Ambani VS Adani: Application for auction of 5G spectrum has been submitted by Adani Group. Adani Group will now bid for the auction of 5G spectrum along with all the major telecom companies of the country like Reliance Jio, Bharti Airtel and Vodafone Idea. That is, it is clear that there will be a tremendous competition between Adani and Ambani’s companies in the upcoming telecom spectrum. This competition between the two richest businessmen of India is not new. Even before this, the business war between the two continues in many sectors. Let us know and in which sectors the veteran businessmen are competing…..
Petrochemicals: Adani Group has announced to set up a large petrochemical plant near Mundra Port, run by Adani Port in Gujarat. For this, Adani Petrochemical Limited (APL) has been formed last year under Adani Enterprises, the flagship company of Adani Group. According to the report of business news website Minute, APL is going to invest $4 billion to set up this petrochemical plant and has also partnered with BASF SE, Abu Dhabi National Oil Company (ADNOC) and Borealis AG.
Ambani-led Reliance Industries has dominated this sector from the beginning. Reliance has the world’s largest refinery in Jamnagar, Gujarat.
Green Energy: In the green energy sector, there is a direct competition between Ambani and Adani. Mukesh Ambani has announced an investment of $10 billion in green energy. Through this investment, a four giga factory will be set up. In these factories, solar modules, hydrogen, fuel cells and battery grids will be built for the storage of electricity. At the same time, Adani Group also wants to become the world’s largest renewable energy producer by 2030. At present, Adani Green Energy of the Adani Group is counted among the giants of this sector.
Media: Adani has bought 49 per cent stake in business news channel Bloomberg Quint while Reliance Industries-owned News18 Group is present in this sector.