Latest news with #AdaniEnterprises
Time of India
19 hours ago
- Business
- Time of India
'We never backed down': Gautam Adani says 'Adani Group has become more unbreakable & resilient' amid challenges, scrutiny
This is an AI generated image (left) and Gautam Adani (Right) NEW DELHI: Gautam Adani , Asia's second-richest person, said the Adani Group stayed strong and adapted its strategy despite facing a series of acquisitions and intense scrutiny, becoming stronger and more resilient. "In the face of fierce headwinds and relentless scrutiny - we have never retreated. Instead - we have recalibrated. We have reimagined. And we have become - more formidable, more unbreakable, more stronger and more resilient!" Adani said in the recent annual report of Adani Enterprises. He also announced that the conglomerate plans to invest $15–20 billion over the next five years across its businesses, backed by a strong balance sheet and steady growth. Adani noted that people often ask him "How does Adani Group keep doing it? How do we rise, time and again?" "My answer remains the same: Our conviction is anchored in clarity. Our objectives are aligned with India's ambitions. And our strength comes from the belief that you - our shareholders - place in us," he said. In January 2023, a report by US short-seller Hindenburg Research accused the Adani group of being "the largest con in corporate history," causing stock prices to crash and wiping out over $150 billion in market value. The group's largest public offering was also called off. Adani Group reduced debt, cut back on pledged promoter shares, attracted new investments, and refocused on its core businesses. Just as it began to recover, the group faced fresh allegations from US authorities, accusing it of bribery to win Indian power contracts and misleading investors, during fund raises. Adani Group denied all wrongdoing and said the group had faced challenges before and would face them again. Despite the setbacks, most Adani stocks have rebounded, and the group has reported record earnings. Regarding the US Department of Justice and SEC allegations concerning Adani Green Energy, he asserted that this wasn't their first challenge. "Nor will it be the last," he continued. "Every challenge sharpens our resolve. Every setback becomes a stepping stone," he stated, emphasising that no member of Adani Group faces charges of violating Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice. "We live in a world where negativity often echoes louder than truth. But as we cooperate with legal processes, let me also restate - emphatically - our governance is of global standards, and our compliance frameworks are robust and non-negotiable," Adani further added. The conglomerate's diverse portfolio spanning ports, airports, renewable energy, data centres, defence manufacturing, and city gas distribution has demonstrated substantial expansion in recent years. "History should remember us not for the size of our balance sheet, but for the strength of our backbone. Not just for the markets we entered, but for the storms we handled and emerged stronger. For it is easy to lead in sunshine, but true leadership is forged in the face of crisis," he said. Adani also highlighted record profits across the group's ports-to-energy businesses for the financial year 2024–25. He further said that the Adani Airports handled a record 94 million passengers, and the Navi Mumbai Airport is set to open later this year with an initial capacity of 20 million passengers, eventually expanding to 90 million. Adani Defence is developing ammunition and missile systems in Kanpur, and its surveillance and Kamikaze drones played a role in the recent Operation Sindoor, he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
20 hours ago
- Business
- Business Standard
Adani Group stood firm amid scrutiny, now more formidable: Gautam Adani
Despite facing consecutive acquisitions and intense scrutiny, Adani Group never backed down and instead adapted its strategy, emerging more resilient, formidable and unbreakable, its chairman Gautam Adani said. The conglomerate will invest $15-20 billion over the next five years across businesses, he said touting its strong balance sheet and robust business growth. In January 2023, US short seller Hindenburg Research published a scathing report describing Adani Group as "the largest con in corporate history". The fallout was swift: stock prices plummeted, wiping out over $150 billion in market value at the lowest point, and the group's biggest public offering was abruptly scrapped. Just as the group scripted a comeback through a mix of trimming of debt, cutting back on the founder's pledged shares, bringing in both promoter and marquee investor equity, and refocusing attention on the group's core businesses, it was hit by US authorities charging Adani and his close associates of allegedly paying bribes to secure Indian power supply contracts and misleading US investors during fund raises. Adani Group denied all allegations of wrongdoing and went about refocusing its efforts, resulting in most of its stocks recovering and the group posting