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<keyword id="111343" type="General" weightage="80" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>, Chairman, <keyword id="6367820" type="General" weightage="50" keywordseo="adani-group" source="Orion">Adani Group</keyword>, has said that the combined Group market capitalisation this year exceeded $200 billion. "We were able to raise billions of dollars from the international markets, a direct validation of confidence in the <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> and <keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> growth story. Our growth and success have been recognised around the world. Several foreign governments are now approaching us to work in their geographies and help build their infrastructure. Therefore, in 2022, we also laid the foundation to seek a broader expansion beyond India's boundaries," he said at the annual general meeting (AGM) of Adani Enterprises Limited (<keyword id="236769" type="General" weightage="50" keywordseo="ael" source="Orion">AEL</keyword>). The success of the Adani Group is based on its alignment with the India growth story, and it is my strong conviction that there is no other nation that is as well positioned as India, said Gautam Adani. "The best evidence which showcased our confidence and belief in the future, is our investment of $70 billion in facilitating India's green transition. We are already one of the world's largest developers of solar power. Our strength in renewables will empower us enormously in the effort to make green hydrogen the fuel of the future. We are leading the race to turn India from a country over-reliant on import of oil and gas, to a country that might one day become a net exporter of clean energy. "While we now hold a major global renewable energies portfolio, we have made also remarkable progress in several other industries over the past 12 months. In one stroke, we have become the largest airport operator in India. "Around these airports that we operate today we are engaged in the adjacent businesses of developing aero-tro-polises and creating localised community based economic centres. We continue to grow as builders of India's infrastructure, winning some of the largest road contracts in the nation and growing our already substantial market share in business such as ports, logistics, transmission and distribution, city gas and piped natural gas. "Our successful IPO of Adani Wilmar makes us the largest FMCG company in the country. And following the acquisition of Holcim's assets in India that include two of the most recognised brand names across the country, <keyword id="6374289" type="General" weightage="50" keywordseo="acc" source="Orion">ACC</keyword> and <keyword id="105382" type="General" weightage="50" keywordseo="ambuja-cements" source="Orion">Ambuja Cements</keyword>, we are now the second largest cement manufacturer in India. This is a classic example of our adjacency based business model at work. In addition, we have also made entries in sectors ranging from data centres, digital super apps, and industrial clouds to defence and aerospace, metals, and materials, all aligned with the government's vision of an Atmanirbhar Bharat," he says. Gautam Adani said the group's rising market capitalisation has been supported by a robust and sustained growth in our cash flows. "Our focus on operational excellence across our portfolio and the accretive capacity addition delivered an EBITDA growth of 26 per cemt. Portfolio EBITDA stood at Rs 42,623 crore. This diversified growth was reflected across our range of businesses. Our utility portfolio grew by 26 per cent, our transport and logistics portfolio grew by 19 per cent, our FMCG portfolio grew by 34 per cent, and Adani Enterprises Limited, our incubator business, grew by 45 per cent. AEL's unique business model has no parallel and we intend to leverage this further." The high growth of AEL provides the Group with a reliable foundation for the continued development of new businesses for yet another big decade. "While we may look back and feel content, it is only now that we are gathering real momentum. What we have been able to achieve in two decades, is become India's largest integrated infrastructure business based on a rapid extension into adjacent businesses. This has resulted in our transformation into an integrated 'platform of platforms' that combines an energy platform with a logistics platform, both of which help us with unprecedented access to the Indian consumer. I today know of no company that has such an unique business model with potential access to an unlimited B2B and B2C market for the next several decades," Gautam Adani said.

