Adani Enterprises

From Wikipedia, the free encyclopedia

Adani Enterprises Limited
TypePublic
ISININE423A01024
Founded2 March 1993; 28 years ago (2 March 1993)
FounderGautam Adani
Headquarters
Shantigram, Khodiyar, Ahmedabad, Gujarat
,
India
Area served
Worldwide
Key people
Services
RevenueIncrease ₹40,290.93 crore (US$5.4 billion) (2021)[1]
Increase ₹2,462.82 crore (US$330 million) (2021)
Increase ₹922.64 crore (US$120 million) (2021)
Total assetsIncrease ₹51,616.72 crore (US$6.9 billion) (2021)
Total equityIncrease ₹18,910.01 crore (US$2.5 billion) (2021)
ParentAdani Group
Subsidiaries
  • Adani Airport Holdings
  • Adani Cement
  • AdaniConneX
  • Adani Defence & Aerospace
  • Adani Mining
  • Adani Road Transport
  • Adani Solar
  • Adani Water
  • Adani Welspun Exploration
  • Adani Wilmar
Websitewww.adanienterprises.com

Adani Enterprises Ltd is an Indian multinational public company and a subsidiary of Adani Group. It is headquartered in Ahmedabad and has business interests in coal mining and trading, airport operations, edible oils, road, rail and water infrastructure, data centers, hydrocarbon exploration, defence and aerospace, multimodal logistics, and agro commodities. It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis.[2]

History[]

The holding company was incorporated in 1993 under the name Adani Exports Limited.[3] Its general purpose is to act as an in-house incubator for Adani Group's new businesses until they become self-sustainable.[4][5]

It is a publicly listed company which, through its various subsisidiaries, is involved in solar PV module manufacturing,[6] water infrastructure,[7] data centers,[8] agri-output storage and distribution,[9] defence and aerospace,[10] bunkering,[11] rail and metro infrastructure,[12] real estate,[13] financial services,[14] oil exploration,[15] petrochemicals,[16] and cement.[17]

Subsidiaries[]

Adani Airport Holdings[]

Adani Airport Holdings is the airport management and operations subsidiary. It is the majority stakeholder in Mumbai International Airport Limited (MIAL), which owns the Chhatrapati Shivaji Maharaj International Airport and the under-construction Navi Mumbai International Airport. In addition, the company has 50-year lease on Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore and Thiruvananthapuram international airports, starting January 2021. It will operate, manage and develop all six airports for 50 years.[18][19]

Adani Cement[]

It is a wholly-owned subsidiary that has yet to commence its business operations. The group has plans to set up a cement plant in Maharashtra which will have an initial capacity of 5 million tonnes per annum with an approximate investment of ₹900-1,000 crore.[20] The group has also proposed a 10-million tonnes per annum Lakhpat cement plant but it is on hold for some time.[21]

AdaniConneX[]

AdaniConneX was launched in 2021 as a 50:50 joint venture with EdgeConneX to develop a network of hyperscale data centers in India, starting with Chennai, Navi Mumbai, Noida, Visakhapatnam and Hyderabad.[22][23][24]

Adani Defence & Aerospace[]

It is a defense manufacturing arm of the company. It manufactures with armed drones such as Hermes 900 UAV[25] and small arms such as IWI Negev , Tavor TAR-21, and IWI ACE.[26] As a part of a joint venture between Elbit Systems from Israel and Adani Defence and Aerospace, a manufacturing facility for unmanned aerial vehicle have been set up at Hyderabad, Telangana, inaugurated in 2019.[27][28] In April 2020, Adani Defence Systems and Technologies acquired Alpha Design Technologies Pvt Ltd., an organization involved in the design, development, and manufacture of defense electronics and avionics.[29] Further, in September 2020, Adani acquired a 51 percent stake in PLR Systems Private Ltd which was incorporated in 2013 and engages in manufacturing and supply of indigenously built defense equipment to the armed forces.[30]

Adani Mining[]

Adani Enterprises operates its mines in India, Indonesia and Australia, and supplies coal to Bangladesh, China, and some countries in Southeast Asia. It has a coal mine in Bunyu, North Kalimantan, Indonesia, which produced 3.9 Mt of coal in 2016–17. The Group has made the largest investment by an Indian company in Australia at the controversial Carmichael coal mine in the Galilee Basin, Queensland, but development of this mine is as of 2020 the subject of a court challenge to the Australian Government over its lack of adherence to environmental legislation.[31]

In 2020, Adani Australia, the controversial Australian mining arm of Adani Enterprises was rebranded as Bravus Mining & Resources.[32][33][34] The new subsidiary is responsible for developing Carmichael coal mine in Central Queensland.[35]

Adani Road Transport[]