record earnings. "In the face of fierce headwinds and relentless scrutiny - we have never retreated. Instead - we have recalibrated. We have reimagined. And we have become - more formidable, more unbreakable, more stronger and more resilient!" Adani said in the latest annual report of the group's flagship Adani Enterprises. Adani, Asia's second-richest, said people often ask him "How does Adani Group keep doing it? How do we rise, time and again?" "My answer remains the same: Our conviction is anchored in clarity. Our objectives are aligned with India's ambitions. And our strength comes from the belief that you - our shareholders - place in us." On the allegations by the US Department of Justice and the US SEC relating to Adani Green Energy, he said this was not the first time the conglomerate was tested. "Nor will it be the last". "Every challenge sharpens our resolve. Every setback becomes a stepping stone," he said adding despite all the noise, fact is that none from Adani Group has been charged with violating Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice. "We live in a world where negativity often echoes louder than truth. But as we cooperate with legal processes, let me also restate - emphatically - our governance is of global standards, and our compliance frameworks are robust and non-negotiable." Group's businesses - from ports to airports, from renewable energy generation to data centres, defence manufacturing and city gas - have grown over the past couple of years. "History should remember us not for the size of our balance sheet, but for the strength of our backbone. Not just for the markets we entered, but for the storms we handled and emerged stronger. For it is easy to lead in sunshine, but true leadership is forged in the face of crisis," he said. Strength is not just power - it is purpose, clarity and the will to rise. And resilience is not endurance alone - it is reinvention in the face of adversity. "When combined, it helps us do our part for building an India that refuses to bend, refuses to break and never stops believing in its own future," he said. Adani went on to tout record profits of his ports-to-energy companies posted in fiscal year 2024-25. "And while the numbers tell their own compelling story - in a year of record-breaking revenue, unprecedented growth and historic profitability - the deeper truth is that these milestones are reflections of our relentless strength and tenacity. They are proof of a Group that dares to dream beyond constraints, powered by a nation that breathes possibility into every tomorrow ahead of us," he said. Adani Power crossed 100 billion units of power generation, added 2.3 gigawatt (GW) of conventional capacity, funded Rs 12,000 crore in capex mainly through internal accruals, and secured a 1,500 megawatt power supply deal in Maharashtra. It is now well on track to reach 31 GW capacity by 2030. Adani Green reached an operational renewable energy (RE) capacity of over 14 GW and is on target to build the world's largest RE plant of 30 GW at Khavda in Gujarat and a total of 50 GW of renewables capacity by 2030. Also, with over 5,000 MW of pumped hydro storage targeted to be installed by 2030 and a 40-year 1,250 MW energy storage deal with Uttar Pradesh, it is setting global benchmarks in the space of energy transition, he said. Adani Energy Solutions had a huge year, securing Rs 43,990 crore in transmission orders and executing Rs 13,600 crore worth of smart metering projects. It retained its No.1 electricity distribution company rank in India and became the only private player with three national HVDC grid links in its portfolio. Clean energy vertical Adani New Industries has an order book for construction of a 300 MW electrolyser plant and is on track to expanding its solar module manufacturing lines to 10 GW integrated by next financial year. Adani Ports handled an all-time high cargo volume of 450 million tonne and cornered 27 per cent market share in India. The group is building data centres, rapidly expanding city gas and EV charging network and rebuilding Mumbai's Dharavi - Asia's largest slum. "Over 1 million people will move from narrow lanes to sunlit, modern homes," he said on Dharavi redevelopment. "Inspired by Singapore's housing model and co-designed with global experts, the township will feature spacious layouts, dual toilets, open spaces, schools, hospitals, transit hubs and parks." Adani Natural Resources produced a record 47 MT coal and iron ore and is on track to achieve over 30 per cent growth by FY26, he said. Group's copper plant in Kutch, Gujarat has started while the cement business has crossed 100 MTPA capacity and is on track to hit 140 MT by 2027-28, he said. Adani Airports handled a record 94 million passengers across airports it manages, he said adding Navi Mumbai Airport will open later this year with an initial passenger capacity of 20 million of what will eventually become a 90 million passenger airport. Adani Defence is making ammunition and missile capabilities in Kanpur while its surveillance drones and Kamikaze drones aided the recent Operation Sindoor, he said.
