Adani Group
 |
 | |
| Company type | Public limited company |
|---|---|
| BSE: 512599, NSE: ADANIENT | |
| Industry | Conglomerate |
| Founded | 1988 |
| Founder | Gautam Adani |
| Headquarters | , |
Area served | India |
Key people | Gautam Adani (Chairman) |
| Products | Resources, Logistics, Energy & Agri business |
| Services | Resources, Logistics, Energy & Agri business |
| Revenue |  US$ 7.7 billion (2012) |
 US$ 390 million (2012) | |
| Total assets | US$ 20.6 billion (2012) |
| Subsidiaries | Adani Ports & SEZ Limited, Adani Power, Adani Gas Limited |
| Website | http://www.adani.com |
Overview
The Adani Group (BSE: 512599) is a global integrated infrastructure player with businesses in Resources, Logistics and Energy sectors [1] The Adani group has interests in agribusiness too. It owns Fortune India’s largest edible oil brand through a joint venture with Willmar in Singapore. [2]
The Flagship Company of the Adani group is Adani Enterprises Limited. Adani is an Indian conglomerate, having its footprint across the world with the industrialist Mr. Gautam Adani as its Chairman and promoter. The corporate headquarters of the company is situated in the city of Ahmedabad, India
Companies
The various companies under the group are:
- Adani Gas Limited
- Adani Enterprises
- Adani Power
- Adani Wilmar
- Adani Mining
- Gujarat Adani Port
- Adani Ports & SEZ Limited
- Adani Agri Logistics
- Adani Agri Fresh
- Adani Properties
- Adani Welspun
- Adani Logistics Limited
The corporate headquarters of the company are in the city of Ahmedabad, India.
Power
Adani Power has a 4,620 MW thermal power project in Mundra, Kutch region, 3300 MW in Tiroda, Maharashtra and 1320 MW at Kawai, Rajasthan . In March 2012 company synchronized its last 9th unit of 660 MW at Mundra and successfully completed the Mundra Project of 4620 MW in committed time, thereby APL become the world largest SINGLE LOCATION coal based Thermal power plant in private sector. Now at Mundra company has 4 unit 330 MW and 5 unit 660 MW. At location Tiroda, Maharashtra 01 unit out of 05 has been synchronized in the mid of 2012 another is going to synchronize in the end of 2012.[citation needed],
It has plans to set up a total of 16,500 MW by 2015 and 20,000 MW by 2020.[citation needed]
Adani Gas Limited is one of the largest natural gas distributors in India.[citation needed]
Coal
Adani Enterprises in August 2011 bought a coal mine in Australia for about Rs 12,600 crore (Rs 126 billion) in a cash and royalty deal. It will invest $6.9 billion in developing its recently acquired Australian coal mines. Group will develop mine, rail and port project in its Galilee Basin coal mine in Queensland, Australia to produce up to 60 million tonnes of coal a year at its peak.[1]
Special Economic Zone
The GAPL and the SEZ venture was merged before IPO so GAPL does stand as an entity now. GAPL is also in talk with Orissa government for setting up an all weather port near POSCO project. MPSEZ is the largest private port in India and growth shows it will be the no. 1 port by cargo handling by 2020.[citation needed]
Ports controlled by Adani Group are:
- Adani Mundra Port
- Adani Hazira Port
- Adani Murmugoa Coal Terminal
- Adani Vizag Coal Terminal Pvt. Ltd.
- Adani Abbot Point Terminal Pvt. Ltd.
- Adani Group
Edible oil
Adani Wilmar is the largest manufacturer of edible oil in India with a market share of about 45%. Adani Enterprises is the largest trading house of India in importing coal with a market share 60%. It also supplies coal to NTPC, India. Adani group became India's largest private coal mining company after Adani Enterprises bagged Orissa mine rights.[2]
Due to high growth, its flagship company, Adani Enterprises, was placed among the top 50 Asian companies by Forbes Asia in the year 2009 and its rank is 1865 in Forbes Global 2000 for 2010.[citation needed]
Philanthropy
ADANI group manages one management college namely (AIIM) and a medical college, GAIMS at Ahmedabad.
- Gujarat Adani Institute of Medical Sciences (GAIMS) – Ahmedabad
- Adani Institute of Infrastructure Management (AIIM) – Ahmedabad
Rajesh Adani, Vice Chairman of the Adani Group, is nominated to the Finance Committee of the Pandit Deendayal Petroleum University, Gandhinagar, Gujarat.[citation needed]
References
- ^ "Adani to invest $6.9 bn in Australian coal project". business.rediff.com. Archived from the original on 21 October 2010. Retrieved 25 October 2010.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Adani to develop Orissa coal mine". The Economic Times. 27 October 2010.
External links