Our group's combined market cap exceeds $200 billion, says Gautam Adani

<ul class="summary-list"><li>Indian tycoon Gautam Adani's companies have lost over $110 billion in market value since a US short seller attack in January.</li><li>Since then, Adani's ties with Prime Minister Narendra Modi have come under scrutiny.</li></ul>Indian tycoon Gautam Adani's troubles with his conglomerate's stock price have spilled over to his country's politics — his ties to Prime Minister Narendra Modi have now come under scrutiny.Ever since US short seller Hindenburg Research released a scathing <a href="https://hindenburgresearch.com/adani/" target="_blank" rel="noopener nofollow">report</a> on January 24 alleging a "brazen stock manipulation and accounting fraud scheme" at the conglomerate, the shares of Adani Group companies have <a href="https://markets.businessinsider.com/news/stocks/adani-hindenburg-shares-india-sebi-regulator-calm-market-2023-2">been in freefall.</a> And now angry protestors are demanding an investigation into these allegations. On Monday, hundreds of Indian opposition party members demonstrated on the streets of New Delhi, hitting out at investments into Adani's firms made by several state-backed companies as a market rout tore through the companies, <a href="https://www.reuters.com/world/india/indias-adani-shares-see-extended-sell-off-credit-warnings-kick-2023-02-06/" target="_blank" rel="noopener">Reuters</a> reported.Even Modi has been dragged into the kerfuffle — since both he and Adani are from the western Indian state of Gujarat. The prime minister's political opponents say that the leader favors Adani — a claim the Modi government has rejected, per <a href="https://www.reuters.com/world/india/indias-adani-shares-see-extended-sell-off-credit-warnings-kick-2023-02-06/" target="_blank" rel="noopener">Reuters.</a> Adani himself told a local TV channel on Friday that claims of his rise are thanks to a close friendship with Modi are "baseless," reported the <a href="https://timesofindia.indiatimes.com/business/india-business/gautam-adani-says-crediting-his-rise-to-pm-modi-a-baseless-allegation/articleshow/97569363.cms" target="_blank" rel="noopener">Times of India.</a> "The fact of the matter is that my professional success is not because of any individual leader," said Adani.<div type="image" title="Activists of the youth wing of India's main opposition Congress party try to break a police barricade during a protest against what they say are investments by Life Insurance Corporation (LIC) and State Bank of India (SBI) in Adani Group, in New Delhi, India, February 6, 2023." height="2816" width="3754" msid="97692100" hostid="261" sizebytes="710962"></div>Still, perceived coziness between Modi and Adani has become an asset to Modi's political opponents, Steno Research, a Denmark-based research house, wrote in a February 3 <a href="https://www.smartkarma.com/insights/india-watch-why-india-suffers-when-china-is-open-for-business" target="_blank" rel="noopener nofollow">report</a> published on the Smartkarma research platform."The Hindenburg scandal is the perfect weapon for the Indian political opposition against PM Modi. Not only is Modi's relationship with Adani coming into question, Modi's growth model is too," the research firm wrote.The Adani Group itself said in a <a href="https://www.adani.com/-/media/Project/Adani/Invetsors/Adani-Response-to-Hindenburg-January-29-2023" target="_blank" rel="noopener nofollow">January 29 report</a> refuting Hindenburg's claims that the short sellers' report was "not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity, and quality of Indian institutions, and the growth story and ambition of India."In response, <a href="https://hindenburgresearch.com/?p=2500" target="_blank" rel="nofollow noopener">Hindenburg</a> said Adani was trying to take the focus away from substantive issues and was stoking a "nationalist narrative" instead.But, "the patriotic outcry is not entirely unfounded," noted said Steno Research.<div type="image" title="Opposition parties' MPs stage a protest over Adani row at the Gandhi statue, in the Parliament complex, on February 6, 2023 in New Delhi, India." height="3336" width="4449" msid="97692103" hostid="261" sizebytes="992582"></div>The selloff in Adani shares — which <a href="https://www.bloomberg.com/news/articles/2023-02-03/adani-rout-spurred-by-short-seller-among-biggest-in-history">topped $110 billion in two weeks</a> — <a href="https://www.businessinsider.com/adani-ambani-bad-month-indian-billionaires-lost-billions-2023-1?utm_medium=ingest&amp;utm_source=markets" rel="">spilled over</a> into the broader Indian markets. The benchmark Sensex and Nifty 50 indices dipping lower, which is prompting concerns about corporate governance and debt in the country — this could also have wider implications."The Adani Group — with investments in ports, roads, rail, airports, and power — is now a crucial vehicle for India's economic ambitions under PM Narendra Modi Combined with Adani's vast debt intake, some commentators are fearing that the Hindenburg report is threatening the wider Indian economy," added Steno Research in its February 3 report.On its part, the Adani Group has been troubleshooting hard. On <a href="https://markets.businessinsider.com/news/stocks/gautam-adani-net-worth-billionaire-world-richest-list-hindenburg-shortseller-2023-1?_gl=1*f11orn*_ga*MTMwNjYzODQ5MS4xNjMzMzIwMTA2*_ga_E21CV80ZCZ*MTY3NTc0NjA0OS4yNDU4LjEuMTY3NTc0Njg0OC4wLjAuMA..&amp;utm_medium=ingest&amp;utm_source=markets" rel="">January 29,</a> it released a <a href="https://www.adani.com/-/media/Project/Adani/Invetsors/Adani-Response-to-Hindenburg-January-29-2023" target="_blank" rel="noopener nofollow">413-page report</a> defending itself against Hindenburg's allegation — just three days after saying it was <a href="https://markets.businessinsider.com/news/stocks/adani-group-legal-action-hindenburg-short-seller-2023-1?_gl=1*f2o1x6*_ga*MTMwNjYzODQ5MS4xNjMzMzIwMTA2*_ga_E21CV80ZCZ*MTY3NTc0NjA0OS4yNDU4LjEuMTY3NTc0Njk3MS4wLjAuMA..&amp;utm_medium=ingest&amp;utm_source=markets" rel="">exploring potential legal action</a> against the short seller.They even sought to restore investor confidence by prepaying $1.1 billion in loans, the conglomerate said in a <a href="https://www.adani.com/Newsroom/Media-Release/Statement-On-Pledge-of-Shares-of-Adani-Listed-Companies" target="_blank" rel="noopener nofollow">statement</a> on Monday. It said the move was made "in light of recent market volatility."And it seems to be working — some Adani Group-related stocks appeared to be lifted by the news.The conglomerate's flagship company, Adani Enterprises shares were 15.6% higher by 2.45 p.m. local time, while those of Adani Ports and Special Economic Zone climbed 2.4%. Shares of Adani Transmission were also up about 1%. Adani Green Energy, Adani Power, and Adani Total Gas were all 5% lower.

