Adani Power announced on 7 August that it had obtained a Letter of Intent (LoI) to invest $3 billion in the development and operation of a 2,400 MW greenfield thermal power project in Bihar.
2,400 MW Thermal Project to Supply Power to Bihar Utilities
North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL) will receive 2,274 MW of power from a 2,400 MW thermal power project that will be built at Pirpainti in the Bhagalpur District of Bihar, thanks to the bid that India’s largest private sector thermal power generator won from Bihar State Power Generation Company Ltd. (BSPGCL).
In a very competitive bidding procedure, Adani Power came in last with a final supply price of INR 6.075 per kWh. A greenfield 3×800 MW ultra-supercritical power plant, to be established under the Design, Build, Finance, Own, and Operate (DBFOO) model, will provide power as part of the contract.
Project Timeline: First Unit to Be Commissioned in 48 Months
Within 48 months of the scheduled date, the first unit will be put into service, and the last one within 60 months. Adani Power’s CEO, S.B. Khyalia, expressed the company’s satisfaction at winning the proposal to build and run a 2,400 MW thermal power project in Bihar.
With a $3 billion investment, it will establish a new greenfield factory that will help the state’s industrialisation even further. He added that the plant will be a state-of-the-art, low-emission Ultra-supercritical, one that will provide reliable, reasonably priced, and high-quality power.
It is anticipated that the project will create 10,000–12,000 direct and indirect jobs during development and 3,000 after it is operational.
SHAKTI Policy to Provide Fuel Linkage
Fuel for the plant will come from the designated coal linkage under the Central government’s SHAKTI Policy. According to the corporation, the Power Supply Agreement (PSA) with the State Utilities would be signed after it receives the LoA (Letter of Award) in due order.
The biggest private thermal power producer in India is Adani Power, which is a component of the Adani portfolio. In addition to a 40 MW solar power plant in Gujarat, the corporation has an installed thermal power capacity of 18,110 MW distributed across 12 power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu.
Acquisition Watch: Adani Group Bids for Jaiprakash Associates
According to media sources, the Adani group has emerged as the front-runner to purchase Jaiprakash Associates Ltd (JAL), which is presently going through insolvency processes, with a bid of up to INR 12,500 crore.
With no limitations attached, the company has offered an upfront payment of about INR 8,000 crore.
However, if a legal issue pertaining to its JP’s sports city project is settled, Dalmia Group is anticipated to present a serious challenge to Adani Group and maybe outbid Adani’s offer. The Supreme Court of India is still considering the matter.
Adani Green Energy Ltd. (AGEL), in order to build the largest solar-wind hybrid renewable cluster in India in Rajasthan, said it had successfully refinanced its first construction facility with an outstanding balance of USD 1.06 billion from 2021. The biggest renewable energy provider in India, AGEL, revealed this development on 3 March, stating that it has reached yet another significant milestone in its Capital Management Journey. Additionally, the long-term financing obtained to refinance its construction facility includes a 19-year door-to-door tenor and a fully amortised debt structure that mimics the life of the underlying assets. This innovation marks the effective completion of AGEL’s capital management program for the underlying asset portfolio, which entails obtaining long-term facilities that are precisely in line with the portfolio’s cash flow lifecycle.
How Refinancing is Expected to Improve Company’s Portfolio?
The new refinance plan has a fully paid-off debt structure that is tailored to the underlying asset’s lifespan and a 19-year door-to-door tenor. The facility has received an AA+/Stable rating from three domestic rating agencies: ICRA, India Ratings, and CareEdge Ratings. AGEL’s capital management program for the underlying asset portfolio, which seeks to obtain long-term facilities in line with the cash flow lifetime of the portfolio, is now complete thanks to this refinance. According to the corporation, this strategy secures substantial sums of money over an extended period of time and offers advantages through access to a variety of capital pools. With a goal of reaching 50 GW by 2030, AGEL now manages a 12.2 GW renewable portfolio spread across 12 Indian states. In Khavda, Gujarat, the business is building what it claims is the largest renewable energy plant in the world, covering 538 square km. In order to strengthen AGEL’s financial stability as it pursues its growth trajectory in the renewable energy industry, the refinance is a calculated decision.
