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Adani AGM 2024 Highlights: Financials Demonstrate Stable Infrastructure Platform, Says Chairman

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Adani AGM 2024 Highlights: Financials Demonstrate Stable Infrastructure Platform, Says Chairman
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2 years ago
Adani Group Chairman Gautam Adani will address stakeholders during the 32nd annual general meeting of the power-to-ports conglomerate on Monday. The AGM speech is expected to focus on green energy and infrastructure initiatives of the conglomerate.
Jun 24, 2024 11:08 (IST)
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India On Brink Of Greatest Growth Phase: Gautam Adani

India is no longer at the crossroads of destiny, says Gautam Adani.

We stand on the brink of our greatest growth phase, he say.

Jun 24, 2024 11:03 (IST)
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Adani Power, Adani Total Gas, Adani Cement Numbers In Focus

Adani Power’s operating capacity rose by 12% to 15,250 MW in FY24, says Gautam Adani.

  • Adani Total Gas expanded CNG stations to cross 900 stations.

  • Adani Total Gas commissioned 606 EV charging points.

  • Adani Group’s combined cement capacity rose to 79 MTPA from 67.5 MTPA in FY24.

  • Aim to raise cement capacity to 140 MTPA by 2028.

  • NDTV saw 39% increase in global digital traffic in FY24.

Jun 24, 2024 11:02 (IST)
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Gautam Adani On Adani Ports, Adani Green Performance In FY24

Adani Ports acquired Gopalpur, Karaikal ports in FY24, bolstering capacity, says Gautam Adani.

  • Adani Green Energy raised FY30 target to 50 GW from 45 GW.

  • Adani Green added 2.8 GW capacity in FY24.

Jun 24, 2024 11:00 (IST)
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Kutch Copper Refinery To Be Largest Single-Location Smelter: Gautam Adani

Kutch Copper commenced operations at greenfield refinery, says Gautam Adani.

  • Aim to make Kutch Copper refinery world’s largest single-location smelter in a decade.

  • Plan to build 1 million tonne/year capacity at Kutch Copper refinery.

Jun 24, 2024 10:59 (IST)
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Airports' Passenger Traffic Saw Double-Digit Growth: Gautam Adani

Adani Enterprises, group’s incubation engine, had fantastic FY24, says Gautam Adani.

Passenger traffic at airports saw double-digit growth, reached 88.6 million, he says.

Jun 24, 2024 10:58 (IST)
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Financials Show Stable Infrastructure Platform: Gautam Adani

Recorded highest EBITDA of `82,917 crore in FY24, a surge of 45%, says Gautam Adani.

  • FY24 profit after tax stood at record high of Rs 40,129 crore, 71% higher.

  • Net Debt-to-EBITDA fell to 2.2x from 3.3x over past year.

  • Liquidity of Adani Group was at all-time high, with cash balance of Rs 59,791 crore.

  • Financial metrics demonstrated stable infrastructure platform.

  • Financial performance led to series of rating, outlook upgrades.

  • Ambuja, ACC, Adani Ports & SEZ are now rated AAA

Jun 24, 2024 10:56 (IST)
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Dharavi To Be World's Largest Redevelopment Project: Gautam Adani.

Aim to transform Dharavi in world’s largest redevelopment project over 10 years, says Gautam Adani.

Dharavi redevelopment to provide dignity of living to over a million people, he says.

Drishti 10 Starliner UAV is not just a machine, symbolises commitment to India’s security, he says.

Jun 24, 2024 10:55 (IST)
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Khavda To Gave Enough Capacity To Power Belgium, Switzerland: Gautam Adani

Khavda, in one of the toughest deserts, is now home to world’s largest green energy installation, says Gautam Adani.

  • Khavda green energy facility generates 3,000 MW of clean energy

  • Aim to develop 30 GW clean energy capacity at Khavda in next five years

  • Khavda capacity will be enough to power nations like Belgium, Switzerland.

Jun 24, 2024 10:54 (IST)
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Achievements In 2023 Underscore Alignment To India's Priorities: Gautam Adani

Government raised infrastructure funding by 16% to over Rs 11 lakh crore for FY25, says Gautam Adani.

