Gautam Adani, Chairman of the Adani Group, that has been caught up in regulatory scrutiny since US short-seller Hindenburg Analysis’s scathing report in 2023, mentioned that true management is created within the hearth of disaster. The industrialist mentioned that the conglomerate plans to speculate $15-20 billion throughout its companies.
Addressing the group’s annual basic assembly nearly, Adani spoke of the latest indictment by the US authorities in an alleged bribery scheme. The group has been accused of indulging in bribery to win a profitable renewable power provide contract. The group has been charged with violating US International Corrupt Practices Act (FCPA) or conspiring to impede justice.
“Even within the face of the storms and relentless scrutiny, the Adani Group has by no means backed down. As a substitute, we proved that true management isn’t in-built sunshine. It’s constructed within the hearth of disaster…This was examined once more final yr, after we confronted allegations from the US Division of Justice and the SEC referring to Adani Inexperienced Vitality,” he mentioned, including that nobody from the Adani Group has been charged with violating the FCPA.
“We reside in a world the place negativity typically echoes louder than the reality. And as we cooperate with authorized processes, let me additionally restate that our governance is of worldwide requirements, and our compliance frameworks are non-negotiable,” he mentioned.
The group plans to speculate a document $15-20 billion throughout companies over the subsequent 5 years. Adani additionally spoke of the corporate’s strong enterprise and robust stability sheet as a sign of the corporate’s credibility.
“By way of consolidated numbers, on the group-level, revenues grew by 7 per cent, EBITDA by 8.2 per cent, and our web debt-to-EBITDA ratio remained wholesome at 2.6x. Complete revenues have been Rs 2,71,664 crore and our adjusted EBITDA was Rs 89,806 crore,” he mentioned.
Adani mentioned his conglomerate goals not simply to construct companies however to create new prospects. Adani highlighted the group’s electrical energy technology unit, Adani Energy, which has crossed 100 billion items of technology and is on observe to succeed in 31 GW capability by 2030. The renewable power arm, Adani Inexperienced, is developing the world’s largest renewable power park at Khavda in Gujarat, focusing on 50 GW by 2030.
Combining thermal, renewable, and pumped hydro capacities, the group expects to realize 100 GW capability by 2030. The electrical energy transmission unit, Adani Vitality Options, secured almost Rs 44,000 crore in transmission orders and is executing Rs 13,600 crore value of sensible metering tasks.
Adani New Industries, the clear power vertical, is constructing electrolysers and factories to supply 10 GW of photo voltaic modules by the subsequent monetary yr. Adani Ports dealt with a document 450 million tonnes of cargo, whereas pure sources manufacturing reached 47 million tonnes of coal and iron ore, aiming for over 30 per cent development by FY26.
Concerning cement, after buying Holcim’s India enterprise two and a half years in the past, the group dedicated to doubling capability to 140 million tonnes every year by FY27-28. At present, 72 per cent of this goal is achieved, crossing 100 million tonnes.
Adani Airports dealt with a document 94 million passengers in FY25 and accomplished the primary check flight on the greenfield Navi Mumbai Airport, which is ready to open later this yr with an preliminary capability of 20 million passengers.
The group has launched gigawatt-scale renewable energy-powered knowledge centre campuses throughout a number of states. Adani Complete Gasoline now serves 1 million piped pure gasoline clients and operates 3,400 EV charging stations throughout 22 states.
One of the crucial transformative tasks is in Dharavi, Asia’s largest slum, being redeveloped into an bold city rehabilitation challenge. Over 1 million folks will transfer to a township that includes spacious layouts, twin bathrooms, open areas, faculties, hospitals, transit hubs, and parks.
Adani acknowledged {that a} nation’s future relies on the dangers entrepreneurs take, not simply coverage paperwork. He added that historical past ought to keep in mind them not for the scale of their stability sheet however for his or her resilience and management in crises.
