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Adani Group to invest $10 billion in US energy following Trump winTrump has vowed to make it easier for energy companies to drill on federal land and build new pipelines and law firms with strong traditional energy practices could benefit under his second administration.
Reuters
Last Updated IST
<div class="paragraphs"><p>The Adani Group logo is seen on a building.</p></div>

The Adani Group logo is seen on a building.

Credit: Reuters File Photo

Adani Group will invest $10 billion in US energy security and infrastructure projects, aiming to create up to 15,000 jobs, chairman Gautam Adani said in a post on social media platform X on Wednesday.

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The billionaire announced the investment, with no specific timeline, while congratulating US President-elect Donald Trump on his election win.

Trump has vowed to make it easier for energy companies to drill on federal land and build new pipelines and law firms with strong traditional energy practices could benefit under his second administration.

Adani Group was accused by US-based short-seller Hindenburg Research in January 2023 of improper use of offshore tax havens and stock manipulation that sparked a Rs 12,65,895 crore ($150 billion) rout in shares of the group's companies.

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(Published 14 November 2024, 01:35 IST)