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| logo = Adani logo 2012.svg | | logo = Adani logo 2012.svg | ||
| logo_size = 200px | | logo_size = 200px | ||
| logo_caption = | | logo_caption = | ||
| caption = | | caption = | ||
| image = | | image = | ||
| image_caption = | | image_caption = | ||
| former_name = Adani Exports Limited (1993–2006) | |||
| type = [[Public company|Public]] | | type = [[Public company|Public]] | ||
| traded_as = {{plainlist| | | traded_as = {{plainlist| | ||
*{{BSE|512599}} | *{{BSE|512599}} | ||
*{{NSE|ADANIENT}} | *{{NSE|ADANIENT}} | ||
*[[NIFTY 50|NSE NIFTY 50 | *[[NIFTY 50|NSE NIFTY 50]] constituent}} | ||
| ISIN = INE423A01024 | | ISIN = {{ISIN|sl=n|pl=y|INE423A01024}} | ||
| genre = | | genre = | ||
| fate = | | fate = | ||
| Line 23: | Line 24: | ||
| founder = [[Gautam Adani]] | | founder = [[Gautam Adani]] | ||
| defunct = | | defunct = | ||
| location_city = | | location_city = [[Ahmedabad]], [[Gujarat]] | ||
| location_country = India | | location_country = India | ||
| location = | | location = | ||
| locations = | | locations = | ||
| area_served = Worldwide | | area_served = Worldwide | ||
| key_people = [[Gautam Adani]] ([[ | | key_people = [[Gautam Adani]] ([[chairman]]) <br> Rajesh Adani ([[Managing Director|MD]]) | ||
| | | revenue = {{increase}} {{INRConvert|100365|c}} (2025)<ref name="FY23"/><ref name="Consolidated FY23"/> | ||
| operating_income = {{increase}} {{INRConvert|10478|c}} (2025) | |||
| net_income = {{increase}} {{INRConvert| | <ref name="EBIT FY23">{{cite news |title=AEL financials |url=https://groww.in/stocks/adani-enterprises-ltd/results/yearly|access-date=6 June 2023 |work=Groww}}</ref> | ||
| | | net_income = {{increase}} {{INRConvert|8005|c}} (2025)<ref name="FY23">{{cite news |title=Adani Enterprises Q4 results: Net profit rises 138% to Rs 722 cr; firm declares Rs 1.2 dividend |url=https://www.businesstoday.in/markets/company-stock/story/adani-enterprises-q4-results-net-profit-rises-138-to-rs-722-cr-firm-declares-rs-12-dividend-380034-2023-05-04 |access-date=7 May 2023 |work=Business Today |date=4 May 2023}}</ref> | ||
| assets = {{increase}} {{INRConvert| | <ref name="Consolidated FY23">{{cite news |title=AEL financials |url=https://www.moneycontrol.com/financials/adanienterprises/consolidated-profit-lossVI/AE13#AE13|access-date=7 May 2023 |work=Moneycontrol |date=6 June 2023}}</ref> | ||
| assets_year = | | assets = {{increase}} {{INRConvert|198135|c}}<ref name="fy">{{cite news |title=Q4 FY22 Financials |url=https://www.adanienterprises.com/-/media/Project/Enterprises/Investors/Investor-Downloads/Financial/AELOUTCOME03052022.pdf |access-date=23 May 2022 |work=Adani Enterprises}}</ref> | ||
| equity = {{increase}} {{INRConvert| | | assets_year = 2025 | ||
| equity_year = | | equity = {{increase}} {{INRConvert|56470|c}}<ref name="fy"/> | ||
| equity_year = 2025 | |||
| num_employees = 26,932 (including 19,756 workers) (2024) | |||
| services = {{hlist| | | services = {{hlist| | ||
[[Mining]] | [[Airport#Management|Airport operations]] | [[Food processing]] |[[Road#Construction|Road infrastructure]] | [[Photovoltaic system|Solar PV system manufacturing]] | [[Data center]]s | [[Water infrastructure]] |[[Aerospace]] |[[Defense industry|Defence]] | [[Railway infrastructure manager|Rail infrastructure]] | [[Bunkering]] | [[Hydrocarbon exploration]]}} | [[Mining]] | [[Airport#Management|Airport operations]] | [[Food processing]] |[[Road#Construction|Road infrastructure]] | [[Photovoltaic system|Solar PV system manufacturing]] | [[Data center]]s | [[Water infrastructure]] |[[Aerospace]] |[[Defense industry|Defence]] | [[Railway infrastructure manager|Rail infrastructure]] | [[Bunkering]] | [[Hydrocarbon exploration]]}} | ||