The Instability Surrounding Adani Green’s Bond
Following the arrest of senior officials, including Chairman Gautam Adani, by the US Department of Justice (DOJ) on suspected bribery allegations, Adani Green had previously cancelled its planned $600 million bond issue in November 2024. Adani and others were charged by the DOJ with arranging payments to Indian government representatives in order to obtain contracts for solar energy. Shortly after pricing, the bond issuance was terminated due to growing legal and regulatory issues. Adani Green withdrew its bond offering for the second time in as many months; the first effort was cancelled because of adverse market circumstances. The group’s US dollar bonds saw a sharp decline as a result of the accusations, indicating market apprehension over governance and regulatory risks. The Adani Group responded to the charges by denying the accusations, calling them baseless, and promising to pursue all available legal options. The group reaffirmed its dedication to upholding strict governance, transparency, and regulatory compliance requirements in every jurisdiction.
The Adani group is an Indian multinational conglomerate with a revenue of about $37 billion from FY2024. The company is headquartered in Ahmedabad, Gujarat, India. Adani is a leading global integrated infrastructure player that includes diverse businesses like coal trading, coal mining, ports, power generation, multi-model logistics, renewables, gas distribution, and transmission. The Adani has always been known for its growth and vision for building the nation.
It is the largest port developer and operator in India with Mundra being the country’s largest commercial port. Having multiple ports, branches, manufacturing units, and corporate offices at various locations, Adani Group is one of the largest business units. In all this business group has around 36,000 plus employees with more than 900 third-party contractors involved in incorporating various work orders across 25 plus business units.
In April 2014, it added the fourth unit of 660 megawatts at its Tiroda Thermal Power Station, making Adani Power India’s largest power producer. In 2015, Adani was ranked India’s most trusted infrastructure brand by The Brand Trust Report 2015. The group operates mines in India, Australia, and Indonesia and supplies coal to Bangladesh, China, and other countries in Southeast Asia. In January 2018, Adani Ports and SEZ Limited added equipment and machinery to become the largest dredger fleet in India.
Adani Enterprises Limited is run by Gautam Adani, the enterprise handles the mining, trading, gas distribution, solar, and agribusiness divisions of the Group. This company also owns a subsidiary called Adani Gas which is a wholly owned subsidiary that executes the gas distribution business. Its real estate activities are managed by Adani Infrastructure and Developers Private Limited. The current incubation portfolio includes Mining Services, Integrated Coal Management, Road, Rail, Airports, Data centers, and Defense.
Adani Ports and SEZ Limited
Adani Ports and Logistics Logo
Adani Ports and Special Economic Zone Limited (APSEZ) is the largest private port company and special economic zone in India. The Company is headed by Karan Adani, CEO of APSEZ. The operations of the company are Logistics and Port management and operates ports Dahej, Mundra, Hazira, Dhamra, Kattupalli, and Vizhinjam.
Along with that, the Adani Group manages terminals at the ports of Mormugao, Ennore, Vishakhapatnam, and Kandla. The logistics were initially promoted by the Mundra Port Infrastructure Development Company Limited, as an enterprise of the Government of Gujarat and Adani Port Limited.
Adani Power Limited
Adani Power – Adani Group of Companies List
The company is run by Gautam Adani, Rajesh S. Adani. The company develops and maintains power projects in India. The firm has a combined installed capacity for developing and maintaining power projects across India. The company runs the following subsidiaries of 10440 MN with four thermal power projects across India.
The following subsidiaries are Adani Power Maharashtra Limited and Adani Power Limited. In 2014 Adani Power Ltd’s thermal power plant at Mundra in Gujarat is the world’s first coal-fired plant to receive carbon credit from the United Nations Framework Convention on climate change.
Revenue of Adani Power Limited from FY 2016 to FY 2024
Adani Transmission Limited
Adani Transmission
Integrated in 2013, Adani Transmission Limited handles the commissioning, operations, and maintenance of the electric power transmission system. The holding company holds operations and maintains 8511 circuit kilometers of transmission lines that range from 400 to 765 kilovolts.
The company has the following subsidiaries; Maharashtra Eastern Grid Power Transmission Company Limited, Maru Transmission Services Service Company Limited, Hadoti Power Transmission Limited Service Limited, Raipur Rajnandgaon Warora Transmission Limited, Sipat Transmission Limited, and Chhattisgarh WR Transmission Limited.
