Adani’s $11.5 Billion Bet to Break India’s Aluminium Duopoly | Markets Today #252

📌 In this episode of Markets Today, we decode 3 big stories — Google and Amazon’s own data revealing AI’s shocking environmental cost, Adani Group’s $11.5 billion entry into aluminium challenging Hindalco and Vedanta’s 90% duopoly, and why Kotak’s Deutsche Bank acquisition is about 1.5 lakh ultra-wealthy customers — not the balance sheet numbers.

#1 🌍 AI Boom’s Dirty Secret Google emissions up 82% since 2019. Amazon up 58%. Both growing faster than revenue. Supply chain — chips, servers, data centre construction — is the biggest culprit. Both have 2030-2040 net zero targets. Neither is on track.

#2 🏭 Adani Takes On India’s Aluminium Giants $11.5 billion JV with Abu Dhabi’s IHC. 20 lakh tonne smelting capacity — 50% addition to India’s current production. Fully integrated: bauxite, alumina refinery, smelter, 4 GW captive power, downstream park — all in Odisha. Adani’s low-cost energy is the core competitive bet.

#3 🏦 Kotak’s Deutsche Deal — The Real Jackpot ₹280 crore deal. ₹29,000 crore loan book. ₹16,000 crore deposits. But the real prize: 1.5 lakh ultra-affluent Deutsche Bank customers. Cross-selling insurance, brokerage and PMS to this premium base is the actual long-term play. 90%+ secured loan portfolio means minimal credit risk.