| Line 43: | Line 46: | ||
| divisions = | | divisions = | ||
| subsid = See [[#Subsidiaries|list]] | | subsid = See [[#Subsidiaries|list]] | ||
| homepage = {{url| | | homepage = {{Official URL}} | ||
| footnotes = <ref>{{Cite web |title=Adani Enterprises Limited - Annual Report |url=https://reports.adani.com/Adani-Enterprises-Limited-Annual-Report/index.html |access-date=2023-04-13 |website=[[Adani Group]] |archive-date=13 April 2023 |archive-url=https://web.archive.org/web/20230413133316/https://reports.adani.com/Adani-Enterprises-Limited-Annual-Report/index.html |url-status=dead }}</ref> | |||
| intl = | | intl = | ||
}} | }} | ||
'''Adani Enterprises Limited''' is an Indian [[Multinational corporation|multinational]] publicly listed [[holding company]] and a part of [[Adani Group]]. It is headquartered in [[Ahmedabad]] and primarily involved in mining and trading of [[Coal mining|coal]] and [[Iron mining|iron ore]]. Through its various subsidiaries, it also has business interests in [[Airport#Management|airport operations]], [[Cooking oil|edible oils]], road, rail and water infrastructure, [[data centers]], and solar manufacturing, among others. | '''Adani Enterprises Limited''' ('''AEL''') is an Indian [[Multinational corporation|multinational]] publicly listed [[holding company]] and a part of [[Adani Group]]. It is headquartered in [[Ahmedabad]] and primarily involved in mining and trading of [[Coal mining|coal]] and [[Iron mining|iron ore]]. Through its various subsidiaries, it also has business interests in [[Airport#Management|airport operations]], [[Cooking oil|edible oils]], road, rail and water infrastructure, [[data centers]], and solar manufacturing, among others. | ||
== History == | == History == | ||
The company was incorporated in 1993 under the name Adani Exports Limited.<ref>{{Cite news|title=Adani Enterprises Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/adani-enterp-4244/information/company-history|access-date=2021-07-20}}</ref> It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis.<ref>{{Cite news|date=2021-06-04|title=Adani Enterprises becomes second-most valuable Adani Group firm|work=Business Standard India|url=https://www.business-standard.com/article/markets/adani-enterprises-now-2nd-most-valuable-adani-group-firm-up-30-in-a-week-121060400609_1.html|access-date=2021-07-20}}</ref> Its general purpose is to act as an in-house [[Business incubator|incubator]] for [[Adani Group]]'s new businesses until they become self-sustainable.<ref>{{cite news |title=Adani Enterprises Limited - CARE Ratings Analyst Report |url=https://www.careratings.com/upload/CompanyFiles/PR/Adani%20Enterprises%20Limited-09-30-2020.pdf |access-date=20 July 2021 |work=CARE Ratings |date=30 September 2020}}</ref><ref>{{Cite | The company was incorporated in 1993 under the name Adani Exports Limited.<ref>{{Cite news|title=Adani Enterprises Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/adani-enterp-4244/information/company-history|access-date=2021-07-20}}</ref> It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis.<ref>{{Cite news|date=2021-06-04|title=Adani Enterprises becomes second-most valuable Adani Group firm|work=Business Standard India|url=https://www.business-standard.com/article/markets/adani-enterprises-now-2nd-most-valuable-adani-group-firm-up-30-in-a-week-121060400609_1.html|access-date=2021-07-20}}</ref> Its general purpose is to act as an in-house [[Business incubator|incubator]] for [[Adani Group]]'s new businesses until they become self-sustainable.