  • Government’s annual spending on infrastructure has tripled over five years

  • Large parts of funding, action on infrastructure are at state level

  • Record-breaking achievements in 2023 underscore alignment to national priorities

Jun 24, 2024 10:53 (IST)
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Gautam Adani Hails Government Focus On Infra

India’s macro stability, ambitious growth plans inspire our confidence, says Gautam Adani, adding Indian government has rightly focused on infrastructure development.

Jun 24, 2024 10:51 (IST)
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India Now A Force For Stability, Cooperation, Progress: Gautam Adani

The world stands at a crossroads, says Gautam Adani, adding that geopolitical tensions strain global relationships.

  • Fight against climate change grows more challenging.

  • Technology change disrupts the way we will live and work.

  • World is witnessing rise of India amidst uncertainty.

  • India is now the force for stability, cooperation and progress in a complex world.

Jun 24, 2024 10:48 (IST)
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Headwinds Made Us Stronger: Gautam Adani

Headwinds that tested us became the very ones that made us stronger, says Gautam Adani.

  • Stand against short-seller attack vindicated when Supreme Court affirmed our actions

  • Commitment to operational excellence, transparency validated by rating agencies

  • Received trust of respected global investors — GQG Partners, TotalEnergies, IHC, QIA, US Development Finance Corp

Jun 24, 2024 10:47 (IST)
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Liquidity Our Greatest Asset During Short-Seller Attack: Gautam Adani 

Liquidity became greatest asset in the face of short-seller attack, says Gautam Adani.

  • Raised additional Rs 40,000 crore to augment cash reserves.

  • Fundraise restored market confidence, safeguarded portfolio against volatility.

  • Decision to pre-pay Rs 17,500 crore in margin-linked financing helped build confidence.

  • Dropped debt-to-EBITDA ratio to 2.5x in just six months.

  • Debt-to-EBITDA ratio now stands even lower at 2.2x.

Jun 24, 2024 10:44 (IST)
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Decision To Return FPO Proceeds Underscored Dedication To Investor: Gautam Adani

Despite raising Rs 20,000 crore through largest ever FPO, decided to return proceeds, says Gautam Adani.

Decision to return FPO proceeds underscored dedication to our investors, he says.

Jun 24, 2024 10:43 (IST)
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Short-Seller Attack Timed To Disrupt FPO: Gautam Adani

Short-seller attack was two-sided, included info distortion, political allegations, says Gautam Adani.

  • Attack was timed to coincide with follow-on public offer.

  • Short-seller attack was amplified by a segment of vested media.

  • Short-seller attack was designed to defame, do maximum damage, erode market value.

Jun 24, 2024 10:41 (IST)
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Courage, Trust, Commitment Core Value: Gautam Adani

Foundations built on three core values, says Gautam Adani.

Adani Group’s core values are courage, trust, commitment to purpose, he says.

Jun 24, 2024 10:41 (IST)
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Perseverance Evident Last Year: Adani

I picked my lessons from my mother, says Gautam Adani.

  • Growing up in harsh deserts of Banaskantha, learnt value of perseverance.

  • Perseverance never more evident than what we demonstrated last year.

  • Adani Group fought back against attack on integrity, reputation by foreign short seller.

  • Proved no challenge can weaken the foundations of the Adani Group.

Jun 24, 2024 10:38 (IST)
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'2024 A Significant Milestone For Adani Enterprises' 

2024 is a significant milestone for Adani Enterprises, says Chairman Gautam Adani. Adani Enterprises celebrates 30th listing anniversary this year, he says. True measure of success is ability to stand firm in face of adversity, says Adani.

Jun 24, 2024 10:30 (IST)
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Gautam Adani To Address 32nd AGM | Watch Live 

Watch Chairman Gautam Adani address the 32nd annual general meeting of Adani Group shareholders.

Jun 24, 2024 09:33 (IST)
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32nd Adani AGM: Chairman Gautam Adani To Take Stage

Adani Group Chairman Gautam Adani will address stakeholders during the 32nd annual general meeting of the power-to-ports conglomerate on Monday.

The AGM speech is expected to focus on green energy and infrastructure initiatives of the group.

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