||It has been suggested that Adani Foundation be merged into this article. (Discuss) Proposed since September 2015.|
||This article may require cleanup to meet Wikipedia's quality standards. (September 2010)|
|Public Limited Company|
|Traded as||BSE: 512599, NSE: ADANIENT|
|Headquarters||Ahmedabad, Gujarat, India|
|Gautam Adani (Chairman)|
|Products||Resources, Logistics, Energy & Agribusiness|
|Services||Resources, Logistics, Energy & Agribusiness|
|Revenue||US$ 17.5 billion (31 July 2015)|
|US$ 4 billion (July 2015)|
|Profit||US$ 2.3 billion (July 2015)|
|Total assets||US$ 40 billion (As Of March 2015)|
Number of employees
|10,400 (As Of March 2015)|
|Subsidiaries||Adani Ports & SEZ Limited, Adani Power, Adani Gas Limited|
Adani Group is an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat, India. Its diversified businesses include resources, logistics, agribusiness and energy sectors. The Group is the largest port developer and operator in India with Mundra being the country’s largest commercial port. It owns Fortune, India’s largest edible oil brand through a joint venture with Willmar in Singapore. The Flagship Company of the Adani group is Adani Enterprises Limited. In April 2014, it added the 4th unit of 660 MW at its Tiroda Power plant, making Adani power the largest private power producer of the country.
The company was founded in 1988 as a commodity trading business. First generation entrepreneur Gautam Adani is the founder & chairman of Adani Group. According to Mr Gautam Adani,The Group was created with a vision of ‘Nation Building’ by developing assets of national economic significance. This reflects in the choice of businesses the group has entered and developed over the years. The corporate headquarters of the company is situated in the city of Ahmedabad.
The Adani Group commenced as a commodity trading firm in 1988, grew quickly and diversified into the import and export of multi-basket commodities. In the 1990s, it developed its own port in Mundra to provide a base for its trading operations. In 1995, Adani started construction at Mundra. In 1998, it became the top net foreign exchange earner for India. Soon in 1999, the company commenced coal trading, followed by a joint venture in edible oil refining in 2000 by forming Adani Willmar.
The group’s second phase started with the creation of large infrastructure assets. The company established a portfolio of ports, powerplants, mines, ships and railway lines within and outside India. In 2002, Adani handled 4 million MT of cargo at Mundra, becoming the largest private port in India. Later in 2006, the company became the largest coal importer in India with 11 million MT of coal handling.
The company expanded its business in 2008 as they bought Bunyu Mine in Indonesia having 180 million MT of coal reserves. In the subsequent year, the firm started 330 MW thermal power generation, followed by 2.2 million MT per annum edible oil refining capacity in India.
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 won the Orissa mine rights.
In 2011, Port of Dahej became operational and now has a capacity of 20 million MT capacity. The company also bought Galilee Basin mine in Australia with 10.4 billion MT of coal reserves. It also commissioned 60 million MT of handling capacity coal import terminal in Mundra, making it the world’s largest.
Further in the same year, the Adani group also bought Abbot Point port in Australia with 50 million MT of handling capacity. It also commissioned India’s largest solar power plant of 40 MW. As the firm achieved 3960 MW capacity, it became the largest private sector thermal power producer in India.
In 2012, the Adani Group took the next phase of growth. It has embarked on the third phase of development – an integration infrastructure business. It revamped its logo and developed a new identity. The company focuses on three important business clusters that include resources, logistics and energy.
Mundra Port, the flagship port of Adani Ports and SEZ Ltd. (APSEZL), has achieved a new landmark of handling 100 million metric tonnes in FY 13-14. Mundra is the only commercial port in India to have achieved such a unique feat. APSEZL, India’s largest port developer and operator is part of the Adani Group.
On 16 May 2014, Adani Ports acquired Dhamra Port on East coast of India for Rs 5,500 crore. Dhamra Port is a 50:50 joint venture between Tata Steel and L&T Infrastructure Development Projects which is now acquired by Adani Ports. The port commenced operations in May 2011 and handled a total cargo of 14.3 million tonnes (mt) in 2013-14. The acquisition of Dhamra port will help the company ramp up its capacity to over 200 million tonne by 2020, making it a leader among private sector port operators in the country.
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.
Ports controlled by Adani Group are:
- Adani Mundra Port
- Adani Hazira Port
- Adani Murmugoa Coal Terminal
- Adani Vizag Coal Terminal Pvt. Ltd.
- Adani Petronet Port Pvt. Ltd. (Dahej)
- Adani Kandala Bulk Terminal Pvt. Ltd.
- Adani Dhamra Port
- Adani Ennore Port
Adani Wilmar is the largest manufacturer of edible oil in India with a market share of about 20%...
Philanthropy - Adani Foundation
The Adani Foundation is the Corporate Social Responsibility arm of Adani Group, founded in 1996. The Foundation is registered under the Bombay Public Charity Trusts Act of 1950 and Society’s Registration Act 1860.
Other than Gujarat, the Foundation operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh and Odisha.
The focus of the activities are mainly on three major dimensions of human development which include expansion of sustainable livelihood opportunities, improving the status of health and education and broadening the range of choices by creating rural infrastructure. The Foundation conceptualises its purpose by consolidating the activities under four broad working areas that are as follows:
- Community Health
- Sustainable Livelihood Development
- Rural Infrastructure Development
Vision "Accomplish passionate commitment to the social obligations towards communities, fostering sustainable and integrated development, thus improving quality of life"
Mission "To play the role of facilitator for the benefit of the public without distinction of caste or community, sector, religion, class or creed, in the fields of education, community health, and promotion of social and economic welfare and upliftment of the people in general."
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.
Australian Expansion Controversy
Environmentalists are opposed to Adani's expansion in Carmichael, Australia. They cited concerns with pollution of the Great Barrier Reef with dredge spoil, as well as previous history of the group failing to control environmental damage in Mundra, India. As of November 2014, Mr Adani stated in an interview that his group "decided to dump the dredged material on land instead of dumping it near the Great Barrier Reef."
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- Special Correspondent (16 May 2014). "Adani Ports acquires Dhamra Port for Rs.5,500 cr". The Hindu. Retrieved 16 June 2014.
- "Adani Ports buys Dhamra Port from Tata Steel, L&T for Rs 5,500 crore". Business Today. 17 May 2014. Retrieved 16 June 2014.
- "Overview". Adani Foundation. Retrieved 16 June 2014.
- "Adani Foundation bags 3rd Annual Greentech CSR 2013 Award". India Environment Portal. 31 January 2014. Retrieved 16 June 2014.
- "Don't trust this company with our Great Barrier Reef". GetUp!. 6 Jun 2014. Retrieved 13 January 2015.
- "Adani’s record of environmental destruction and non-compliance with regulations" (PDF). Greenpeace Australia. 10 March 2014. Retrieved 26 November 2014.
- Sriram, R; John, Satish (25 November 2014). "Our business model is aligned with the national interest: Gautam Adani (interview)". The Economic Times (India). Retrieved 26 November 2014.