<ref>{{cite news |title=Adani Enterprises Limited - CARE Ratings Analyst Report |url=https://www.careratings.com/upload/CompanyFiles/PR/Adani%20Enterprises%20Limited-09-30-2020.pdf |access-date=20 July 2021 |work=CARE Ratings |date=30 September 2020}}</ref><ref>{{Cite press release |title=Adani Defence & Aerospace and Leonardo Forge Strategic Partnership to Build India's Helicopter Ecosystem |date=2026-02-03 |publisher=[[Adani Group]] |url=https://www.adani.com/newsroom/media-releases/adani-defence-and-aerospace-and-leonardo-forge-strategic-partnership |access-date=2026-02-04}}</ref> | ||
== Subsidiaries == | |||
Adani Enterprises is involved in [[edible oils]] foods,<ref name="wilmar"/> airport operations,<ref name="tussle"/> [[Photovoltaic system|solar PV]] manufacturing,<ref>{{cite news |title=Adani Green arm transfers 74% stake held in Mundra Solar Energy to Adani Enterprises |url=https://www.indiainfoline.com/article/news-top-story/adani-green-arm-transfers-74-stake-held-in-mundra-solar-energy-to-adani-enterprises-121052400237_1.html |access-date=1 June 2021 |work=India Infoline}}</ref> road, water infrastructure,<ref name="loa_nhai"/><ref>{{Cite press release |title=Adani Defence & Aerospace and Leonardo Forge Strategic Partnership to Build India's Helicopter Ecosystem |date=2026-02-03 |publisher=[[Adani Group]] |url=https://www.adani.com/newsroom/media-releases/adani-defence-and-aerospace-and-leonardo-forge-strategic-partnership |access-date=2026-02-04}}</ref> [[data center]]s,<ref name=ag1/> agri-output storage and distribution,<ref>{{cite news |last1=Singh |first1=Ruchira |title=Adani in slow, strategic bid to stay ahead in agriculture |url=https://www.livemint.com/Companies/FLrzHPxTLdCJdwjWPihI5K/Adani-in-slow-strategic-bid-to-stay-ahead-in-agriculture.html |access-date=1 June 2021 |work=mint |date=2015-01-21 |language=en}}</ref> defence and aerospace,<ref>{{cite news |title=Adani Enterprises gains as Airbus, Adani Defence sign MoU |url=https://www.business-standard.com/article/news-cm/adani-enterprises-gains-as-airbus-adani-defence-sign-mou-120020700337_1.html |access-date=1 June 2021 |work=Business Standard India |date=2020-02-07}}</ref> [[bunkering]],<ref>{{cite news |last1=Sood |first1=Jyotika |last2=Bhaskar |first2=Utpal |title=Adani Enterprises plans ship-fuelling business expansion |url=https://www.livemint.com/Companies/HBjJhxDsT7rOB4UYHRCjcI/Adani-Enterprises-plans-shipfuelling-business-expansion.html |access-date=7 June 2021 |work=mint |date=28 February 2017 |language=en}}</ref> shipping,<ref name="shipping"/> rail and [[Rapid transit|metro]] infrastructure,<ref>{{cite news |last1=Prasad |first1=Rachita |title=Adani Enterprises sets up new arm for metro rail business |url=https://economictimes.indiatimes.com/industry/transportation/railways/adani-enterprises-sets-up-new-arm-for-metro-rail-business/articleshow/71634876.cms |access-date=8 June 2021 |work=The Economic Times |date=17 October 2019}}</ref> [[oil exploration]],<ref>{{cite news |title=Adani Welspun finds gas in offshore Mumbai |url=https://www.livemint.com/industry/energy/adani-welspun-finds-gas-in-mumbai-offshore-s-tapti-daman-sector-11615782567464.html |access-date=21 June 2021 |work=Mint}}</ref> [[petrochemicals]],<ref>{{cite news |title=Adani Enterprises incorporates wholly-owned arm Mundra Petrochem Limited |url=https://economictimes.indiatimes.com/news/company/corporate-trends/adani-enterprises-incorporates-wholly-owned-arm-mundra-petrochem-limited/articleshow/82164822.cms |access-date=2 July 2021 |work=The Economic Times}}</ref> [[mass media]],<ref name="amg"/> [[green hydrogen]],<ref name="energy"/> copper,<ref name="copper"/> aluminium,<ref>{{cite news |title=Now, Adani to venture into aluminium business |url=https://www.thehindubusinessline.com/companies/now-adani-to-venture-into-aluminium-business/article37987116.ece |access-date=31 January 2023 |work=Business Line |date=18 December 2021 |language=en}}</ref> and online services.<ref name="digital"/> | |||
