Mega Empire:The story of the 13 lakh crore group, whose owner narrowly survived the 26/11 attacks

One such group, if you sit to see the business of Shahrukh Khan’s film Raees, the dialogue ‘No business is small and no religion is bigger than business’ starts spinning in the mind. From household rations to coal mines, railways, airports to seaports, there are dozens of businesses where the Adani Group has a major presence. What is the secret of the success of this group of Gautam Adani? What is the group’s ups and downs and business journey? Today in Mega Empire we will know about this Adani group…

A young man left his studies and reached Mumbai for the sake of dreams. The

year was 1978, a young man studying in college leaves the college in the middle of his studies for the sake of dreams and reaches Mumbai from Ahmedabad. In the 80s, where people were coming to Mumbai only to become a hero, on the other hand this boy i.e. Gautam Adani went out to try his luck in the world of diamonds. Just like not every person who reaches Mumbai succeeds in becoming a hero, the same happened with Adani. Adani worked in Mumbai for about 3 years but his luck did not shine with that diamond.

The disaster turned into an opportunity and the foundation of the Adani Group

began to shine when his elder brother called him to Ahmedabad in 1981. Brother had bought a plastic wrapping company but she was not able to walk. The raw material required by that company was not sufficient. Turning this disaster into an opportunity, Adani started importing plastic granules at Kandla Port and in 1988 laid the foundation of ‘Adani Enterprise Limited’.

From here officially started the journey of Adani Group which started commodity trading of products like metals, agricultural products and textiles. Within a few years, this company and Adani became the big names of this business. According to the website of Adani Enterprise, the company’s shares were listed on BSE and NSE in the year 1994. At that time its share price was Rs 150, but this was just the beginning. Today the share price of Adani Enterprises is Rs 2147.45.

Adani Group’s business has spread to countries like Australia-Indonesia

According to Fortune India magazine, in 2010, Adani had bought coal mines from Australia’s Link Energy for 12,147 crores. This mine in Geely Best Queen Island has mineral deposits of 7.8 billion tonnes, which can produce 60 million tonnes of coal every year.

Indonesia has abundant natural resources such as oil, gas and coal, but due to lack of infrastructure, it was not possible to take adequate advantage of these resources. In 2010, the Adani Group announced a capital investment of 1.5 billion dollars for the transportation of coal from Indonesia’s South Sumatra. For this, an agreement was signed with the government there for the rail project to be built in South Sumatra.

Adani Group Joins Group With Market Cap Of 20 Lakh Crore Adani Group Joined Group

With Market Cap Of 20 Lakh Crore In April 2022. It is the third group in India after Tata and Ambani to achieve this position. Seven companies of the Adani Group are listed on the stock exchange. Five of Adani’s companies have a market cap of more than Rs 1 lakh crore, while two companies Adani Power and Adani Wilmar have a market cap of Rs 98,000 crore and Rs 82,000 crore.

World’s largest solar plant owns Adani

Adani Green Energy gave the world’s largest solar plant to the country on 21 September 2016. This solar plant of 648 MW capacity is in Tamil Nadu. An investment of Rs 4,550 crore was made on this unit of the Adani Group.

Adani , the owner of the Adani group, survived the 26/11 terrorist attack, was a narrow survivor of the 26/11 terrorist attack in Mumbai on November 26, 2008. On November 26, Adani was having dinner with the CEO of Dubai Ports at the Taj Hotel restaurant. They hid overnight in the kitchen and bathroom of the restaurant. He was safely evacuated at 8.45 am. Earlier in 1998, Adani and Shantilal Patel were abducted at gunpoint for ransom in Ahmedabad. He was later released.

Takeover of Ambuja and ACC

Adani Group recently won the bid to acquire the Indian business of Holcim Group. The deal was done for around Rs 81,360 crore. The Holcim Group holds 63.1 per cent stake in Ambuja Cement and 54.53 per cent in ACC and will now belong to the Adani Group. This is the biggest acquisition till date by the Adani Group. This Swiss company entered India 17 years ago.

The total debt of the rest of the group stood at Rs 1 lakh crore in FY17. 2.24 lakh crore in FY22 from Rs. It is done. According to reports, after the Holcim deal, this debt is estimated to be Rs 3 lakh crore.

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