Adani Green Energy Limited
The process of creating the world’s largest single-location solar power plant
Largest listed pure-play renewable power producer in India with a portfolio of solar and wind assets of 2545 MW operational capacity. It is the largest listed renewable company in India and aims to scale up its infrastructure to produce 18 GW by 2025 and 25 GW by 2030.
Adani Gas Limited
It is India’s largest city gas distribution company mainly serving Industrial and Residential customers in Gujarat.
Adani Wilmar Limited
Adani Wilmar
Adani Wilmar Limited (AWL) is an Indian food and beverage company based in Ahmedabad. It started in 1999 as a joint venture between Adani Enterprises and Wilmar International. AWL is the largest palm oil processor in India. As of September 2024, it has 23 plants in 10 states across India and exports its products to the Middle East, Africa, and Southeast Asia.
The Adani Group has multiple business units and ports at various locations. Managing employees’ attendance and timing from a central place is critical for them. Due to diversified businesses, they have different time attendance policies at different locations. It is very challenging to capture the time-attendance rules of an organization. This is because of the diversity in timing, attendance, and leave policies concerning various locations, departments, and people.
Along with automated time attendance solutions, they want to control access at their premises for safety and security concerns. For certain exceptional situations, they need immediate notifications via SMS. As remote sites are there, they want different connectivity options for devices. The integration of SAP is required which is one of the challenges. By introducing an automatic system, the company wants to make manual interventions to reduce errors and fraud.
Gautam Adani was charged in New York for his involvement in an alleged bribery and fraud scheme worth billions of dollars, according to US prosecutors on November 20, 2024, and because of this Adani Group faced a loss of $55 billion.
In 2023, Adani’s businesses lost $150 billion in market value after a report by short-seller Hindenburg Research accused the group of major corporate fraud. The report claimed that Adani Group had been involved in stock manipulation and accounting fraud for many years.
Managing numerous workers’ attendance.
Eliminate fraudulent and inaccurate payment of wages at contractors’ end.
Monitoring each work order status determining its progress and segregating them.
Verifying the number of workers allotted to each task under a contractor against the respective contractors’ report.
Capturing accurate and diverse time attendance data of all workers.
Generating customized reports to make swift decisions and timely and error-free payroll processing.
Allotting workers to each work order based on the requirements and skills of the workers.
Ensuring approved and proper induction of each worker at a defined level.
Gautam Adani, one of the world’s richest individuals and the founder of the Adani Group, has built a vast business empire across sectors like energy, infrastructure, and media. However, his journey has faced significant challenges, including allegations of corporate fraud, a massive stock market crash, and a recent US indictment accusing him of involvement in a $265 million bribery scheme.
Adani and his wife, Priti Adani, run the Adani Foundation as philanthropists. His philanthropic organization is headed by his wife, of which he is the President.
According to media reports, Gautam Adani’s net worth in November 2024 is projected to be around $69.8 billion. According to Forbes, he is the world’s 22nd richest person and India’s second-richest person behind Mukesh Ambani.
In this StartupTalky story, let us learn about Gautam Adani’s success story, personal life, life story, journey to success, education, Adani Group, philanthropy, and more.
Gautam was born in Ahmedabad, Gujarat, to a Jain family. Shantilal, his father, was a textile entrepreneur. He, along with seven of his brothers, mother, and father, lived in the northern part of Gujarat.
He and Priti Adani have a son, Karan Adani, who is the CEO of Adani Ports & SEZ Limited. His wife, a dentist, is the Managing Trustee of the Adani Foundation. Gautam was previously nobbled and released without accruing the money in 1998. He managed to avoid the 2008 Taj Hotel Mumbai attacks by hiding in the basement.
From an early age, he was driven and determined. As a teenager, he dropped out of school due to his lack of interest in academics. He went on to Gujarat University after that but did not finish his degree. He had no intention of entering his father’s textile company, despite his interest in the business.
Gautam Adani – Education
He graduated from Ahmedabad’s Sheth Chimanlal Nagindas Vidyalaya school with a bachelor’s degree. He then went on to Gujarat University to obtain a bachelor’s degree in commerce. However, after completing his second year of college, he dropped out.