== | Subsidiaries of Adani Enterprises include: | ||
=== Adani Defence & Aerospace=== | |||
It is a defense manufacturing arm of the company. It manufactures with armed drones such as [[Drishti-10 Starliner|Drishti 10 Starliner]] UAV<ref>{{Cite news|date=2018-12-15|title=Adani opens UAV facility|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/adani-opens-uav-facility/article25752067.ece|access-date=2021-07-20|issn=0971-751X}}</ref> and small arms such as [[IWI Negev]], [[Tavor TAR-21]], and [[IWI ACE]].<ref>{{Cite news|last=Pubby|first=Manu|title=Adani Defence to focus on small arms and ammo, anti-drone systems|work=The Economic Times|url=https://economictimes.indiatimes.com/news/defence/adani-defence-to-focus-on-small-arms-and-ammo-anti-drone-systems/articleshow/80718551.cms|access-date=2021-07-20}}</ref> As a part of a joint venture between [[Elbit Systems]] from Israel and Adani Defence and Aerospace, a manufacturing facility for [[unmanned aerial vehicle]] have been set up at [[Hyderabad (India)|Hyderabad]], [[Telangana]], inaugurated in 2019.<ref>{{Cite news|last1=Rao|first1=Ch Sushil|last2=Bharadwaj|first2=Swati|first3=Swati|last3=Rathor|title=Hyderabad adding muscle to India's armed forces |url=https://timesofindia.indiatimes.com/india/hyderabad-adding-muscle-to-indias-armed-forces/articleshow/78474137.cms|access-date=2021-07-20|website=The Times of India|date=4 October 2020 |language=en}}</ref><ref>{{Cite web|last=Lasania|first=Yunus Y.|date=2018-12-14|title=Adani Elbit UAV complex inaugurated in Hyderabad|url=https://www.livemint.com/Technology/EXlKtDL4Vo2aqQr8lLIjkK/Adani-Elbit-Unamanned-Aerial-Vehicles-complex-inaugurated-in.html|access-date=2021-07-20|website=mint|language=en}}</ref> In April 2020, Adani Defence Systems and Technologies acquired Alpha Design Technologies Pvt Ltd., an organization involved in the design, development, and manufacture of defense electronics and avionics.<ref>{{Cite web|title=Adani Enterprises arm acquires Alpha Design Technologies|url=https://www.thehindubusinessline.com/companies/adani-enterprises-arm-acquires-alpha-design-technologies/article26899360.ece|access-date=2021-07-20|website=@businessline|date=20 April 2019 |language=en}}</ref> | |||
In September 2020, Adani acquired a 51 percent stake in PLR Systems Private Ltd which was incorporated in 2013 and engages in manufacturing and supply of indigenously built defense equipment to the armed forces.<ref>{{Cite news|date=2020-09-11|title=Adani's defence subsidiary acquires majority stake in PLR Systems|work=Business Standard India|url=https://www.business-standard.com/article/companies/adani-defence-subsidiary-acquires-majority-stake-in-plr-systems-120091101525_1.html|access-date=2021-07-20}}</ref> In May 2022, Adani Defence Systems and Technologies, a wholly owned subsidiary of Adani Enterprises, signed a definitive agreement to acquire a 50% stake in Bengaluru-based General Aeronautics.<ref>{{Cite web |title=Adani buys 50% stake in drone startup General Aeronautics|url=https://www.fortuneindia.com/enterprise/adani-buys-50-stake-in-drone-startup-general-aeronautics/108374|website=Fortune India |language=en}}</ref> The company is involved with DRDO in [[Gaurav (glide bomb)|Long Range Glide Bomb]], [[VSHORAD (India)|VSHORAD]], [[ULPGM]], [[NASM-SR]] and [[Rudram-1]].