Latest news with #AdGroup
Time of India
22-05-2025
- Business
- Time of India
Adani Group posts stellar 2024-25 performance; EBITDA hits all-time high
Ahmedabad: AdGroup has posted a stellar performance in the recently concluded financial year 2024-25 with its EBITDA hitting an all-time high of ₹90,000 crore. It also made a record capital expenditure of ₹126,000 crore in 2024-25. Its Profit After Tax (PAT) rose to an all-time high of ₹40,565 crore in 2024-25. The conglomerate as a whole witnessed a Return on Asset of 16.5 per cent, which it claimed to be one of the highest globally in the infrastructure space. "Prudent capital allocation has led to steady Return on Asset (ROA) at 16 per cent, showcasing no compromise on ROA to achieve high growth," it said in a statement. On Thursday, Adani Portfolio released 2024-25 results and credit compendium covering all its listed entities, summarising the key developments across the portfolio companies. "A key highlight of FY25 is the continued industry-beating Return on Assets of 16.5 per cent, which is amongst the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors," said Jugeshinder 'Robbie' Singh, GCFO, Adani Group. "Additionally, we have undertaken various initiatives related to governance and ESG, viz. Tax Transparency report released by all portfolio companies, in addition to all the other initiatives introduced over the past years, resulting in industry-best ESG scores and performance by international ESG rating agencies," he added. Here are some of the company-wise key highlights for 2024-25: Adani Enterprises: ANIL Solar Module sale increased 59 per cent year-on-year to 4263 MW. Expansion of the TopCon module and cell line for an additional capacity of 6 GW has started. Pax movements across Adani Airports rose by 7 per cent year-on-year to 94.4 million and cargo movements was up by 8 per cent year-on-year to 1.09 million tonne. Highest ever 2,410.1 Lane-KMs were constructed in the road business. 7 out of 8 under-construction projects are now 70 per cent complete. 500 KTPA (Kilo Tonnes per Annum) Copper smelter at Mundra is now operational and will be fully ramped up in the coming months. Adani Green Energy: Operational capacity increased by 30 per cent to 14,243 MW with the addition of 2,710 MW solar and 599 MW wind power plants. Adani Energy Solutions: Transmission order book increased 3.5x to ₹59,936 crore from ₹17,000 crore a year ago. Won seven new transmission projects during 2024-25, including Rajasthan Phase III Part-I (Bhadla - Fatehpur HVDC transmission line). This is the AESL's largest order win to date. Adani Power: Power generation at 102 billion units was 20 per cent higher year-on-year. Operational capacity has now increased to 17.5 GW, taking Adani's total utility portfolio to over 30 GW. Ambuja Ltd ACL has now crossed 100 MTPA capacity--an increase of 21 MTPA since 2023-24 end.
Time of India
03-05-2025
- Business
- Time of India
Aim is to make Vizhinjam port most efficient in logistics cost terms: Karan Adani
Vizhinjam: Karan Adani , the Managing Director of AdGroup's ports business, on Friday said they aim to make the just-launched Vizhinjam International Deepwater Multipurpose Seaport the most efficient port and help traders reduce their logistics costs . #Pahalgam Terrorist Attack India strikes hard! New Delhi bans all imports from Pakistan How Pakistan is preparing for the worst as India weighs response If India attacks Pakistan, China & B'desh should seize 7 NE states, says Yunus' aide The Prime Minister dedicated to the nation on Friday the Vizhinjam International Deepwater Multipurpose Seaport, the country's first dedicated container transshipment port . Talking to ANI, Karan Adani, MD, Adani Ports and SEZ, said they expect Phase 2 of the seaport in Kerala to be completed by 2028. The work for Phase 1 of the seaport is now complete. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Its natural deep draft of nearly 20 meters and location near one of the world's busiest sea trade routes further strengthen India's position in global trade. The seaport's current capacity is 1.2 million twenty-foot equivalent units (TEUs), and the aim is to increase it to 5 million TEUs by 2028. Live Events "We have to make this (seaport) one of the most efficient ports, not just in the country, but globally, and help the Indian importers and exporters reduce their logistics costs," Karan Adani said. Karan Adani said that Adani Ports' business targets at least a 25-30 per cent reduction in logistics costs. On the launch of operations at their ambitious seaport, which has faced several challenges, "We are proud that we built a full-class asset that will help the country and that the country can be proud of. Most importantly, it was one of the most challenging projects for the group. And it's good to see it coming to life and coming into operation." The execution of the Vizhinjam Port project was fraught with challenges - natural calamities, material shortages, agitations resulting from apprehension related to coastal erosion and livelihood loss, and the Covid pandemic that caused further delays. "We faced two cyclones, we faced strikes, we had seven million tons of rocks to bring in, which was a big challenge. But I must appreciate that the team has been extremely dedicated and strong in their commitment, and most importantly, I must thank the government of Kerala and the people of Trivandrum for supporting the project even during the toughest times," Karan Adani said. Amidst trade uncertainty emanating from US trade policy, he asserted that India is in a sweet spot. "So I think globally, though there is uncertainty, there is still growth. And we do believe that the South Asia region is going to grow. And if the country (India) needs to grow, trade has to grow almost twice the country's growth. And we are very bullish that the marine infrastructure, the ports, will be the key enabler in driving that growth," Karan Adani said. On the ambitious India-Middle East Corridor project, Karan Adani said their ports on the Indian western coast and in Israel's Haifa can play a key role. "I think it is a critical project for the country because it gives an alternate route outside the Suez Canal. That doesn't mean that the Suez Canal will shut down, but it just gives you an alternate route available to hedge your bets and avoid any disruption, as we saw when the ships grounded in the Suez Canal and affected the whole supply chain. As a country, if we have to be self-reliant in manufacturing and supply chain, IMEC plays a very important role. And that is where, on the Indian side, our ports on the western coast and the exit at Haifa, where we would like to connect and see how we can help the end consumers and the Indian exporters and importers improve their cost," he weighed. When asked about expansion plans for Adani Ports' business, without getting into specifics, he said that they always actively look for ports outside of India, predominantly in Southeast Asia. "This is our region. And we want to play in the Bay of Bengal and the Arabian Sea network. That is what we are looking at," he added.
