Adani, Ambani race to lead mega energy transition: Bernstein Research

Bernstein says Mukesh Ambani and Gautam Adani are racing to transform Kutch's barren salt flats into the backbone of India's energy transition with massive clean power projects

India’s top business tycoons Mukesh Ambani and Gautam Adani are racing to turn barren salt flat lands in Gujarat’s Kutch desert into the backbone of India’s biggest green power push, with Bernstein Research dubbing it the “Reign of Kutch” in a report on Monday.

 

Reliance Industries Ltd (RIL) and the Adani group each holds roughly 500,000 acres in the region — enough to generate more than 100 gigawatts (Gw) of solar capacity per group, equivalent to the total installed power capacity of Japan. But the strategies of the two billionaires reflect their contrasting corporate game plans, the report said.

 

Ambani,