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Adani Group will invest $100 billion (roughly Rs. 8,14,200 crore) over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India growth story.

As much as 70 percent of this investment will be in the energy transition space, Adani, the world’s second-richest person, said as he continued to reveal bit by bit the group’s new energy plans.

The ports-to-energy conglomerate will add 45 gigawatts of hybrid renewable power generation capacity and build 3 Giga factories to manufacture solar panels, wind turbines and hydrogen electrolyser.

“As a Group, we will invest over $100 billion of capital in the next decade. We have earmarked 70 per cent of this investment for the energy transition space,” Adani, founder and chairman of Adani Group, said at the Forbes Global CEO conference in Singapore.

Starting off with a modest commodities business in 1988, the 60-year-old tycoon surpassed Jeff Bezos of Amazon, French business magnate Bernard Arnault and American businessman Bill Gates to become the world’s second-wealthiest person with a fortune of $143 billion (roughly Rs. 11,64,000 crore).

With interests spanning sea ports, airports, green energy, cement and data centres, the combined market capitalisation of the group’s listed companies is $260 billion (roughly Rs. 21,16,300 crore).

The group is already the world’s largest solar player.

“In addition to our existing 20 GW renewables portfolio, the new business will be augmented by another 45 GW of hybrid renewable power generation spread over 100,000 hectares of land – an area 1.4 times that of Singapore. This will lead to commercialisation of three million metric tonne of green hydrogen,” he said.

It will also build 3 Giga factories – one for a 10 GW silicon-based photovoltaic value-chain that will be backward-integrated from raw silicon to solar panels, a 10GW integrated wind-turbine manufacturing facility, and a 5 GW hydrogen electrolyser factory.

“Today, we can confidently state that we have a line of sight to first – become one of the least expensive producers of the green electron — and thereafter — the least expensive producer of green hydrogen,” he said.

Digital space, he said, seeks to benefit from the energy transition adjacency.

“The Indian data centre market is witnessing explosive growth. This sector consumes more energy than any other industry in the world and therefore our move to build green data centres is a game-changing differentiator,” he said.

The group plans to interconnect data centres through a series of terrestrial and globally linked undersea cables drawn at its ports and build consumer-based super-apps that will bring hundreds of millions of Adani’s B2C consumers on one common digital platform.

“We also just finished building the world’s largest sustainability cloud that already has a hundred of our solar and wind sites running on it — all off a single giant command and control centre that will soon be augmented by a global A-I lab,” he said.

These new businesses will add to the burgeoning Adani empire which already is the largest airports and sea ports operator in India. It is the nation’s highest valued FMCG company, the second-largest cement manufacturer and the largest integrated energy player.

“The point I would like to make is that — India is full of incredible opportunities. The real India growth story is just starting.

“This is the best window for companies to embrace India’s economic resurgence and the incredible multi-decade tailwind the world’s largest and most youthful democracy offers. India’s next three decades will be the most defining years for the impact it will have on the world,” he added.

Commenting on China, Adani said once the champion of globalisation, that country is facing challenges.

“I anticipate that China – that was seen as the foremost champion of globalisation – will feel increasingly isolated. Increasing nationalism, supply chain risk mitigation, and technology restrictions will have an impact,” Adani said.

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Aditya L1 Solar Mission Begins Studying Energetic Particles in Solar Wind

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September 22, 2023

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Aditya L1 Solar Mission Begins Studying Energetic Particles in Solar Wind

After India’s solar mission, Aditya L1 began its journey towards Lagrange point 1 following a key manoeuvre, it has started studying energetic particles in the solar wind from space and will continue to do so for the rest of its life, a senior astrophysicist said. The study of the solar wind, the continuous flow of charged particles from the sun which permeates the solar system, will be carried out with the help of a device named Supra Thermal & Energetic Particle Spectrometer (STEPS), a part of the Aditya Solar wind Particle Experiment (ASPEX) payload.

“STEPS is now working from space. However, it was not sitting idle earlier. It has started functioning from within the magnetic field of the Earth since September 10 when Aditya was 52,000 kilometres above our planet,” Dr Dibyendu Chakrabarty, professor of Space and Atmospheric Sciences at the Physical Research Laboratory (PRL) said.
STEPS was developed by the PRL with support from the Space Application Centre (SAC) in Ahmedabad.

“During the travel time of four months (till Aditya L1 reaches its destination), it will study energetic particles in the solar wind. The data will help maintain the health and performance of our space assets in a better way,” Dr Chakrabarty told PTI.