Gautam Adani – Professional Life
Gautam was fascinated by entrepreneurship, but not his father’s textile company. He began working at a very young age. When he was 18, his entrepreneurial energy led him to leave Ahmedabad and relocate to Mumbai. The young man was eager to make it big despite having very little money. He worked at Mahendra Brothers in 1978 as a diamond sorter. He opened his own diamond brokerage company in Mumbai’s Zaveri Bazaar after working there for 2-3 years.
His company prospered, and by the age of 20, he had amassed a million-dollar fortune. His elder brother had recently purchased a plastic plant in Ahmedabad and asked Gautam Adani to assist him in its operation. Adani moved back to Ahmedabad and began working with his brother. Gautam expanded his empire into global trade by importing polyvinyl chloride. In 1985, he started commodity trading by importing Polyvinyl Chloride (PVC), a main raw material for plastic manufacturing, and traveled to South Korea to make a deal.
Gautam Adani – Timeline of Business ventures
Gautam Adani – Adani Group
Gautam Adani founded the Adani Group in 1988 and serves as its Chairman. The company is based in Ahmedabad, Gujarat, India. It is a commodity trading business with the flagship of Adani Exports Limited. The diverse business of the Group includes energy, resources, logistics, real estate, financial services, agribusiness, defense, and aerospace.
He has a 32.90% stake in Adani Ports & SEZ Limited, a 36.86% stake in Adani Power, a 50.29% stake in Adani Enterprises, and a 75% stake in Adani Transmission Limited. The Group holds an annual revenue of about INR 3.09 lakh crore (US$37 billion) for 2024, operating in 50 countries across 70 locations.
Adani Logo
Gautam Adani – Adani Enterprise Limited
Gautam established Adani Exports Limited in 1988, which has since evolved into Adani Enterprises Limited, the Adani Group’s holding company. Initially, the firm dealt with agricultural and power commodities.
In 1991, he began trading metals, textiles, and agro-products in order to expand his company. The shift in trade came as a result of the start of economic liberalization policies, and it proved lucrative for the group. Adani was able to quickly grow his company due to a favorable market climate.
Gautam Adani – Adani Ports & SEZ Limited
In October 1998, the business opened its doors at the Mundra Port. In February 2001, the group was given the right to operate and expand the Mundra Port, which is located on the Navinal Island in the Kutch area, for 30 years through a Concession Agreement with the Gujarat Government and the Gujarat Maritime Board. Mundra Port surpassed JNPT in August 2020 to become India’s largest container port.
Currently, the company is the largest private multi-port operator in the world. The port has a cargo capacity of 210 million tonnes per year, making it India’s largest private-sector port.
Karan Adani, the Chief Executive Officer of APSEZ, is in charge of the venture. Port management, logistics, and the special economic zone are among the company’s activities. Mundra, Dahej, and Hazira in Gujarat; Dhamra in Odisha; Kattupalli in Tamil Nadu; and Vizhinjam in Kerala are the ports where the business runs.
Gautam Adani – Adani Power Limited
Gautam created Adani Power Limited, another Adani Group portal, in 1996. With a capacity of 4620 Mega Watt, Adani Power is the country’s largest private thermal power plant operator. He bought Abbot Point Port in Australia and Carmichael Coal in Queensland between 2009 and 2012.
It is a privately owned thermal power plant with a capacity of 12,450 megawatts (MW). It also runs a 40-megawatt solar plant in Naliya, Bitta, Kutch, Gujarat. Jharkhand is home to Adani Power, which is building a 1,600 MW plant. The governments of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab have signed long-term power purchase agreements with the company totaling 9,153 MW.
Adani Power made a cumulative profit of INR 634.64 Crore in the 4th quarter, which ended on March 31, 2019. The company posted a consolidated net loss of INR 653.25 Crore in the previous financial year.
The business has received several honors and accolades. At IPPAI’s 18th Regulators & Policymakers Retreat in 2017, it was awarded ‘the Most Innovative Young Power Professional’. In Singapore, CSR Works International rewarded the firm for best sustainability reporting in Asia, with the support of the British Chamber of Commerce and the Canadian High Commission.
