Adani Shares In Focus After Gautam Adani Says Adani Port Operations Will Be Carbon Neutral By 2025

Adani group shares grabbed the spotlight on Friday after the Group Chairman Gautam Adani said that all its port operations will be carbon neutral by 2025. The group's target for net-zero port operations is 2040. The billionaire shared his plans and climate initiatives for the Adani group firm Adani Ports and Special Economic Zone (APSEZ), in the backdrop of COP28.

"By 2025, we will set a national benchmark being the only carbon-neutral port operations and be Net Zero for APSEZ by 2040. Our climate-friendly transformation includes electrifying all cranes, switching all diesel-based Internal Transfer Vehicles to battery-based ITVs, and installing an additional 1000 MW of captive renewable capacity," said Gautam Adani in a post on X (formerly Twitter).

"Our dedication to protecting the environment is also reflected in our expanding mangrove plantations, aiming for a remarkable 5000 hectares by FY 25. This is yet another step towards a greener future and further testament of our commitment to climate stewardship," he added.

The Adani group chairman also mentioned that the Indian conglomerate is pledging mangrove plantations in about 5,000 hectares by the financial year 2024-25.

Meanwhile, on Thursday, in his another social media post, Gautam Adani said his conglomerate is setting up the world's largest green energy park in the Rann of Kutch desert area in Gujarat, covering a vast 726 sq km land mass. The park is expected to generate 30 GW to power over 20 million homes.

The share price of different Adani group firms which traded higher in the early morning gave up the losses in the intraday trade.

Adani Share Price Update December 8:

Adani Ports shares traded 1.77% lower at Rs 1021.10 per share at 12:09 pm IST. The share price of Adani Enterprises was down 1.71% at Rs 2837.00 per share, Adani Green Energy share price fell as high as 5%, while the share price of Adani Total Gas was up 0.17% at 1161.00 points. Adani Total Gas shares touched the upper circuit of Rs. 1159.00 on Thursday.