Entrepreneur
2 days ago
- Business
- Entrepreneur
Adani Commits Up to $20 Billion Annual Capex
This aggressive capex strategy comes alongside a proposed INR 15,000 crore fundraising plan through a share sale or preferential allotment, for which shareholder approval is being sought. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Gautam Adani has doubled down on Adani Enterprises' growth strategy, announcing an unprecedented capital outlay of up to $20 billion annually over the next five years. In his annual letter to shareholders, the Adani Group chairman positioned the move as a bold vote of confidence in India's long-term economic trajectory and the group's ability to align with national priorities. "Our capital investment across businesses is set to break all records. We anticipate an annual capex spend of $15–20 billion for the next five years," Adani stated, in his annual letter to Adani Enterprises shareholders. The focus, he noted, will be on building out infrastructure and utility verticals, signalling a shift towards sectors the company sees as pivotal to India's future. This aggressive capex strategy comes alongside a proposed INR 15,000 crore fundraising plan through a share sale or preferential allotment, for which shareholder approval is being sought. In FY25, Adani Enterprises marked a significant financial milestone, with total income crossing the INR 1 trillion threshold for the first time—a 2.1 per cent year-on-year rise. This growth was underpinned by strong performance from its incubating businesses. The group also reported a 7 per cent increase in revenue and an 8.2 per cent jump in Ebitda, with a net debt-to-Ebitda ratio at 2.6x, which Adani described as "healthy." While outlining the group's ambitious investment roadmap, Adani also addressed the ongoing scrutiny from U.S. regulators. Adani Green Energy, one of the group firms, is under investigation by the U.S. Department of Justice and the Securities and Exchange Commission. Adani was unequivocal in his response. "Let me be clear, this was not the first time we have been tested, nor will it be the last. Every challenge sharpens our resolve," he said. He reinforced the group's commitment to compliance and governance, adding, "As we cooperate with legal processes, let me also restate emphatically, our governance is of global standards, and our compliance frameworks are robust and non-negotiable." Among its headline projects, the conglomerate is leading India's most ambitious urban renewal initiative with the Dharavi redevelopment. "Over one million people will move from narrow lanes to sunlit, modern homes," Adani wrote. The plan includes building schools, hospitals, open spaces, and transit hubs, signalling a comprehensive reimagining of one of Mumbai's most densely populated areas. The letter underscores Adani's message: the group is not retreating. It's expanding—with scale, speed, and unwavering confidence.
NDTV
22-05-2025
- Business
- NDTV
Adani Group Posts Stellar 2024-25 Performance; EBITDA Hits All-Time High
Ahmedabad (Gujarat): Adani Group has posted a stellar performance in the recently concluded financial year 2024-25 with its EBITDA hitting an all-time high of Rs 90,000 crore (USD 10.5 billion). It also made a record capital expenditure of Rs 126,000 crore (USD 14.7 billion) in 2024-25. Its Profit After Tax (PAT) rose to an all-time high of Rs 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 Rs 59,936 crore (USD 7 billion) from Rs 17,000 crore (USD 2 billion) 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. Adani Ports & SEZ Ltd Volumes increased 7% YoY to 450 MMT, driven by strong growth in the container volume, up 20% Vizhinjam crossed the 100,000 TEUs milestone in March 2025, just four months after becoming operational. Ambuja Ltd ACL has now crossed 100 MTPA capacity--an increase of 21 MTPA since 2023-24 end.
Business Upturn
17-05-2025
- Business
- Business Upturn
Nifty 50 top gainers this week (May 17): Bharat Electronics, Adani Enterprises, Hero MotoCorp, Jio Financial Services and more
By Aman Shukla Published on May 17, 2025, 09:26 IST India's benchmark stock indices—Nifty 50 and Sensex—delivered a strong performance this week, surging over 4% as market sentiment turned positive. Investors largely shrugged off geopolitical concerns, while Foreign Institutional Investors (FIIs) resumed buying in domestic equities, boosting momentum across sectors. Over the past week, the Nifty 50 index jumped 4.2%, while the Sensex rose around 3.6%. Several Nifty 50 stocks posted impressive weekly gains with Bharat Electronics, Adani Enterprises and Hero MotoCorp leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Nifty 50 Top Gainers This Week Bharat Electronics closed at ₹363.9, marking a 15.2% gain over the week. Adani Enterprises ended the week at ₹2555.0, reflecting a 13.5% weekly increase. Hero MotoCorp posted a weekly rise of 12.8%, closing at ₹4345.3. Jio Financial Services gained 11.5% over the week, closing at ₹277.0. Shriram Finance saw a 10.7% increase for the week, finishing at ₹665.5. Bajaj Auto closed at ₹8482.5, showing a 10.4% weekly rise. Tata Steel registered a 10.3% gain, ending the week at ₹157.6. Trent recorded a 9.2% increase over the week, closing at ₹5583.0. Tech Mahindra ended at ₹1617.0 with a weekly gain of 8.3%. Eternal closed at ₹245.8, reflecting an 8.2% increase for the week. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Adani enterprisesBharat ElectronicsHero MotocorpJio Financial ServicesNifty Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
