Adani Group a New Pillar of Indian Economy
The Adani Group was founded by the famous Indian industrialist and billionaire Gautam Adani as a commodity trading business with its flagship company Adani Enterprises. However, with time, the group extensively diversified its portfolio to carry out several businesses, including electric power generation and transmission, mining, port management, electric power, renewable energy, airport, infrastructure, natural gas, and food processing. The Group currently operates at 70 locations in 50 countries.
Adani Group has stood for so long in the market owing to its transport logistics, and energy utility portfolio businesses focused on infrastructural development in the country on a large scale.
Adani Group a New Pillar of Indian Economy
The Adani Group consists of seven publicly traded companies and serves as a new pillar of the Indian economy. If you also want to ride on the success wave of the group, you can consider the following companies for online investing.
Adani Enterprises
The company is primarily engaged in trading and mining iron ore and coal on a self-sustaining basis. It also acts as an incubator for the new business ventures of Adani Group. There are three subsidiaries of Adani Enterprises – Adani Airport Holdings for the airport operations, Adani Wilmar for food processing, and Adani Road Transport for the development of roads. In 2015, Adani Enterprises was recognised as India’s most trusted infrastructure brand by The Brand Trust Report. Currently, the Adani Enterprise share is traded at INR 2683 (Aug 2, 2022).
Adani Green Energy
Housing wind and solar power plants in its portfolio, Adani Green Energy serves as a renewable energy arm in the country. With a total capacity is 12.3 GW, it is the world’s largest solar power developer.
Adani Ports and SEZ
Adani Ports and SEZ is the largest private port company, which operates in special economic zones with ten ports. The largest among them is the Mundra Port. The company’s main line of work includes port management and logistics in the special economic zones.
Adani Power
It was established in August 1996 and operates by developing and maintaining power projects. In India, it is the largest private power generation company.
Adani Wilmar
It is a joint venture between Adani Enterprises Ltd. and Wilmar International Ltd. It manufactures edible oils, including soya bean oil, sunflower oil, etc.
Adani Total Gas
It is a city gas distribution company that serves both industries and residents with compressed natural gas stations and piped natural gas connections.
Adani Transmission
It was integrated in 2013 and handles the operations, maintenance, and commissioning of electric power transmission systems in the country.
Adani Group’s Contribution to the Economy
The Adani Group maintains a huge portfolio of companies involved in power plants, ports, mines, natural gas, food distribution, ships, and railway lines. These sectors play a key role for any country in achieving its economic goals.
By strengthening and enhancing India’s capability in the key production areas, the Group also attracts foreign institutional investors’ interest in the country’s online investing market, which again boosts the Indian economy.
