 86.85 a piece, up 1.34 per cent from the previous close at 10:55 hours on BSE.

Story first published: Thursday, August 20, 2015, 12:30 [IST]
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