Both the entities have signed a memorandum of understanding (MoU) to this effect.
In a statement,
Group said the investment under the MoU is estimated to be up to USD 5 billion.
Adani Group said it “has agreed to explore business cooperation opportunities, including the establishment of a green, environment-friendly integrated steel mill at Mundra, Gujarat, as well as other businesses.
The non-binding MoU intends to further collaborate at the group business level in various industries such as renewable energy, hydrogen, and logistics in response to carbon reduction requirements, the statement said.