Aug 3, 2022By: BI India Bureau
Adani Transmission, the power transmission company of the Gautam Adani Group, surpassed HDFC and Bajaj Finance in terms of market capitalization.
Adani Transmission’s market cap stood at ₹4.4 lakh crore, making it the Eighth biggest company in India.
Reliance Industries (RIL) continued to be the biggest enterprise in India with a market cap of ₹17.4 lakh crore, followed by Tata Consultancy Service (TCS) in second position at ₹12 lakh crore.
Gautam Adani continues to be the third richest man in the world. He has added $60.9 billion to his net worth since the start of this year, according to Bloomberg Billionaires Index.
Adani Transmission is currently the highest valued company of the Gautam Adani Group, followed by Adani total gas who stands at the 13th spot with a market cap of ₹4 lakh crore.
Adani Green Energy with a market cap of ₹3.8 lakh crore. It is followed by Adani Enterprise, whose market cap is at ₹3.7 lakh crore.
Adani Enterprise is the 16th biggest company in India as its market cap stood at ₹3.7 lakh crore . At the moment, it is valued higher than Avenue Supermarts that owns DMart, Maruti Suzuki, HCL, Wipro, Sun Pharma and Titan.
Adani Ports, an integrated ports and logistics company in India at the moment as its market cap stands at ₹1. 7 lakh crore. The company’s share price has gained 8.5 percent year-to-date.
Indian power and energy company Adani Power has a market cap of ₹1.2 lakh crore, as on August 3, 2022. It is ranked at the 41st spot, right after SBI Life Insurance and Pidilite.
Adani Wilmar is the least valued among Adani Group’s listed entities as it ranks at the 55th spot. Its market cap on August 3, 2022, stood at ₹89,287 crore. It was listed earlier this year in February, and has given 154 percent returns to its investors so far.