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Adani Enterprises

Adani Group

Adani Group

Company Name: Adani Enterprises

Type: Public limited company (BSE: 512599 | NSE: ADANIENT | ISIN: INE423A01024)

Industry: Trading

Founded: 1988

Founder(s): Gautam Adani

Headquarters: Ahmedabad, Gujarat, India

Products/Services : Resources, Logistics, Energy & Agribusiness

Subsidiaries: Adani Ports & SEZ Limited, Adani Power, Adani Gas Limited

Website: adani.com

The Adani Enterprises is a global integrated infrastructure player with businesses in Resources, Logistics and Energy sectors. The Adani group has interests in agribusiness too. 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. Adani is an Indian conglomerate, having its footprint across the world. First generation entrepreneur Mr. Gautam Adani is the founder & chairman of Adani Group. The corporate headquarters of the company is situated in the city of Ahmedabad, India

The Adani Group commenced as a commodity trading firm in 1988. The company quickly grew 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. At the same time, the firm also earned a reputation for scale, efficiency and quality. 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.

In 2011, Dahej Port 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.

Adani Power has a 4,620 MW thermal power project in Mundra, Kutch region, 3300 MW in Tiroda, Maharashtra and 1320 MW at Kawai, Rajasthan . In March 2012 company synchronized its last 9th unit of 660 MW at Mundra and successfully completed the Mundra Project of 4620 MW in committed time, thereby APL become the world largest SINGLE LOCATION coal based Thermal power plant in private sector. Now at Mundra company has 4 unit 330 MW and 5 unit 660 MW. At location Tiroda, Maharashtra 01 unit out of 05 has been synchronized in the mid of 2012 another is going to synchronize in the end of 2012.

It has plans to set up a total of 16,500 MW by 2015 and 20,000 MW by 2020.

Adani Gas Limited is one of the largest natural gas distributors in India.

Adani Enterprises in August 2011 bought a coal mine in Australia for about Rs 12,600 crore (Rs 126 billion) in a cash and royalty deal. It will invest $6.9 billion in developing its recently acquired Australian coal mines. Group will develop mine, rail and port project in its Galilee Basin coal mine in Queensland, Australia to produce up to 60 million tonnes of coal a year at its peak.

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 and growth shows it will be the no. 1 port by cargo handling by 2020.

Ports controlled by Adani Group are:

Adani Mundra Port
Adani Hazira Port
Adani Murmugoa Coal Terminal
Adani Vizag Coal Terminal Pvt. Ltd.
Adani Abbot Point Terminal Pvt. Ltd.

Adani Wilmar is the largest manufacturer of edible oil in India with a market share of about 45%. 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 bagged Orissa mine rights.

Due to high growth, its flagship company, Adani Enterprises, was placed among the top 50 Asian companies by Forbes Asia in the year 2009 and its rank is 1865 in Forbes Global 2000 for 2010


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