Adani Infrastructure Growth Driver
With high scores on parameters like ‘effective growth plan’, ‘work culture’, ‘embracing latest technology’, Adani Enterprises proudly sits among the top companies in MRC list for FY23
Adani Enterprises (AEL), the flagship company of the Adani Group, is one of India’s largest business organisations that has enhanced value for stakeholders by building prominent infrastructure assets across a range of sectors dedicated towards nation building. AEL significantly contributes to job creation in India across various sectors, fostering economic growth and enhancing livelihoods nationwide.
From being primarily involved in mining and trading of coal and iron ore, the Ahmedabad-headquartered AEL, through its various subsidiaries, now has business interests across airport operations, edible oils, road, rail and water infrastructure, data centres, and solar manufacturing, among others.
As of 31 March 2023, AEL employed 2,140 individuals; 34 per cent of these employees comprised engineers, chartered accountants and other professionals. The average age of employees was 38, the company disclosed in its annual report to the shareholders.
Highlights
The mighty Adani Group is made up of 10 publicly listed companies, each with its own set of successes. In FY23, the Adani Group companies set new financial performance records with total EBITDA growth of 36 per cent to Rs 57,219 crore, total income growing 85 per cent to Rs 2,62,499 crore, and total profit after tax surging a whopping 82 per cent to
Rs 23,509 crore. In FY23, the group’s deleveraging programme of $2.65 billion for the Adani portfolio companies was completed successfully. That further improved the net debt to run rate EBIDTA ratio from 3.2x to 2.8x in FY23. Flagship AEL continued to successfully demonstrate its incubation capabilities with new businesses accounting for 50 per cent of its EBITDA in FY23. Of the several projects underway, two key ones—Navi Mumbai airport and the Copper Smelter—are on schedule, the chairman told the shareholder’s.
CSR Push
Adani Foundation, the CSR arm of the Adani Group, contributes across 19 states and 5,753 villages, touching more than 7.3 million lives. The CSR programme provides quality education, health, safety, sanitisation, sustainable livelihood development and infrastructure development to underprivileged communities. Adani Foundation’s CSR efforts are aligned with United Nation’s Sustainability Development Goals.
