A person running ahead is not always the winner- The avowed race between Gautam Adani and Mukesh Ambani has been close to the fence for quite some time now. Oprah Winfrey has once said that running is the greatest metaphor for life because you get out of it what you put into it. And this time Adani seems to be the winner.
Gautam Adani is once again leading the list
As per a report by the Burgundy Private Hurun India 500, Gautam Adani-led Adani Group has staged a remarkable increase in valuation of its assets. In six months to April 2022, an 88.1 per cent jump has resulted in jump in valuation to Rs 17.6 lakh crore.
While comparing to this, Mukesh Ambani-led Reliance Industries saw a 13.4 percent rise in value to Rs 18.87 lakh crore, which helped it retain the top rankings.
In the same listing, Tata Consultancy Services stood second at Rs 12.97 lakh crore despite a 0.9 percent decline in value. TCS was followed by HDFC Bank, Infosys, and ICICI Bank.
The Burgundy Private Hurun India 500 showed the exceptional growth of the Adani Group. It’s a proof of Gautam Adani’s continuous presence in almost every sector. All his businesses are on a rapid upsurge leading the owner of Reliance Industries to make way for Adani.
Among the firms by Gautam Adani, the valuation for Adani Green Energy rose fastest at 139 percent to Rs 4.50 lakh crore which propelled it to accomplish the sixth position from sixteenth in just six months.
Areas for Adani’s business roots
The FMCG Company, Adani Wilmar has recorded growth of nearly 190 per cent to Rs 66,427 crore. The company is currently catering to a large group of Indian customers with essential Kitchen commodities. All of it comes alongside a broad spectrum of prices suitable for different customer groups.
The incredibly growing Indian Conglomerate, Adani Group, is incessantly trying to expand its roots in almost every sector of the economy. The Ahmedabad-based businessman is focusing on the sectors that can be the key to a strong and modern India. He is rapidly expanding in green energy, defence, airports or aviation, logistics, data, water, gas, mining, and real estate. His aim is to modernize India by developing the areas where the government wants to build massive capacity.
Compared to India’s other power projects Adani’s thermal power project is already at least 7 percent less emission-intensive. Adani’s plant is among the most emission efficient in the world.
Apart from this, experiments for carbon capture and utilization are also underway. Adani Transmission Ltd. plans to increase the share of renewable power procurement from 3 per cent to 30 per cent in two years and 70 per cent by the year 2030.
The Adani group has also built India’s largest commercial port over the last two decades. Adani has over 12 ports and terminals. Adani Ports and Special Economic Zone Ltd. is India’s largest commercial port operator and integrated logistics player with a capacity of 498 million metric tonnes per annum. In the year 2020, it was holding 223 million metric tonnes of cargo. It is further planning to take 40 percent of country’s trade market by the year 2025.
The growth rate of Adani under PM Modi
According to Business Standard, Adani Group has recorded a significant growth in terms of revenues and profits since 2014. In the year 2014, its revenue was Rs. 56,902.6 crores with a net profit of around 1000 crores. It further nosedived in 2017 by marking the negative level of 2000 crores as net profit. After this drastic decline, it jumped to a net profit of 7,064.9 crores in 2021 registering revenue of Rs. 69,839 crore.
For a decade, the Adani group has been recording a blistering momentum and is consistently building an empire of “The Adani’s” through acquisitions. Since 2014, it has documented around 30 acquisitions. Recently, after the mega acquisition of Holcim’s assets, Ambuja Cement and ACC were acquired for a whopping $10.5 billion. With this, the Adani Group has now become India’s second-largest player in the Cement sector.
PM Modi is a guardian for India
After the arrival of Prime Minister Narendra Modi in 2014, India has witnessed dramatic growth in almost every sector. From infrastructure to the energy sector, the leadership of PM Modi has contributed to the new golden pages which are to be comparted in Indian history.
Businessman Gautam Adani is working on the footprints of PM Narendra Modi, in cherishing India as the next superpower that is well developed from every aspect and in every sector. Its proof can be derived from Adani’s efforts through investing in sectors that are considered crucial by Modi for the Indian economy.
Taking the help of various government initiatives like, Aatma Nirbhar Bharat, Make In India, and many more, Gautum Adani has taken the business industry to greater standards. The current surging graph of Gautam Adani is a stepping stone towards establishing India as an imperium.
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