Mumbaia few moments ago
- copy link
In the coming time, Adani Group is trying its best to make a good penetration in sectors like infrastructure, power generation and information technology, the result of which will be seen in the coming times.
- A total of 6 airports in the country were allotted to Adani’s company for 50 years.
- Lucknow, Mangaluru, Jaipur, Guwahati, Thiruvananthapuram and Ahmedabad airports were
Asia’s second and world’s 14th richest businessman Gautam Adani is once again in the news. This time he has a bigger plan. It is reported that they will list their group company Adani Airport in the stock market. Through this, they will raise a huge amount of 25 to 29 thousand crores.
Adani has 6 companies listed
At present, there are a total of 6 companies listed in the Adani Group. Their market capitalization is Rs 8.50 lakh crore. Adani is Green Energy in terms of market capitalization. Its market cap is Rs 1.93 lakh crore. Last week it was Rs 2 lakh crore. The company plans to make Adani Airport Holding a holding company with a separate airport business of the group.
Adani is the Infra King of India
Actually Adani wants to be the infra king of India. Most of their companies work in this sector. From coal business to mining, port and power plant, his companies are doing a lot of business. Now the new business is in his eyes, apart from the airport, on defense and data center.
Entered the airport business in 2019
Adani Airport entered the airport business in the year 2019. It was allotted a total of 6 airports in the country for 50 years. It had Lucknow, Mangaluru, Jaipur, Guwahati, Thiruvananthapuram and their own state Gujarat’s Ahmedabad airport. Apart from this, he also has a stake in Mumbai Airport. Mumbai airport is the second busiest airport in the country. He has a 74% stake in it. With this, their share in the new airport to be built in Navi Mumbai has also been decided.
In a very short span of time, the Adani Group has made its foray into the country in the airport business. They account for about 10% of India’s air travel passengers.
Amount raised by selling stake
Recently, Adani has raised a significant amount from top global investors by selling stake in its companies. These include Adani Green Energy, Adani Power Transmission, Adani Total Gas etc. The total company is from France which is with Adani in the gas business. Adani’s new airport in focus
It’s the same. The growth that the Adani Group has seen is because the group is fully working on Modi’s plans.
Modi and Adani come from the same state
Modi and Adani come from the same state. Adani has always been a target of opposition because of his close proximity to Prime Minister Narendra Modi. The group’s energy sector and the renewable company have been instrumental in increasing Adani’s net worth. From the business point of view, many policies of the government have been favorable to the Adani Group.
Adani Group started from the business of commodities in 1980
Gautam Adani, who started the commodity business in 1980, came into the limelight when he managed to win a coal project in Australia in 2010. However, the project is targeted by environmentalists. The country’s largest bank State Bank of India (SBI) is still shying away from giving it loans. That’s why this project is still stuck. Adani was selected as one of the tenders from 86 companies for Australia’s coal plant.
There is a debt of Rs 1.47 lakh crore
The Adani Group has a total debt of Rs 1.47 lakh crore to banks and other companies. This current year i.e. from April to March 2022, the company has set a target of raising Rs 12,000 crore and will spend it in the airport business. In the next 3-5 years, the company will invest 30 thousand crore rupees on the airport business. Due to this the debt on him will increase to 21 thousand crore rupees. Adani Group has won the contract to develop the port terminal in Sri Lanka.
Adani Enterprises Limited, a group company, entered into an agreement with EdgeConneX last month to develop and operate data centers across the country.
infrastructure In Investment from become strong
Tim Buckley, director of Australia and South Asia at IEEFA, said Adani is a savvy businessman and has been investing in infrastructure projects for a long time. As long as India maintains a strong growth trajectory, this group has the potential to go a long way under his leadership. Adani had said at the JP Morgan India Summit in September that the focus on India’s infrastructure is the motto of our philosophy of nation building. Our group has created thousands of jobs. Has given good returns to its shareholders.
Adani’s interest coincides with the priorities of the central government
Adani’s interest in attracting foreign capital also coincides with the priorities of the central government. Warburg this month invested $110 million in Adani Ports and Special Economic Zones. French company Total invested a total of Rs 1.81 lakh crore in Adani Green. In the coming times, the Adani Group is trying its best to make a significant inroads in sectors like infrastructure, power generation and information technology, the results of which will be seen in the coming times.