The Financial Express
Gautam Adani has been successfully spearheading the $32 billion worth Adani Group. Seven publicly traded enterprises make up the diverse Adani Group in India. It has developed a portfolio of world-class transport and utilities infrastructure that is present throughout India. Ahmedabad, in the Indian state of Gujarat, is home to the headquarters of the Adani Group. With a focus on large-scale infrastructure development in India and O&M practices that are benchmarked to international norms, Adani Group has established itself as the market leader in its transport logistics and energy utility portfolio sectors. It is the sole Infrastructure investment-grade issuer in India and has four IG-rated companies.
Adani Wilmar Limited (AWL) was established in January 1999 as a joint venture between Wilmar International Limited in Singapore, Asia’s top agricultural organisation, and the Adani organisation, India’s fastest-growing diverse portfolio of enterprises. One of the fastest-growing food FMCG firms in India is Adani Wilmar Limited, a recently listed company from Adani Enterprises Limited. With products in the categories of soy, sun, mustard, rice bran, groundnut, cottonseed, and functional oils, the company offers the widest selection of edible oils. Along with packaged Basmati rice, pulses, soy chunks, besan, sugar, and wheat flour, AWL has expanded beyond edible oil. Along with their flagship brand, Fortune, Adani Wilmar offers a variety of brands in their product line.
In order to modernise real estate, Adani Realty has been creating residential, commercial, and social club projects totaling more than 64 lakh square metres (69 million square feet, approximately) in Ahmedabad, Mumbai, Gurgaon, Kochi, and Mundra, according to their official website reports.
Adani gained a foothold in the horticulture industry with the aid of top-notch packaging operations and storage facilities. The company invented controlled environment apple storage technique, revolutionising the Himachal Pradesh apple farming and storage ecosystem and launching the well-known “Farm-Pik” brand. This business strategy has aided apple growers all around the state in establishing thriving livelihoods for themselves.
Being the country’s largest commercial port operator, Adani group supports the expanding trade. It has a national footprint thanks to its distribution among 13 domestic ports in eight marine states: Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, Odisha, and West Bengal. The port facilities are outfitted with cargo handling infrastructure including dry freight, liquid cargo, crude, and containers.
Gujarat Giants is in accordance with Adani Sportsline’s broader objective of cultivating a sports culture at the grassroots level and providing opportunities for future champions to compete on a global scale. In 2017, it began its trip. The “Garjega Gujarat” squad, which entered the Pro-Kabaddi League finals in 2017 and 2018 and finished as runner-up in both, roared its way there with their catchphrase.
Adani has purchased a 63.15% stake in Ambuja Cements Ltd. and a 56.69% stake in ACC Ltd. (of which 50.05% is held through Ambuja Cements) to help the Indian cement industry. Adani has become India’s second-largest cement manufacturer as a result of this purchase.
A 100% subsidiary of Adani Transmission Ltd., Adani Electricity Mumbai Ltd. (AEML) engages in power generation, transmission, and retail electricity distribution. With a 99.99% reliability rate, it provides service to over three million customers distributed throughout 400 sq. km. in Mumbai and its surroundings.
One of Adani’s main areas of interest is the Adani Foundation, the Group’s Corporate Social Responsibility arm. More than 3.4 million people are impacted annually by the Foundation’s pan-India activities in the crucial fields of education, healthcare, sustainable livelihoods, and community infrastructure development in 2315 villages spread across 18 Indian states.
Apart from these, the Adani group is also involved in energy and utilities, transportation, airports, incubation, solar power energy, water management, agri logistics and others. With a net worth of $56 billion, he is the richest man in the country.
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The Financial Express