New Delhi:
Today i.e. 24th June in the Annual General Meeting of Adani Enterprises. Adani Group (Adani Group) Chairman Gautam Adani addressed the shareholders. Meanwhile, he briefed the investors about the financial status of Adani Group companies, achievements of various companies and future plans.
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Adani Group strengthens financial position of companies
Gautam Adani, chairman of Adani Group, while talking about the financial condition of the group companies, said that Adani Group has as of today Rs. 59,791 crore in cash reserves. He said Ambuja Cements, ACC, Adani Ports were rated highest EBITDA at ₹82,917 crore with 45% growth in FY24, 71% growth in FY24 at Rs. is At the same time, net debt-to-EBITDA fell to 2.2x from 3.3x last year.
Many great achievements in the name of Adani Group
Talking about the achievements of Adani Group companies, Gautam Adani said, Adani Ports acquired Gopalpur, Karaikal Ports in FY24, which increased capacity. Adani Green added capacity by 2.8 GW in FY24.
Target to increase cement capacity to 140 MTPA
Adani Group’s cement capacity has increased from 67.5 MTPA to 79 MTPA in FY24, Gautam Adani said. It is targeted to increase to 140 MTPA by 2028.
Expansion in airport business and Adani Power
He said the airport had seen a double-digit growth in passenger traffic, reaching 8.86 crore. Apart from this Kutch Copper started operations in greenfield refinery. Kutch Copper Refinery aims to become the world’s largest single location smelter within a decade.
At the same time, in FY24, Adani Power’s operation capacity grew by 12% to 15,250 MW. Adani Total Gas expands CNG stations to cross 900 stations Adani Total Gas launched 606 EV charging points.
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