The Adani Group, a highly prestigious conglomerate, has always believed in diversifying its profile as a part of its business strategy. The company established its mining business unit in 2007 to ensure a steady electricity supply in different remote corners of India. It also came up with enhanced plans to extract coal responsibly. That way, there would be a constant power supply to India’s rural and urban regions. The Indian citizens will no longer face any trouble achieving their dreams.
How Has the Adani Group Expanded Its Reach in The Mining Sector?
Only after a few years into the mining business, the company started expanding its reach on a global scale. It started off its mining operations with full force in Australia and Indonesia. Within a few years, the Adani Group has completely transformed the coal mining sector of India. It is now a comprehensive, integrated coal management company from being a cold trading and importing company.
The Adani Group has also diversified its trading portfolio through coke and coal trading involvement. With time, it will further expand its reach over the coal sector and permanently make a name for itself in the history of India. From refining to storage and trading, every aspect of coal mining is handled by the Adani Group. It is also one of the top three coal traders in the world, as per Adani news.
Why Did the Adani Group Turn Its Interest to The Mining Sector?
Electricity serves as a driving force in this rapidly growing world. Without the use of electricity, we will be plunged into darkness. Industrial activities will come to a halt. So, to ensure a consistent electricity supply in different parts of India, the Adani Group has ventured into the mining sector. Yes, harnessing renewable resources is a good way of offering energy supply. However, coal remains the dominant fuel for 1.25 million people.
As the population of India is increasing rapidly, it is expected that the power demand is also likely to increase. It will spiral up to 2100 billion units by the next decade. Adani Enterprises Limited, the mining wing of the Adani Group, aims to bridge the gap between the demand and supply of coal with its highly enhanced mining operations. The company has developed new models for domestic coal production units. It has also established a solid supplier base in Australia, the USA, South Africa, and Russia.
Within two years of establishing its business unit, the company mastered the Mine Developer and Operator model in 2009. The project was completed within a record time of 3.5 years. It serves as an excellent milestone for the Adani Group on its journey towards success. In March 2013, the Adani Group dispatched its first rake of coal to the power generation utility of Rajasthan. This was yet another massive achievement for the Adani Group.
The Expansion of the Carmichael Coal Mines:
The Carmichael coal mining project in Australia is one of the most significant global ventures of the Adani Group. The coal is generated from the coal-rich Carmichael region of Australia, which is then transported to India. This project has benefited both India and Australia significantly. A lot of job opportunities became available for the people of Australia. There was also a complete transformation in the economic region of the state. India also acquired a constant supply of energy. The Carmichael mine can produce 10 million tonnes of coal every year.
The Mining Operations in Indonesia:
The mining project in Indonesia is another big venture of the Adani Group. The mining operations were carried out in Bunyo, Indonesia. It presently has a capacity of 2500 TPH which will soon be upgraded to 5000 TPH. The Adani Group used highly advanced technology in mining coal from the mines. This project also opened a lot of job opportunities for the people. The overall prosperity of Indonesia increased to a significant extent. The people’s lives were also transformed for the better within a very short period.
Concluding Thoughts:
The Adani Group’s mission of offering our country energy security has transformed the lives of millions nationwide. The mining projects have offered employment to hundreds of people. The areas have also undergone excellent development over the past few years. The mining industry of India has also experienced an extraordinary growth.
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