<ref>{{Cite web |last=Manghat |first=Sajeet |date=2022-10-19 |title=How Adani Defence Has Scaled Up In The Last Five Years |url=https://www.bqprime.com/business/how-adani-defence-has-scaled-up-in-the-last-five-years |access-date=2022-10-19 |website=BQ Prime |language=en}}</ref><ref>{{Cite web |title=Missiles {{!}} Adani Defence & Aerospace |url=https://www.adanidefence.com/en/missiles |access-date=2024-08-11 |website=www.adanidefence.com |archive-date=11 August 2024 |archive-url=https://web.archive.org/web/20240811115955/https://www.adanidefence.com/en/missiles |url-status=dead }}</ref> | |||
In February 2024, Adani Defence & Aerospace inaugurated two ammunition and missile manufacturing facilities in the Uttar Pradesh Defence Corridor at [[Kanpur]]. [[Uttar Pradesh Chief Minister]], [[Yogi Adityanath]], inaugurated the Ammunition & Missiles Complex, marking the first phase of the state's defence corridor. These facilities are designed to produce various calibres of ammunition and missiles for the Indian armed forces and police. The complex spans 500 acres and will produce 150 million rounds of small-calibre ammunition, covering 25% of India's annual requirement.<ref name="g697">{{cite news |date=27 Feb 2024 |title=Adani Defence & Aerospace's to manufacture Army's ammunition & missile in UP defence corridor |url=https://www.thehindubusinessline.com/companies/adanis-ammunition-missile-manufacturing-units-come-up-in-up-defence-corridor/article67888894.ece |work=[[Business Line]]|access-date=8 Aug 2024 }}</ref><ref name="n745">{{citation |last=Sharma |first=Rakshanda |title=Adani unveils South Asia's largest ammunition and missiles complex in Kanpur, to add 4,000 jobs |newspaper=The Economic Times |date=27 Feb 2024 |page= |url=https://economictimes.indiatimes.com/news/defence/adani-unveils-south-asias-largest-defence-complex-in-kanpur-to-add-4000-jobs/articleshow/108012504.cms |access-date=8 Aug 2024 |issn=0013-0389}}</ref> | |||
In June 2024, Adani signed an agreement with [[Thales Group]] to locally manufacture 70 mm calibre [[FZ275 LGR]] rockets for Indian attack helicopters like [[HAL Rudra]] and [[HAL Prachand]].<ref>{{Cite news |date=2024-06-27 |title=Big Boost to Rudra and Prachand helicopters: Adani Defence and Thales Group to manufacture 70mm rockets in India |url=https://economictimes.indiatimes.com/news/defence/big-boost-to-rudra-and-prachand-helicopters-adani-defence-and-thales-group-to-manufacture-70mm-rockets-in-india/articleshow/111307479.cms?from=mdr |access-date=2024-06-27 |work=The Economic Times |issn=0013-0389}}</ref><ref>{{Cite web |title="Key Milestone": Adani Defence, Thales Tie Up To Make Rockets In India |url=https://www.ndtv.com/business-news/adani-group-gautam-adani-key-milestone-adani-defence-thales-tie-up-to-make-rockets-in-india-5972689 |access-date=2024-06-27 |website=NDTV.com}}</ref> | |||
[[ | |||
In June 2024, Adani Defence and Aerospace and [[EDGE Group]], a [[UAE]]-based technology and defence organisation, entered a cooperation agreement. The collaboration covers missiles, weapons, unmanned systems, air defence products, and electronic warfare technologies with potential R&D and production facilities in India and the [[United Arab Emirates|UAE]].<ref name="x997">{{cite web | last=| first= | title=Adani Defence & Aerospace, UAE's EDGE sign defence cooperation agreement | website=Business Standard | date=11 Jun 2024 | url=https://www.business-standard.com/companies/news/adani-defence-aerospace-uae-s-edge-sign-defence-cooperation-agreement-124061100485_1.html | access-date=7 Aug 2024}}</ref> | |||