Adani Road Transport undertakes construction, operations and maintenance of roads, highways, expressways and tollways.[36] The company has NHAI projects in the states of Chhattisgarh,[37] Gujarat,[36] Kerala,[38] Madhya Pradesh,[39] Odisha,[40] Telangana,[41] and West Bengal.[42]

Adani Solar[]

Adani Solar is the solar PV manufacturing and EPC subsidiary of Adani Enterprises. As of November 2020, it is the largest integrated solar cell and module manufacturer in India.[43]

Adani Water[]

It was founded as a subsidiary in December 2018, with a focus on water infrastructure construction. It is currently involved in wastewater treatment, recycle and reuse projects at Prayagraj under the National Mission for Clean Ganga Framework.[44]

Adani Welspun Exploration[]

Adani Welspun Exploration is a 65:35 joint venture between Adani Group (through Adani Enterprises) and Welspun Enterprises. It is involved in oil and gas exploration.[45]

Adani Wilmar[]

Incorporated in 1999, Adani Wilmar is a food processing company and a joint venture between Adani Enterprises and Wilmar International. In November 2000, Adani Wilmar launched its flagship brand "Fortune" under which it produces and sells edible oil, flour, rice, pulses, sugar, soya nuggets and instant food mixes.[46] The company also makes personal care products like soaps, handwash and hand sanitizers under "Alife" brand.[47]

Former subsidiaries[]

Former subsidiaries Adani Ports & SEZ, Adani Power and Adani Transmission were demerged from Adani Enterprises in 2015,[48] whereas Adani Green Energy and Adani Gas were demerged in 2018.[49][50]

References[]