Gautam Adani – Adani Transmission
Adani Transmission Limited, headquartered in Ahmedabad, India, is a power transmission company. It is currently one of the largest private-sector power transmission companies in India. The company operates a total network of 12,200 circuit kilometers as of July 2020, with more than 3,200 circuit kilometers under construction at various points.
Gautam Adani created Adani Transmission in December 2015 after separating his ten-year-old transmission company from Adani Enterprises. The company became the primary custodian for over 3800 circuit kilometers of transmission lines originating from the Mundra Thermal Power Station, linking Mundra–Dehgam, Mundra–Mohindergarh, and Tirora–Warora, at the time of its establishment.
Gautam Adani – Adani Green Energy
Adani Green Energy Limited was formed on January 23, 2015, under the Companies Act 2013. AGEL and Inox Wind collaborated to construct a 20 MW wind power project in Lahori, Madhya Pradesh, during the company’s early days. AGEL also purchased Inox Wind’s 50 MW wind energy project in Kutch’s Dayapar village. The project was conceived by the latter after it won capacity bids for wind power projects linked to the National Grid from the Solar Energy Corporation of India.
With a total project portfolio of 13,990 MW, Adani Green Energy Limited (AGEL) is one of India’s largest renewable energy companies. AGEL is part of the Adani Group’s promise to give India a richer, safer, and more environmentally friendly future.
The Company creates, installs, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects, all of which are driven by the Group’s philosophy of “Growth with Goodness.” The electricity produced is distributed to federal and state government agencies, as well as government-backed businesses.
Gautam Adani was charged in New York for his involvement in an alleged bribery and fraud scheme worth billions of dollars, according to US prosecutors on November 20, 2024.
Adani, who leads a large business empire in sectors like coal, airports, cement, and media, has faced serious allegations of corporate fraud and a major stock crash in recent years.
In 2023, Adani’s businesses lost $150 billion in market value after a report by short-seller Hindenburg Research accused the group of major corporate fraud. The report claimed that Adani Group had been involved in stock manipulation and accounting fraud for many years.
Gautam Adani – Philanthropist
Gautam is the president of the Adani Foundation, which he established in 1996. The Adani Group funds the organization, which is active in Maharashtra, Himachal Pradesh, Chhattisgarh, Rajasthan, and Odisha.
The Adani Foundation, which is run by the Adani Group, is active in a lot of philanthropic work. In addition to Gujarat, the foundation works in several states, investing in education, sustainable economic resources, and expanding rural development, among other things. Priti Adani runs the Adani Vidya Mandir in Ahmedabad, a school that accepts only children whose parents earn less than INR 1 lakh per year.
The foundation has a special program to assist fishermen, and it offers financial assistance to 500 fishermen from the coastal taluka for the purchase of fishing equipment. The children of the fishermen are given educational opportunities.
In the year 2012, Adani Foundation Group partnered with IndiaSkills, vocational education joint venture, and City & Guilds, one of the best brands of work-related evaluation and qualifications, to open a skills training site in Gujarat that would offer courses in commerce, hospitality, defence, renovation, and engineering.
Gautam Adani also donated INR. 100 Crore to the Prime Minister CARES FUND through the Adani Group’s portal to combat the Coronavirus crisis. He made a donation of INR 5 Crore to the Gujarat Chief Minister’s Relief Fund and INR 1 Crore to the Maharashtra Chief Minister’s Relief Fund.
Thank you @IndianEmbRiyadh. Indeed, actions speak louder than words. We are on an urgent mission to secure oxygen supplies from across the world. This first shipment of 4 ISO cryogenic tanks with 80 tons of liquid oxygen is now on its way from Dammam to Mundra. (1/3) https://t.co/BLZ0SbQ499pic.twitter.com/lFKnx0hIhX
Four ISO cryogenic tanks loaded with 80 metric tonnes of liquid medical oxygen were imported from Dammam, Saudi Arabia, to Mundra, Gujarat, by Gautam Adani’s diversified conglomerate Adani group. Linde Saudi Arabia has agreed to provide the community with 5,000 medical-grade oxygen cylinders. Adani said on Twitter that his company provides 1,500 cylinders of medical oxygen per day to wherever they are required in Gujarat’s Kutch.
