On Tuesday, chairman Gautam Adani said the Adani group would invest $70 billion in green energy transition and infrastructure projects, calling for a “dramatic reshaping of India’s energy footprint”.

“The best testament to our confidence and belief in the future is our investment of $70 billion to facilitate India’s green transition. We are already one of the largest solar developers in the world. Our strength in renewable energy will be greatly enhanced. Our ability to make green hydrogen the fuel of the future,” he said at the annual general meeting of the group’s flagship company, Adani Enterprises.

The group is leading India away from its reliance on imported oil and gas and one day becoming a net exporter of clean energy. “This shift will help significantly reshape India’s energy footprint. While we now have a major global renewable energy portfolio, we have also made significant progress in several other industries over the past 12 months.

In one fell swoop, it became the largest airport operator in India. Around these airports we operate today, we are committed to developing an aviation metropolis and creating localised community economic hubs,” Adani said.

The billionaire said his group is building India’s infrastructure, winning some of the biggest road contracts and expanding its market share in ports, logistics, transmission and distribution, city gas and piped gas. “Our successful Adani Wilmar IPO made us the largest FMCG company in the country. Following the acquisition of Holcim’s assets in India, which included two of the country’s best-known brands – ACC and Ambuja Cement – we are now India’s second largest cement manufacturer.

This is a classic example of an adjacency-based business model in our work. Furthermore, we have entered sectors ranging from data centres, super digital applications and industrial cloud to defence and aerospace, metals and materials – all in line with the government’s vision for Atmanirbhar Bharat,” Adani said.

Adani said he would turn 60 this year, which is also the 100th birthday of his father, Shantilal Adani. “To mark this milestone, the Adani family has decided to donate Rs 60,000 crore to charities related to healthcare, education and skills development, with a special focus on rural India,” he said.

“These three areas should be seen as a whole, not separately because together they form the driving force for an equitable and future-oriented India. We in India have a chance to permanently lift tens of millions of people out of poverty. We should not do this not only to ourselves but to our country,” Adani said. He said the group’s market cap rose to $200 billion, and the group raised billions of dollars from international markets – a direct testament to India and Adani’s growth story “Our growth and success has been recognised worldwide. Some foreign governments are now approaching us to work in their regions and help build their infrastructure.