India's stock market crisis isn't just the Adani Group's problem — it's a political issue for Prime Minister Modi too

Gautam Adani has become a legend today by taking his Adani Group’s businesses to new heights. His contribution to the growth of Indian infrastructure and economy are highly significant. Engaged in a wide range of businesses from coal mining, exploring gas and oil to power generation and ports, the Adani group is one of the biggest operators of ports in the nation. A great inspiration to the aspiring entrepreneurs, Gautam Adani has a number of interesting things about him. Here are 10 interesting facts that will make our eyebrows raise in admiration of this business legend. 1. A school dropout Gautam Adani was a school drop out from the commerce department of CN Vidyalaya in Ahmedabad. Since long, Mumbai’s thriving diamond business allured him. He mastered the insider tricks of the business within three years. 2. An awesome visionary During his school days, Adani visited Gujarat’s Kandla Port. On that day, he decided he would also build something like that in his life or even bigger than that. From that day, he chased his dream which came true in a bigger dimension. 3. He paved his own road to growth Gautam Adani was born in a family owning a textile business. But, he was never interested in his family business and made his first million within three years of his Mumbai life as a diamond broker. Adani was a self-made millionaire at the age of 20. 4. Sealed a 6,000 crore deal within 100 hours With his amazing negotiation skills, he obtained the Udupi Thermal Power Plant in a 6,000 crore rupees deal. The entire negotiation process lasted for not more than 100 hours. 5. His company is the biggest private power producer in the country Adani power limited is the power business of the Adani Group that owns a number of thermal power plants that produce up to 4620 MW. His company is the largest private power producer and the largest solar power producer in the country. 6. Gives about 3% of the Group’s earnings for philanthropic activities The Adani foundation is run with 3% of the profits he makes from the Adani Group ventures. Adani Vidya Mandir School in Ahmedabad provides free education to children from low-income families. 7. Through his port project, he realized his childhood dream In 1995, the Adani Group secured the contract for privately running the Mundra Port in Gujarat. Gautam turned it into the largest private port in India thus realizing his childhood dream in a manifold. 8. His group ranks high in the infrastructure segment Adani Group is ranked as the country’s most trusted infrastructure brand in “The Brand Trust Report 2015”. 9. He works with a mantra In an interview with the press people, he said that he works with a mantra that steered his way towards success. Throughout his entire life, he focused on trying rather than getting obsessed with the results. 10. He is the brain behind India’s port-rail linkage policy He approached the then Railway Minister of India Nitish Kumar and convinced him about the national importance of a scheme that would connect the country’s ports with the main railways. Following this, the port-rail linkage policy of the government was crafted. See Also - <a href="https://www.businessinsider.in/business/news/top-10-richest-people-in-the-world/articleshow/74415117.cms">Top 10 richest people in the world</a> <a href="https://www.businessinsider.in/entertainment/news/top-10-richest-actresses-of-india/articleshow/72018327.cms">Top 10 Richest Actress in India </a> <a href="https://www.businessinsider.in/meet-the-top-10-richest-actors-in-india/articleshow/69645149.cms">Top 10 richest actor in India</a>

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Our group's combined market cap exceeds $200 billion, says Gautam Adani

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India's stock market crisis isn't just the Adani Group's problem — it's a political issue for Prime Minister Modi too

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Gautam Adani - Some interesting facts about Gautam Adani that you should know

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