=== | In May 2025, Adani Defence & Aerospace has signed a binding collaboration agreement with [https://www.sparton.com Sparton] (DeLeon Springs LLC), a group company of [[Elbit Systems]], to manufacture [[Anti-submarine weapon|anti-submarine]] [[sonobuoy]]s in India.<ref>{{Cite web |title=Adani Defence, Sparton Sign Deal To Make Anti-Submarine Sonobuoys In India |url=https://www.ndtv.com/business-news/adani-defence-sparton-sign-deal-to-make-anti-submarine-sonobuoys-in-india-8444408 |access-date=2025-05-18 |website=www.ndtv.com |language=en}}</ref> | ||
[[Embraer]] and Adani Group of India signed a [[memorandum of understanding]] (MoU) in December 2025 on setting up a [[Assembly line|final assembly line]] in India for commercial aircraft having a seating capacity of 70–146 passengers.<ref>{{Cite news |date=2026-01-08 |title=In a first, Adani, Embraer tie up to build commercial fixed-wing planes in India |url=https://timesofindia.indiatimes.com/business/india-business/in-a-first-adani-embraer-tie-up-to-build-commercial-fixed-wing-planes-in-india/articleshow/126404843.cms |access-date=2026-01-12 |work=The Times of India |issn=0971-8257}}</ref><ref>{{Cite web |date=2026-01-08 |title=Adani Group, Embraer sign MoU to set up aircraft assembly line in India |url=https://www.financialexpress.com/business/industry-adani-group-embraer-sign-mou-to-set-up-aircraft-assembly-line-in-india-4101313/ |access-date=2026-01-12 |website=The Financial Express |language=en}}</ref><ref>{{Cite web |last=Bailey |first=Joanna |date=2026-01-09 |title=Adani–Embraer deal could bring commercial aircraft assembly to India |url=https://aerospaceglobalnews.com/news/adani-embraer-commercial-aircraft-assembly-india/ |access-date=2026-01-12 |website=AGN |language=en-en}}</ref> Adani Defence & Aerospace signed an agreement with Embraer on 27 January at the [[Wings India]] to develop an integrated regional transport aircraft ecosystem in India. Firstly, an assembly line will be established followed by a phased increase in indigenisation to support India’s Regional Transport Aircraft (RTA) program under the [[UDAN]] programme.<ref>{{Cite press release|title=Adani Defence & Aerospace and Embraer announce Strategic Partnership to Establish Regional Transport Aircraft Ecosystem in India|date=2026-01-27|publisher=[[Adani Group]]|url=https://www.adani.com/newsroom/media-releases/adani-defence-and-aerospace-and-embraer-announce-strategic-partnership|access-date=2026-02-02}}</ref><ref>{{Cite press release|title=Embraer and Adani Defence & Aerospace announce strategic partnership to establish regional transport aircraft ecosystem in India|date=2026-01-27|publisher=[[Embraer]]|url=https://www.embraer.com/media-center/en/?mediatype=NEWS&detail=24116-Embraer-and-Adani-Defence-%26-Aerospace-announce-strategic-partnership-to-establish-regional-transport-aircraft-ecosystem-in-India|access-date=2026-02-02}}</ref><ref>{{Cite news|title=Embraer-Adani sign MoU on aviation manufacturing|url=https://www.thehindu.com/business/Industry/embraer-adani-sign-mou-on-aviation-manufacturing/article70555708.ece|work=The Hindu|date=2026-01-27|access-date=2026-02-02|issn=0971-751X|language=en-IN|first=|last=}}</ref> Later, on 21 February 2026, during the visit of [[Brazilian president]], [[Lula da Silva]], to India, Embraer signed an enhanced MoU with Adani Defence & Aerospace to establish a production ecosystem for [[Embraer E-Jet family|E-175]] in India. Under the agreement, a [[Assembly line|final assembly line]] (FAL) for the aircraft will be set up in India. This was an advancement from the initial MoU signed in January.