Conclusion
Adani’s knack for business can be seen in all of his endeavors. He has his hands in almost every industry imaginable and has become the very best in them be it logistics or real estate. He had his mind set on being an entrepreneur from a very young age – in his actual teenage years at a time when it wasn’t regarded as being cool. And he came from a very ordinary family and carved himself a very extraordinary life indeed. There’s a lot to learn from his business moves!
Gautam Adani is an Indian businessman and philanthropist who founded the Adani Group, a multinational conglomerate specializing in port development and operations in India.
What is the net worth of Gautam Adani?
Gautam Adani’s net worth is estimated at $69.8 billion as of November 2024.
When was the Adani Group founded?
Adani established the Adani Group in 1988, which is headquartered in Ahmedabad, India.
What is Gautam Adani education?
Gautam Adani was educated at Sheth Chimanlal Nagindas Vidyalaya School in Ahmedabad. He then enrolled for a bachelor’s degree in Commerce at Gujarat University. However, Adani dropped out after the second year because he was interested in doing business there in his father’s textile business.
How many Gautam Adani founded organizations are there?
Adani Group consists of 10 publicly listed entities.
Adani Group is known to one of most well-known business conglomerate and a leading integrated player in infrastructure and energy spaces in India. The company is founded by Gautam Adani in 1988 and has its headquarters based in Ahmedabad, Gujarat. Adani Group has businesses in different sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture among others.
In 2015, Adani Group was ranked India’s most trusted infrastructure brand according to the The Brand Trust Report. It is the country’s largest integrated infrastructure conglomerate with a revenue of about $13 billion with operations at 70 locations in 50 different countries.
Adani group has focused on serving the diverse need of Indians and contributing towards nation building, as the company also invests part, of its revenue to protect and develop communities.
The company is known to be the country’s largest port developer and operator with more than 10 ports and terminal like Mundra port under its control. Adani group owns the largest edible oil brand called Fortune Oil, through joint venture with Wilmur International from Singapore. Adani is also the largest private power producer after adding the fourth unit 660 megawatts at its Tiroda Thermal power station. The Group has mines in various countries including India, Indonesia and Australia and also supplies coal to Bangladesh, China, and some Southeast Asian countries.
In 2018, the Adani Ports & SEZ Limited, added equipment and machinery making it the largest dredger fleet in India. The company has reached great heights because some of it’s main subsidiaries which are Adani Enterprises Limited, Adani Green Energy Limited, Adani Ports & SEZ Limited, Adani Wilmur, Adani Power Limited, Adani Total Gas Limited, Adani Transmission Limited, among others.
Adani Group had its humble beginnings as a commodity trading firm in 1988 and then got into the import and export of various commodities.Adani group then established the Adani Enterprises Limited which was previously known as Adani exports with just Rs 5 lakhs. In the 90s the company started to develop its own port and by 1995 it began construction at Mundra (which became the largest private port in India in 2002). In 1999, Adani began coal trading and started its joint venture in edible oil refining with Adani Wilmar in 2000.
Over the years, Adani established ports, mines, railway lines, power plants and ships in and outside the country. Later on in 2006, Adani became the largest coal importer in India with 11Mt of coal handling. After Adani won the Orissa mine rights in 2010, it became the the country’s largest private coal mining company in India. Adani bought Galilee Basin mine in Australia with 10.4 Gt of coal reserves and went on to commission India’s largest solar power plant with a capacity 40 MW.
Adani became the largest private sector thermal power producer in India after achieving the 3,960 MW capacity. By 2012 the group shifted its focus on to its businesses in the sectors of resources, logistics and energy. In 2014, Adani power became India largest private power producer, by the next year Adani Renewable Energy Park made a 50:50 joined venture with the Rajasthan Government so it can set up the country’s largest solar park with a capacity of 10,000 MW.
In 2016, Adani’s Aero defense sector signed a pact with companies like Elbit-ISTAR and Alpha Design Technologies in order to work in the field of Unmanned Aircraft Systems in India. The Adani Group acquired a part of Reliance Infrastructure for Rs. 18,800 crore in December 2017.
