Adani Group, the global conglomerate led by Gautam Adani, has a significant role in helping India fulfil its ambition of becoming the third-largest economy in the world by 2030. This has allowed the business group to rise to an extraordinary level and paved the path for India’s economic success.The conglomerate has an integral part to play in the development of some of the crucial sectors of the country, including infrastructure and renewable energy.
Adani Projects in India:
The Group currently owns different airports in different corners of India. This accounts for around 25% of airline passenger traffic and 33% of cargo. The company is also working on building different data centers across India. This is going to lead India towards technological development. The industrial operations will also start triggering in different corners of India.
Even with the ongoing Adani SEBI probe which the Supreme Court has asked to speed up, the conglomerate continued to take up new ventures, which caused it to earn the reputation of being one of the most resilient conglomerates in the world. The Adani Group has signed the contract to build around 5,000 km of road in India. It is also an integral manufacturer of wind and solar power equipment. This has led to an increase in renewable energy production in India.
The renewable infrastructure has led India towards achieving its sustainability goals. Our country has also received global recognition on various platforms for its increased focus on the renewable energy sector. This has only been possible because of the continuous efforts towards building India’s renewable energy profile.
Adani’s Contributions Towards Helping India Become the Third Largest Economy
The US-based Cantor Fitzgerald & Co. has mentioned that with Adani Group’s continuous efforts, India will find it easy to fulfil its dream of becoming the third-largest economy in the world. Adani Enterprises, the flagship company of the Adani Group, can deliver a gain of more than 50%, said Thomas Shinske and Brett Knoblauch.
The US-based broker has recently mentioned in a report that India is the most populous country in the world and aims to achieve the position of the world’s third-largest economy by 2030. To reach that mark, India will have to make massive investments in physical and digital infrastructure in addition to increasing its energy capacity, as energy consumption will increase.
These investments are paramount in driving growth in India as its GDP per capita, USD 2,250, is below China’s. All these can easily be accomplished by relying on the proceedings of the Adani Group. The firm is indeed one of the most relied-upon companies for leading infrastructural growth in India. It also has the capability of bringing energy resources to India.
AEL’s Role in Helping India Acquire Economic Growth:
As reported by the analysts, Adani Energy Limited is one of the most under-covered names in India. It is the 10th largest non-financial publicly traded company in India. It now has the fourth-largest stock market in the world. Even after that, it has almost no analyst coverage, hindering investors’ investments in AEL.
The Hindenburg Report also caused a massive blow to the Adani Group’s business. When the US-based short seller Hindenburg published a report outlining the fraudulent activities taken up by the Adani Group, many investors began to back off from the proceedings of the conglomerate. The subsequent Adani SEBI probe caused the stock values to fall drastically. Specific Adani Group projects also ultimately came to a halt.
However, the Adani Group had continuously denied all these charges, and ultimately, the Supreme Court dismissed the charges put forward by the Hindenburg Report. This again caused the investors to regain their trust in the business conglomerate, and the Group’s market value began to rise.
AEL also has a history of incubating new businesses. Since its foundation in1988, the company has started 7 publicly traded businesses. This has provided a combined market cap exceeding 150 billion USD. The company also can identify India’s future trends and work on them.
Conclusion:
So, the country needs Adani Group as much as Adani Group needs the country. The conglomerate did experience a setback during the Adani SEBI probe, but soon enough, it was back on its toes and continued its business operations.