  1. ^ "Stock share price of Adani Enterprises". BSE India.
  2. ^ "Adani Enterprises becomes second-most valuable Adani Group firm". Business Standard India. 4 June 2021. Retrieved 20 July 2021.
  3. ^ "Adani Enterprises Ltd". Business Standard India. Retrieved 20 July 2021.
  4. ^ "Adani Enterprises Limited - CARE Ratings Analyst Report" (PDF). CARE Ratings. 30 September 2020. Retrieved 20 July 2021.
  5. ^ Dhir, Sanjay; Sushil (16 April 2019). Cases in Strategic Management: A Flexibility Perspective. Springer. ISBN 978-981-13-7064-9.
  6. ^ "Adani Green arm transfers 74% stake held in Mundra Solar Energy to Adani Enterprises". India Infoline. Retrieved 1 June 2021.
  7. ^ "Adani Enterprises incorporates subsidiary - Prayagraj Water". Business Standard India. 27 December 2018. Retrieved 1 June 2021.
  8. ^ "Adani Enterprises, EdgeConneX form new data center JV, AdaniConneX". mint. 23 February 2021. Retrieved 1 June 2021.
  9. ^ Singh, Ruchira (21 January 2015). "Adani in slow, strategic bid to stay ahead in agriculture". mint. Retrieved 1 June 2021.
  10. ^ "Adani Enterprises gains as Airbus, Adani Defence sign MoU". Business Standard India. 7 February 2020. Retrieved 1 June 2021.
  11. ^ Sood, Jyotika; Bhaskar, Utpal (28 February 2017). "Adani Enterprises plans ship-fuelling business expansion". mint. Retrieved 7 June 2021.
  12. ^ Prasad, Rachita (17 October 2019). "Adani Enterprises sets up new arm for metro rail business". The Economic Times. Retrieved 8 June 2021.
  13. ^ Jog, Sanjay; Kamath, Raghavendra (28 May 2014). "Adani in realty push, lines up projects". Business Standard India. Retrieved 1 June 2021.
  14. ^ Kurup, Rajesh. "Adani Capital acquires Essel Finance's MSME loan business". Business Line. Retrieved 1 June 2021.
  15. ^ "Adani Welspun finds gas in offshore Mumbai". Mint. Retrieved 21 June 2021.
  16. ^ "Adani Enterprises incorporates wholly-owned arm Mundra Petrochem Limited". The Economic Times. Retrieved 2 July 2021.
  17. ^ "Adani Enterprises Incorporates New Subsidiary For Cement Business". Moneycontrol. Retrieved 18 June 2021.
  18. ^ Gandhi, Forum. "Adani takes over MIAL, Navi Mumbai airports after a 2-year tussle with GVK". Business Line. Retrieved 5 June 2021.
  19. ^ "Adani Group completes acquisition of 23.5% stake in Mumbai Airport; to hike ownership to 74%". www.businesstoday.in. Retrieved 25 April 2021.
  20. ^ Vora, Rutam. "Adani Enterprises plans 5-MTPA cement plant in Maharashtra". @businessline. Retrieved 20 July 2021.
  21. ^ "As cement demand in Gujarat, Karnataka soars, Adani Cementation to set up Rs 3,000 cr worth plants". The Financial Express. 18 March 2017. Retrieved 20 July 2021.
  22. ^ "Adani Enterprises, EdgeConneX form JV to develop data centers in India". The Financial Express. 23 February 2021. Retrieved 20 July 2021.
  23. ^ "Adani Group forms equal JV with US company to build data centre parks in 6 Indian cities". The Economic Times. Retrieved 20 July 2021.
  24. ^ Hariharan, Sindhu (13 April 2021). "Flipkart partners with Adani Group for data centre in Chennai". The Times of India. Retrieved 20 July 2021.
  25. ^ "Adani opens UAV facility". The Hindu. Special Correspondent. 15 December 2018. ISSN 0971-751X. Retrieved 20 July 2021.CS1 maint: others (link)
  26. ^ Pubby, Manu. "Adani Defence to focus on small arms and ammo, anti-drone systems". The Economic Times. Retrieved 20 July 2021.
  27. ^ Rao, Ch Sushil; Bharadwaj, Swati; Rathor, Swati. "Hyderabad adding muscle to India's armed forces | India News - Times of India". The Times of India. Retrieved 20 July 2021.
  28. ^ Lasania, Yunus Y. (14 December 2018). "Adani Elbit UAV complex inaugurated in Hyderabad". mint. Retrieved 20 July 2021.
  29. ^ "Adani Enterprises arm acquires Alpha Design Technologies". @businessline. Retrieved 20 July 2021.
  30. ^ "Adani's defence subsidiary acquires majority stake in PLR Systems". Business Standard India. 11 September 2020. Retrieved 20 July 2021.
  31. ^ "ACF challenges Morrison Government decision to not apply water trigger to Adani pipeline". Australian Conservation Foundation. 16 March 2020. Retrieved 31 August 2020.
  32. ^ Adani launches new brand for its mining business to celebrate 10 years in Australia Bravus Mining & Resources 5 November 2020
  33. ^ Adani Australia rebrands to Bravus Mining and Resources Australian Mining 5 November 2020
  34. ^ Crooked not courageous: Adani renames Australian group Bravus, mistaking it for brave The Guardian 5 November 2020
  35. ^ Adani on track for first Carmichael mine coal exports in 2021 Brisbane Times 16 July 2020
  36. ^ a b "Adani Enterprises road biz receives LoA from NHAI". Business Standard India. 19 March 2021. Retrieved 6 July 2021.
  37. ^ "Adani forays into road infrastructure, wins Rs 1,140-crore highway project in Chhattisgarh". The New Indian Express. Retrieved 6 July 2021.
  38. ^ "Adani bags Rs 1,838 crore Kerala road project from NHAI". Business Today. Retrieved 6 July 2021.
  39. ^ "Adani Enterprises wins Rs 866 cr highway project from NHAI in Madhya Pradesh". Business Standard India. 31 March 2020. Retrieved 6 July 2021.
  40. ^ "Adani Enterprises bags Rs 1,169 crore highway project from NHAI in Odisha". The New Indian Express. Retrieved 6 July 2021.
  41. ^ "Adani Transport wins ₹1,040 crore highway contract from NHAI in Telangana". mint. 24 March 2021. Retrieved 6 July 2021.
  42. ^ "Adani Road Transport secures NHAI road project in West Bengal". Business Standard India. 3 April 2021. Retrieved 6 July 2021.
  43. ^ Mishra, Lalatendu (23 November 2020). "Adani Solar to add 2-GW cell and module capacity at Mundra". The Hindu. ISSN 0971-751X. Retrieved 20 July 2021.
  44. ^ "Adani Enterprises incorporates a new subsidiary, Prayagraj Water". Business Standard India. Press Trust of India. 27 December 2018. Retrieved 20 July 2021.
  45. ^ "Adani Enterprises updates on gas discovery by JV in Tapti-Daman Sector". mint. 10 June 2021. Retrieved 28 October 2021.
  46. ^ "Adani Wilmar completes 20 years of Fortune brand; to set up new plants across businesses". The Financial Express. 24 November 2020. Retrieved 10 March 2021.
  47. ^ Vora, Rutam. "Adani Wilmar sees food business growing 3x over oils in next five years". Business Line. Retrieved 5 June 2021.
  48. ^ Pathak, Maulik (30 January 2015). "Adani announces mega demerger scheme, to list Adani Transmissions". mint. Retrieved 21 April 2021.
  49. ^ "Adani Enterprises trades ex-date to spin off its renewable energy biz". Business Standard India. 5 April 2018. Retrieved 21 April 2021.
  50. ^ "Adani Gas lists at ₹72 after demerger from parent AEL". Business Line. 5 November 2018. Retrieved 21 April 2021.

External links[]

Retrieved from ""