Adani central to India's economic ambitions, says US-based analyst

economictimes.indiatimes.com:

Gautam Adani's sprawling conglomerate is core to India's ambitions to become the world's third-largest economy by 2030, as it plays a key role across the infrastructure sector, US-based Cantor Fitzgerald & Co said in a note. Adani Enterprises Ltd, the group's flagship company, can deliver a gain of more than 50 per cent, analysts Brett Knoblauch and Thomas Shinske wrote in a note dated January 28, initiating coverage of the company.
«India is now the most populous country in the world and has ambitions to be the world's third-largest economy by 2030. To get there, India needs to invest in both digital and physical infrastructure, in addition to increasing its energy production, as energy consumption will be meaningfully higher,» the US-based broker said.

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These investments, it said, are paramount for India to drive productivity growth, as GDP per capita of USD 2,250 is meaningfully below that of China (USD 12,556).
«Adani Enterprises Ltd is at the core of everything India wants to accomplish,» it said.
The firm is the most relied upon company for bringing energy resources into India — it owns eight airports that account for about 25 per cent of airline passenger traffic and 33 per cent of cargo, it is building several data centres throughout the country, it is contracted to lay more than 5,000 km of roads and is an integral manufacturer of solar and wind equipment for the country's renewable energy ambitions.
The risk-reward at AEL is attractive at current levels, it