Under the guidance of Gautam Adani (one of the richest men in India), the company has reached great heights and improved business operations in the sectors likeenergy, resources, logistics, and agriculture, amongst others. With a net worth of 59.9 billion as of 2021, he has entered the list of top 20 billionaires as per Forbes. He recently Witnessed a Wealth surge of $17 billion in his Net worth.
Adani Enterprise is one of the major subsidiary and the primary holding company of the Adani Group. The company focuses on establishing other new businesses in the sectors of energy and infrastructure. It acts as an Incubator that converts opportunities into thriving or successful businesses. So far Adani Enterprise has expanded its presence in different industries and has emerged as a market leader.
The company is so successful that it was listed at Bombay Stock Exchange and The National Stock Exchange of India. Since it was established and listed in 1994 the company has come a long way to where it has the market cap of Rs 22,909 Crores. So far companies like APSEZ, Adani Power, Adani Transmissions, Adani Green Energy and Adani Gas have demerged from Adani Enterprise to get independently listed on the Indian stock exchange market.
The company aims in delivering consistent value, maximizing returns for stakeholders and helping in the activities that build a nation. The vision of Adani Enterprise is to build infrastructure for airport, water, roads, data centre, solar manufacturing and have a sustainable value creation.
Adani Ports and Special Economic Zone Limited
Adani PSEZ – Adani Group Subsidiaries
APSEZ is known to be the largest commercial port operator in India as it accounts to more than one fourth of the cargo transport that takes place in the country. APSEZ was originally called as Mundra Port and special Economic Zone Limited until it was changed in 2012. The company started its operations in Mundra Port, but has increased to 10 ports which comprise of 45 berths and 14 terminals across 6 states which are Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.
It is one of the main subsidiaries of Adani group with a market cap of Rs. 77,715 crore. The CEO of the company is Karan Adani. The company has a widespread national footprint because through Adani Logistics Ltd., APSEZ operates 3 inland containers depots and a storehouse of goods before they are custom cleared at the ports. The facilities of the port are specifically equipped with the latest cargo-handling infrastructure which best in class in order to make it capable of handling the largest vessels.
A national geographic documentary on Mundra port
These ports are also well equipped to handle diverse cargos, from dry cargo, liquid cargo, and crude to containers. APSEZ also provides Dredging and Reclaimation solutions for port and harbor construction. Which is why APSEZ currently operates 19 dredgers making it the largest capital dredging capacity in India.
The Mundra SEZ spans over 8000 hectares making it the largest portoperational and notified multi-product SEZ in India that offers investment options like Free Trade and Warehousing Zone (FTWZ) and Domestic Industrial Zone in India.
It also helps large scale industries for manufacturing set-up based upon cluster-based development for various industries. APSEZ has also undertaken mangrove afforestation activities to help the environment and also announced in 2016, that all ports and townships are being prepared to run on 100% renewable energy.
Adani Power Limited
Adani Power – Adani Group Subsidiaries
Adani Power is another major business subsidiary of Adani Group. The company has its headquarters based in Ahmedabad, Gujarat and is known to be largest private thermal power producer in India.
The company has thermal plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh and has a power generation capacity of 12,450 MW. It also operates a huge solar plant of 40 MW at Kutch, Gujarat. Adani Power generated a net profit of Rs 634.64 crores in the fourth quarter.
Adani power plants
This Indian company is the world’s first company to set up a coal based thermal power project registered under the clean development Mechanism (CDM) of the Kyoto protocol. Adani power was established as a power trading company in 1996 and has since signed long term PPAs of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana Rajasthan, Karnataka and Punjab.
Despite being a new to power generation in 2006, the company went on to set up its first power plant at Mundra successfully. The company is also planning to implement a 1.600 MW plant at Godda, Jharkhand.
Adani Power has many successful subsidiaries under it, which are Adani Power Maharashra Limited, Adani Power Rajasthan Limited, Adani Power Dahej Limited, Mundra Power SEZ Limited and Adani Power Overseas Limited. Once Adani obtained the Udupi Thermal Power Plant in a 6,000 crore rupees deal.
In 2014, Adani Power got ahead of Tata Power to become the country’s largest power producer. The company’s power plant at Mundra is also the world first coal fired plant to receive carbon credits from the United Nations Framework Convention on Climate Change. The company was also awarded from the Government of Karnataka for the Udupi Power Plant.
