Adani Group

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Adani Group

Type	Public limited company
Traded as	BSE: 512599, NSE: ADANIENT
Industry	Conglomerate
Founded	1988 (1988)
Founder(s)	Gautam Adani
Headquarters	Ahmedabad, Gujarat, India
Area served	India
Key people	Gautam Adani (Chairman)
Products	Resources, Logistics, Energy & Agribusiness
Services	logistics, real estate, port services
Revenue	39,356 crore (US$7.85 billion)(2011-12)
Profit	1,839 crore (US$366.88 million)(2011-12)
Total assets	42,300 crore (US$8.44 billion)(2010-11)
Employees	9,000 (2011-12)
Subsidiaries	Adani Gas Limited Adani Power Adani Ports & SEZ Limited
Website	www.adani.com

Adani Group (usually called Adani Enterprises Ltd.) (BSE: 512599, NSE: ADANIENT) is an Indian conglomerate company headquartered in Ahmedabad, Gujarat, India. It was founded by Gautam Adani, who is the chairman of Adani Group.^[1] The core businesses of the group are commodities trading, edible oil manufacturing, Mundra port operations and distribution of natural gas. Adani Group has more than 50 companies under it.

Companies

The various companies under the group are:

• Adani Gas Limited
• Adani Enterprises
• Adani Power
• Adani Retail
• Adani Wilmar
• Adani Mining
• Gujarat Adani Port
• iCall India
• Adani Ports & SEZ Limited
• Adani Agri Logistics
• Adani Agri Fresh
• Adani Properties
• Adani Welspun

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 district. In March 2012 company synchronized its last 9th unit of 660 MW and successful completed it Mundra Project of 4620 MW, thereby become the world largest single location coal based power plant in private sector. Now at Mundra company has 4 unit 330 MW and 5 unit 660 MW.^{[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^[when?] 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.^[2]

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.

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.^[3]

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, GAIIM 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

External links

• Official website