The Adani New Industries Limited (ANIL) ecosystem has seen significant progress in the performance of emerging core infrastructure businesses such as airports and roads.
The company said that overall EBITDA has grown by 45 per cent in FY 2023-24. There was an increase of 40 percent in the financial year 2022-23.
“AEL’s strong growth model has ensured excellence at operational and organizational levels and this has been supported by high ratings and fully funded development,” he said. Sustainable long-term value creation for our stakeholders.”
AEL’s EBITDA in the fourth quarter of the previous financial year ended March 31 stood at Rs. 3,646 crore, while in the fourth quarter of the financial year 2022-23 it was Rs. 3,974 crores. The company’s quarterly profit before tax during this period was also Rs. 1,544 crore as against Rs. 1,322 crores.
In FY 2023-24, Anil Ecosystem’s EBITDA grows 4.6 times to Rs. 2,296 crores. Its solar manufacturing division commissioned the country’s first large-scale monocrystalline ingot and wafer unit of two GW during the financial year. During this time, Kutch Copper Limited’s copper unit started production at a new copper refining project of 500 KTPA. This shows Adani’s ability to complete large projects in record time.
In the last financial year, Adani Airports inaugurated the first phase of Terminal 3 at Lucknow Airport and AdaniConnex’s order book grew from 112 MW to 210 MW.
The next phase of AEL’s strategic business focus is on green hydrogen ecosystem, airport management, data centers, roads and priority industries like copper and petrochemicals.
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