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India's Adani Group to invest $10 bln in US energy following Trump win
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India's Adani Group to invest $10 bln in US energy following Trump win
Nov 13, 2024 11:06 AM

Nov 13 (Reuters) - India's 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.

The billionaire announced the investment, with no specific

timeline, while congratulating U.S. 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 $150 billion rout in

shares of the group's companies.

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