The Adani Group, founded by Indian billionaire Gautam Adani, has grown over the past few decades to become one of the largest business conglomerates in India. The group has diversified business operations across industries like power generation and transmission, ports, energy distribution, renewable energy, airport operations, mining, edible oils, cement manufacturing, real estate and more. Adani Group has a total of 7 major listed companies traded on the Indian stock exchanges that form the core of its business empire.
Adani Enterprises Ltd
Adani Enterprises Ltd (AEL) is the flagship company of the Adani Group. Founded in 1988, AEL started as a commodity trading business and later diversified into various infrastructure sectors. It is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Some of the key businesses operated by AEL include:
- Mining – Coal mining and trading business in India and Australia.
- Solar manufacturing – One of the largest solar module manufacturers in India.
- Roads – Develops and operates roads, highways and expressways.
- Airports – Develops and operates airports in India.
- Water – Provides water treatment and distribution services.
- Data Center – Develops and operates data center parks.
As the group’s flagship, AEL undertakes new and pioneering business ventures to provide a platform for the other group companies to grow. Over the years, AEL has incubated several new businesses which have then been demerged into separate companies.
Adani Ports and Special Economic Zone Ltd
Adani Ports and Special Economic Zone Ltd (APSEZ) was incorporated in 1998 as Gujarat Adani Port Ltd before getting renamed. APSEZ is India’s largest private multi-port operator and developer with presence across 11 domestic ports and terminals. Key features of APSEZ include:
- Largest port developer in India with portfolio of 10 ports.
- Accounts for nearly 1/4th of India’s port cargo handling capacity.
- Only port company in India to handle all types of cargo including liquid, dry bulk, break bulk and container cargo.
- Has a pan-India presence with ports on both eastern and western coasts.
- Also develops and operates special economic zones and logistics services.
APSEZ was the first port infrastructure company to get listed on Indian stock exchanges in 1998. It has grown rapidly since then through both organic growth and acquisitions.
Adani Power Ltd
Adani Power Ltd (APL), previously known as Adani Power Private Ltd, is the power generation arm of the Adani group. It was incorporated in 1996 and listed on stock exchanges in 2009. Key aspects of Adani Power’s business include:
- One of the largest private thermal power producers in India with over 12,450 MW generation capacity.
- Has thermal power plants and projects across various states – Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh.
- Uses a mix of coal, gas and renewable sources for power generation.
- Supplies power to industrial, commercial and residential consumers as well as to state electricity boards.
- Also undertakes electricity transmission projects.
Adani Power aims to achieve 20 GW capacity by 2025 and become the world’s largest solar power company by 2030.
Adani Green Energy Ltd
Adani Green Energy Ltd (AGEL), previously Adani Green Energy Private Ltd, is the renewable energy arm of the Adani group. It was formed in 2015 to consolidate the group’s renewable energy business which was erstwhile handled by Adani Enterprises Ltd. Details of AGEL’s business are:
- Largest solar power developer in India with over 5,900 MW operational capacity currently.
- Develops, builds, owns, operates and maintains utility-scale grid connected solar and wind farm projects.
- Has renewable energy projects spread across 11 states in India.
- Aim to achieve 25 GW renewable capacity by 2025.
- Also operates a Renewable Energy Monitoring Centre to monitor performance.
Adani Green Energy Ltd got listed on the stock exchanges in 2018. It is among the top renewable energy companies in India.
Adani Total Gas Ltd
Adani Total Gas Ltd is a joint venture between Adani Group and TotalEnergies of France. It was earlier known as Adani Gas Ltd before the stake sale to TotalEnergies. Key facts about Adani Total Gas:
- Leading City Gas Distribution (CGD) company in India.
- Supplies piped natural gas (PNG) to industrial, commercial and domestic consumers.
- Also operates Compressed Natural Gas (CNG) stations for vehicles.
- Has license to develop city gas networks across 38 Geographical Areas.
- Currently provides gas in 6 states covering 70 districts, ~7.5% of India’s population.
- Aim to expand city gas distribution networks to cover new geographies.
Adani Total Gas Ltd got listed in 2018 after the promoter group divested 25% stake to TotalEnergies. It is one of the major city gas distribution players in India.
Adani Transmission Ltd
Adani Transmission Ltd (ATL) is the power transmission and distribution business subsidiary of Adani Group. Details about its business operations:
- Owns, operates and maintains power transmission networks across western, northern and central India.
- Owns and operates power distribution networks in Mumbai.
- Portfolio includes over 17,200 circuit km of transmission lines and over 74,000 km of distribution network.
- Has presence across 12 states in India.
- Provides transmission and distribution solutions to private and public sector clients.
- First transmission company to get listed in India in 2013.
Adani Transmission aims to achieve 20000+ circuit km of transmission lines and distribution network of over 1 lakh circuit km in the coming years.
Adani Wilmar Ltd
Adani Wilmar Ltd (AWL) is a 50:50 joint venture between Adani Group and Wilmar Group of Singapore. It is one of the major FMCG companies in India focused on food products. Details of its business:
- Largest edible oil brand in India with Fortune brand having 20% market share.
- Manufactures edible oils, wheat flour, rice, pulses, sugar etc.
- Fortune brand is the largest selling edible oil brand in India.
- Also owns other food brands like Trust, Aadhar, Avanti, Fryola etc.
- Has over 1 million outlet coverage across India.
- Recently got listed on the stock exchanges in February 2022.
Adani Wilmar is among the fastest growing FMCG companies in India with focus on the foods segment.
Conclusion
Adani Group’s presence across diverse sectors ranging from ports to power to renewable energy has helped it become one of India’s leading business houses. The 7 major listed companies – Adani Enterprises, Adani Ports, Adani Power, Adani Green Energy, Adani Total Gas, Adani Transmission and Adani Wilmar – form the core listed entities of the group. While each company has its own distinct business and operations, together they have propelled the group’s rapid growth and expanding footprint across India.
