Adani

• • • • • • Adani Total Gas • • • • • • Website .adani .com Footnotes/references Adani Group is an Indian At its peak, Adani was the second largest Indian conglomerate, after History Adani Exports Limited started as a commodity trading company in 1988 and expanded into importing and exporting multiple commodities. With a capital of ₹5 Adani handled 4Mt of cargo at Mundra in 2002, becoming the largest private port in India. Later in 2006, the company became the largest In 2010, Adani group with help of The Adani group became India's largest private coal mining company after Adani Enterprises won the Orissa mine rights in 2010. [ citation needed] In 2011, the Adani group also bought Adani Power emerged as India's largest private power producer in 2014. ₹5,500 crore (equivalent to ₹75billionorUS$940million in 2020). In 2015, the Adani Group's Adani Renewable Energy Park signed a pact with the Adani Aero Defence signed a pact with the Israeli arms manufacturer, ₹4,550 crore (equivalent to ₹56billionorUS$700million in 2020). On 22 December 2017, the Adani Group acquired the power arm of ₹18,800 crore (US$2.89 billion). In October 2019, ₹6,155 crore (US$874.04 million) and obtained joint control of the company. US$510 million in a subsidiary of Adani Green Energy in February 2020. In August 2020, Adani Group obtained a majority stake in In May 2021, Adani Green Energy acquired SB Energy, a joint venture of US$3.5 billion. In May 2022, the Adani Group acquired In May 2022, UAE-ba...

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Adani is worth $152.2 billion (by Friday afternoon ET), according to Forbes’ calculations, trailing only Musk ($270.1 billion) and Bernard Arnault ($154.7 billion), though Adani briefly overtook Arnault early Friday thanks to a surge in the stock price of several of his conglomerate Adani Group’s publicly listed companies. The 60-year-old Adani, a self-made college dropout who first made his fortune thanks to a commodities and ports empire, has since acquired a variety of businesses in media, energy and transportation, including purchasing a majority stake in Mumbai International Airport in 2020, making his firm India’s largest airport operator. Adani first appeared on Forbes’ billionaires list in 2008, with an estimated fortune of $9.3 billion, a fortune that has increased 15-fold since. Key Background Adani Forbes’ Crucial Quote “Being an entrepreneur is my dream job as it tests one's tenacity. I could never take orders from anyone,” Adani told Forbes in 2010. Adani said at the time he hoped “to be remembered as someone who created unique infrastructure for India and contributed to India’s economic growth story.” Surprising Fact Adani has survived two notable brushes with death, a 1997 kidnapping and a 2008 terrorist attack. In 1997 he was abducted at gunpoint for a ransom of $1.5 million before being released, Financial Times in 2013 the kidnapping was one of “two or three very unfortunate incidents” in his life. Later, Adani was dining at a restaurant at the Taj Mahal ...