Adani Transmission Limited
Adani Transmission – Adani Group Subsidiaries
Adani’s journey in the transmission industry started way before Adani Transmission Limited was established in 2006. Integrated in 2013, the company handles commissions, operations, maintenance of electric power transmission systems. Adani Transmission Ltd has a total transmission capacity of the company is 16,200 MW and is currently one of the largest private sector power transmission company in India.
The company operates a total network of 12,200 circuit kilometers and additional 3,200 circuit kilometers are under various stages of construction, as of 2020. Adani Transmission was founded by Gautam Adani and has its headquartered in Ahmedabad. The company got into the distribution space with the acquisition of Reliance Infrastructure’s Power Generation, Transmission & Distribution Business in Mumbai in 2018.
Now, the Adani Electricity Mumbai Limited which works under Adani Transmissions caters to more than 3 million customers and their electricity needs in the Mumbai. The company aims in setting up 20,000 circuit kms of transmission lines by 2022 with the help of organic and inorganic growth opportunities. Lastly it is the country’s first private power sector player to secure an international investment grade rating.
Adani Green Energy Limited
Adani Renewables – Adani Group Subsidiaries
This Adani subsidiary is one of the largest renewable companies in India with a current project portfolio of 13,990 MW. Adani Green Energy is known for developing, operating, building and maintaining solar and wind farm projects. The electricity generated is supplied to central and state government institutes or even government backed corporations. The company has now expanded to more than 11 Indian states.
National Geographic documentary on Adani solar power plant
The company uses the latest technologies in its projects and has an impressive portfolio of 54 operational projects and 12 projects under construction. It is leading India on its renewable energy journey and aims to provide a cleaner, better and a greener future for the country. The company operates one of the largest solar photovoltaic plants in the world (Kamuthi Solar Power Project).
Adani Green Energy also has over 39 subsidiaries under it and recently won the world largest solar bid worth 46 billion by the Solar Energy Corporation Of India. The company is known to manage over 5,290 MW of wind energy and solar power plants.
Adani Wilmar
Adani Wilmar – Adani Group Subsidiaries
Adani Wilmar was created out of a joint venture between Adani Group and the Singaporean company Wilmar International Limited. Wilmar one of the fastest growing food FMCG company in India and is Asia’s leading agri business group. The company has the largest range of edible oils such as Soya, Sun, Mustard, Rice bran, Groundnut and cottonseed.
Besides oil it also makes products like Basmati rice, pulses, Soya chunks, Besan, Fortune Wheat flour, Rawa, Sooji, etc which are all well known products in India. Brands like Fortune, King’s, Bullet, Raag, Avsar, Pilaf, Jubilee, Fryola, Alpha, Alife and Aadhar work under Adani Wilmur.
The company has the largest distribution network among all the branded edible oil players in India because it has over 95 stock points, 5000 distributors, 1.5 million outlets across the country.
Adani Wilmar has become successful internationally after selling its Edible oil to Middle-East and is now exporting its products to more than 19 countries in the Middle-East, South East Asia, East Africa, Singapore, Australia and New Zealand.
This Adani’s subsidiary is a city gas distribution company that mainly serves industrial companies and residential customers in Indian states. Adani Gas is currently uses City Gas Distribution networks in order to supply Piped Natural Gas to commercial, domestic and industrial companies in the country. The company also provides Compressed Natural Gas to the transport sector.
Adani Gas has so far set up city gas distribution networks in cities such as Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. Natural Gas is not just a environment friendly, but is also convenient and reliable which allows consumers to enjoy a high level of safety, convenience and economic efficiency.
Conclusion
Over the past three decades Adani Group has kept growing to make itself a global leader in various sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture.
The company is also benchmarked the global standards in all the sectors. The company has so far been successful because of its numerous successful subsidiaries and will continue to grow and reach greater heights in the future.
FAQs
Who is the Chairman of Adani Group?
Gautam Adani is the Chairman of Adani Group.
Where is the headquarters of Adani Group?
Adani Group has its headquarters in Ahmedabad, Gujarat.
What does Adani group do?
Adani group is involved in business operations in the various sectors:
