Here's What Adani Group Chairman Gautam Adani Said In His AGM Address To Shareholders

Gautam Adani, in his address, said the group has been able to become India’s largest integrated infrastructure business in two decades, 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.

Focus on operational excellence across the portfolio and the accretive capacity addition, Adani said, delivered an Ebitda growth of 26%.

• Portfolio Ebitda stood at Rs 42,623 crore.

• Utility portfolio grew by 26%.

• Transport and logistics portfolio grew by 19%.

• FMCG portfolio grew by 34%.

• Adani Enterprises, the incubator business, grew by 45%.

"The high growth of Adani Enterprises provides the Group with a reliable foundation for the continued development of new businesses for yet another big decade," he said.

Gautam Adani said following the acquisition of Holcim’s assets in India – ACC and Ambuja Cements – the Adani Group is now the second largest cement manufacturer in India. "This is a classic example of our adjacency-based business model at work."

• Our combined group market capitalization this year exceeded $200 billion.

• 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.

• 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.

• We were able to raise billions of dollars from the international markets – a direct validation of confidence in the India and Adani growth story.

• Our rising market capitalisation has been supported by a robust and sustained growth in our cash flows.

• 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.

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 believe our scale, our diversified business, and our track record of performance positions us very strongly to continue to perform well in a variety of market conditions.

Gautam Adani, in his address, said India’s projected GDP growth number of 8% over this current year is very achievable.

Gautam Adani, in his address, said India's renewable energy capacity has increased 300% since 2015

• Now over 75% of the surging incremental demand that India needs is expected to be met through renewable energy generation.

• 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.

The market capitalisation for Adani Enterprises, the incubator arm and flagship entity of the Adani Group, has nearly doubled since July 26 last year to Rs 2.9 lakh crore from Rs 1.54 lakh crore.

Billionaire Gautam Adani is set to address shareholders at the annual general meeting of Adani Enterprises Ltd. today at 10 a.m. The shareholders' meetings for group companies Adani Ports and Special Economic Zones Ltd. and Adani Total Gas Ltd. are also scheduled for today, while that of Adani Power is set for tomorrow.

Over the past year, the Ahmedabad-based conglomerate has forayed into new sectors such as cement and data centres, while growing further in its core sectors of mining and logistics.

Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.