The key aim of STEPS is to study the environment of energetic particles from the spacecraft’s position on the L1 point till it will function, he said. “The data from STEPS in the long term will also help us understand how space weather changes,” the space scientist said.

STEPS comprises six sensors, each observing in different directions and measuring supra-thermal and energetic ions. The data collected during the Earth’s orbits helps scientists to analyse the behaviour of particles surrounding the planet, especially in the presence of its magnetic field.

Aditya-L1, launched by the Indian Space Research Organisation (ISRO) on September 2, will go up to the First Lagrangian point, about 1.5 million km from the Earth ISRO on September 18 said on X: “Off to Sun-Earth L1 point! The Trans-Lagrangean Point 1 Insertion (TL1I) manoeuvre is performed successfully. The spacecraft is now on a trajectory that will take it to the Sun-Earth L1 point.” Lagrangian points are where gravitational forces, acting between two objects, balance each other in such a way that the spacecraft can ‘hover’ for a longer period of time.

The L1 point is considered the most significant of the Lagrangian points, for solar observations, which were discovered by mathematician Joseph Louis Lagrange. 

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Elon Musk’s Neuralink Receives Approval to Start Brain Implant Human Trial

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September 22, 2023

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Elon Musk's Neuralink Receives Approval to Start Brain Implant Human Trial

Billionaire entrepreneur Elon Musk‘s brain-chip startup Neuralink said on Tuesday it has received approval from an independent review board to begin recruitment for the first human trial of its brain implant for paralysis patients.

Those with paralysis due to cervical spinal cord injury or amyotrophic lateral sclerosis may qualify for the study, it said but did not reveal how many participants would be enrolled in the trial, which will take about six years to complete.

The study will use a robot to surgically place a brain-computer interface (BCI) implant in a region of the brain that controls the intention to move, Neuralink said, adding that its initial goal is to enable people to control a computer cursor or keyboard using their thoughts alone.

The company, which had earlier hoped to receive approval to implant its device in 10 patients, was negotiating a lower number of patients with the US Food and Drug Administration (FDA) after the agency raised safety concerns, according to current and former employees. It is not known how many patients the FDA ultimately approved.

Musk has grand ambitions for Neuralink, saying it would facilitate speedy surgical insertions of its chip devices to treat conditions like obesity, autism, depression and schizophrenia.

In May, the company said it had received clearance from the FDA for its first-in-human clinical trial when it was already under federal scrutiny for its handling of animal testing.

Even if the BCI device proves to be safe for human use, it would still potentially take more than a decade for the startup to secure commercial use clearance for it, according to experts.

© Thomson Reuters 2023

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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ISRO’s Aditya-L1 Performs TL1I Manoeuvre, Set to Reach Sun-Earth L1 Point

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September 22, 2023

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Aditya L1 Solar Mission Begins Studying Energetic Particles in Solar Wind

The Indian Space Research Organisation (ISRO) announced on Tuesday that its maiden solar mission — Aditya-L1 — has performed the Trans-Lagrangean Point 1 Insertion (TL1I) manoeuvre successfully and the spacecraft was now in a trajectory that will take it to the Sun-Earth L1 point. ISRO also informed that it marked the fifth consecutive time that the ISRO had successfully transferred an object on a trajectory toward another celestial body or location in space.

A post on the ISRO official handle on social media platform X read, “Aditya-L1 Mission | Off to Sun-Earth L1 point | The Trans-Lagrangean Point 1 Insertion (TL1I) manoeuvre is performed successfully. The spacecraft is now on a trajectory that will take it to the Sun-Earth L1 point. It will be injected into an orbit around L1 through a manoeuvre after about 110 days. This is the fifth consecutive time ISRO has successfully transferred an object on a trajectory toward another celestial body or location in space.”

Earlier, a launcher carrying the Aditya-L1 spacecraft blasted off from the Satish Dhawan Space Station at Sriharikota in Andhra Pradesh. The primary objectives of India’s maiden solar mission include collecting scientific data and marking another milestone in India’s solar exploration efforts.

The agency had earlier posted on X, “Aditya-L1 Mission: Aditya-L1 has commenced collecting scientific data. The sensors of the STEPS instrument have begun measuring supra-thermal and energetic ions and electrons at distances greater than 50,000 km from Earth. This data helps scientists analyze the behaviour of particles surrounding Earth. The figure displays variations in the energetic particle environment, collected by one of the units.”

The Supra Thermal and Energetic Particle Spectrometer (STEPS) instrument, a part of the Aditya Solar Wind Particle Experiment (ASPEX) payload, also started its data-gathering operations earlier. 

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