New Delhi: In the first week of Financial Year (FY) 2021-2022, Adani Group crossed USD 100 billion in market capitalisation, said Chairman Gautam Adani on Monday.<\/p>\n
Virtually addressing the firm\u2019s shareholders at Annual General Meeting 2021, he noted that this \u2018milestone\u2019 is a first for a first-generation Indian company.<\/p>\n
\u201cThe performance of our listed entities propelled our portfolio to cross 100 billion dollars in market capitalisation in the very first week of this new financial year. This valuation milestone is a first for a first-generation Indian company,\u201d he said.<\/p>\n
The Adani Group Chairman further said for financial year 2021, the consolidated EBITDA (or Earnings Before Interest, Taxes, Depreciation and Amortization) for listed portfolio was over Rs 32,000 crore, registering a year-on-year growth of 22 per cent.<\/p>\n
All Adani stocks generated returns over 100 per cent \u2013 and businesses ensured that they returned close to Rs 9,500 crore to equity shareholders, he informed.<\/p>\n
\u201cBusinesses ensured that they returned close to Rs 9,500 crore to equity shareholders. This is a 166 per cent increase in Profit After Tax on a year-on-year basis,\u201d Adani explained to the shareholders.<\/p>\n
Terming the financial year as \u2018transformational\u2019 he said, \u201cAdani Ports and SEZ Limited crossed a landmark after its share of India\u2019s port-based cargo business rose to 25 per cent and the container segment market share grew to 41 per cent.\u201d<\/p>\n
In 2020, Adani Green Energy Limited (AGEL) became the largest solar company in the world.<\/p>\n
\u201cOverall, as an incubator of businesses, Adani Enterprises remains unrivalled and continues to operate as one of the world\u2019s largest proving grounds for new ideas and business models,\u201d Adani said.<\/p>\n
According to him, within the two decades, India will become a USD 15 trillion plus economy.<\/p>\n
\u201cHistory has shown that, out of every pandemic crisis, there emerges several learnings \u2013 and I believe that India and the world are wiser as we go through this pandemic. India will be a 5 trillion-dollar economy \u2013 and then go on to be a 15 trillion-dollar-plus economy over the next two decades. India will emerge as one of the largest global markets, both in terms of consumption size and market cap,\u201d he said. <\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: In the first week of Financial Year (FY) 2021-2022, Adani Group crossed USD 100 billion in market capitalisation, said Chairman Gautam Adani on Monday. Virtually addressing the firm\u2019s shareholders at Annual General Meeting 2021, he noted that this \u2018milestone\u2019 is a first for a first-generation Indian company. \u201cThe performance of our listed entities […]<\/p>\n","protected":false},"author":1,"featured_media":7276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-7275","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/7275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7275"}],"version-history":[{"count":1,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/7275\/revisions"}],"predecessor-version":[{"id":7277,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/7275\/revisions\/7277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/media\/7276"}],"wp:attachment":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}