<ref>{{Cite press release |title=Adani Defence & Aerospace and Embraer propose E175 Final Assembly Line in India|date=2026-02-21|publisher=[[Embraer]]|url=https://www.embraer.com/media-center/en/?mediatype=NEWS&detail=24365-Adani-Defence-%26-Aerospace-and-Embraer-propose-E175-Final-Assembly-Line-in-India|access-date=2026-02-22}}</ref><ref>{{Cite news |date=2026-02-21|title=Embraer & Adani sign ‘enhanced’ pact for aircraft FAL in India|url=https://timesofindia.indiatimes.com/business/india-business/embraer-adani-sign-enhanced-pact-for-aircraft-fal-in-india/articleshow/128646600.cms|access-date=2026-02-22|work=The Times of India|issn=0971-8257}}</ref> | |||
=== Adani Defence & Aerospace === | Adani Defence & Aerospace signed another [[memorandum of understanding]] with [[Leonardo (company)|Leonardo]] for the strategic partnership to establish India's helicopter manufacturing ecosystem. The companies will setup an [[assembly line]] for [[AgustaWestland AW169|AW169M]] and [[AgustaWestland AW109|AW109 TrekkerM]] helicopters with phased indigenisation as well as [[Aircraft maintenance|MRO]] facilities. This is meant to fulfill the requirement of over 1000 helicopters by the [[Indian Armed Forces]].<ref>{{Cite press release |title=Adani Defence & Aerospace and Leonardo Forge Strategic Partnership to Build India's Helicopter Ecosystem |date=2026-02-03 |publisher=[[Adani Group]] |url=https://www.adani.com/newsroom/media-releases/adani-defence-and-aerospace-and-leonardo-forge-strategic-partnership |access-date=2026-02-04}}</ref><ref name=":1">{{Cite press release |title=Adani Defence & Aerospace and Leonardo Forge Strategic Partnership to Build India's Helicopter Ecosystem |date=2026-02-03 |publisher=[[Leonardo (company)|Leonardo]] |url=https://www.leonardo.com/en/press-release-detail/-/detail/03-02-2026-adani-defence-aerospace-and-leonardo-forge-strategic-partnership-to-build-india-s-helicopter-ecosystem |access-date=2026-02-04}}</ref><ref>{{Cite web |last=Philip |first=Snehesh Alex |date=2026-02-03 |title=Adani Defence teams up with Italy’s Leonardo to tap India’s mega helicopter market |url=https://theprint.in/defence/adani-defence-teams-up-with-italys-leonardo-to-tap-indias-mega-helicopter-market/2844465/ |access-date=2026-02-04 |website=ThePrint |language=en-US}}</ref> While the AW169M will cater the [[Indian Navy]] and [[Indian Coast Guard|Coast Guard]]'s Naval Utility Helicopter (NUH) tender<ref>{{Cite news |date=2025-08-24 |title=Indian Navy floats RFI for 76 helicopters to boost rescue, patrol missions |url=https://economictimes.indiatimes.com/news/defence/indian-navy-floats-rfi-for-76-helicopters-to-boost-rescue-patrol-missions/articleshow/123480942.cms |access-date=2026-02-04 |work=The Economic Times |issn=0013-0389}}</ref><ref>{{Cite web |last= |first= |date=2025-08-24 |title=Navy Floats RFI For 76 Utility Helicopters |url=https://www.deccanchronicle.com/nation/navy-floats-rfi-for-76-utility-helicopters-1899454 |access-date=2025-08-25 |website=www.deccanchronicle.com |language=en}}</ref> for 76 helicopters against [[HAL Dhruv#Utility Helicopter-Marine|HAL Utility Helicopter-Marine]],<ref>{{Cite news |last=Pubby |first=Manu |date=2024-10-20 |title=Indigenous marine utility copter set to fly by May next year |url=https://economictimes.indiatimes.com/news/defence/indigenous-marine-utility-copter-set-to-fly-by-may-next-year/articleshow/114403511.cms |access-date=2026-02-04 |work=The Economic Times |issn=0013-0389}}</ref><ref>{{Cite web |last=Singh |first=Dalip |date=2025-05-10 |title=India reaches out to US, France for twin-engine naval helicopters |url=https://www.thehindubusinessline.com/news/india-reaches-out-to-us-france-for-twin-engine-naval-helicopters/article69561544.ece |access-date=2026-02-04 |website=BusinessLine |language=en}}</ref> the TrekkerM will target the reconnaissance and surveillance helicopters (RSH) tender<ref>{{Cite press release |title=Airbus, Tata Advanced Systems Limited launch a new era: ‘Made in India’ H125 helicopter to take flight from Karnataka |date=2025-10-01 |publisher=[[Airbus]] |url=https://www.airbus.com/en/newsroom/press-releases/2025-10-airbus-tata-advanced-systems-limited-launch-a-new-era-made-in-india |access-date=2025-10-11}}</ref> for 200 helicopters of the [[Indian Army]] and [[Indian Air Force|Air Force]] against [[HAL Light Utility Helicopter]], [[Bell 407]],<ref>{{Cite web |last=Phadnis |first=Aneesh |date=2025-10-07 |title=Max AeroSpace, Bell Textron tie up for govt’s helicopter programme |url=https://www.thehindubusinessline.com/news/max-aerospace-bell-textron-tie-up-for-govts-helicopter-programme/article70135644.ece |access-date=2026-02-04 |website=BusinessLine |language=en}}</ref> and [[Airbus H125]].<ref>{{Cite press release |title=Airbus, Tata Advanced Systems Limited launch a new era: ‘Made in India’ H125 helicopter to take flight from Karnataka |date=2025-10-01 |publisher=[[Airbus]] |url=https://www.airbus.com/en/newsroom/press-releases/2025-10-airbus-tata-advanced-systems-limited-launch-a-new-era-made-in-india |access-date=2025-10-11}}</ref> A joint reply for the tender has been sent to the [[Indian Defense Ministry]].<ref>{{Cite news |last=Pubby |first=Manu |date=2026-02-04 |title=Adani, Leonardo team up to make military helicopters |url=https://economictimes.indiatimes.com/news/defence/adani-leonardo-team-up-to-make-military-helicopters/articleshow/127897471.cms?from=mdr |access-date=2026-02-04 |work=The Economic Times |issn=0013-0389}}</ref> The ecosystem will also serve the domestic civilian market demand.<ref name=":1" /> | ||
==== Adani-Elbit Advanced Systems ==== | |||
Adani Enterprise and [[Elbit Systems]] formed the joint venture business in 2016. It will produce military drones like [[Hermes 900]]. Located in Hyderabad, it is the sole Hermes 900 production facility outside of Israel.<ref>{{Cite web |date=2016-11-09 |title=Indo-Israeli Joint Venture To Manufacture Drones In India |url=https://defensemirror.com/news/17605/Indo_Israeli_Joint_Venture_To_Manufacture_Drones_In_India |access-date=2025-12-09 |website=defensemirror.com}}</ref><ref>{{Cite web |last=Krishna |first=Tanya |date=2025-06-13 |title=From Haifa to Hyderabad: A look at Adani Group assets in Middle East amid rising Iran-Israel conflict |url=https://www.financialexpress.com/business/industry-from-haifa-to-hyderabad-a-look-at-adani-group-assets-in-middle-east-amid-rising-iran-israel-conflict-3878540/ |access-date=2025-12-09 |website=The Financial Express |language=en}}</ref> The first private UAV manufacturing plant in India, the Adani Elbit Unmanned Aerial Vehicles Complex, began operations in December 2018. The factory started off producing full [[carbon composite]] [[Aerostructure|aerostructures]] for Hermes 900 and [[Hermes 450]] for international markets. It increased production to include the construction and integration of entire UAVs. The business began exporting the Hermes 900 by 2020 and set up a Design and Development Center to collaborate on the development of defense technologies.<ref>{{Cite web |last=Jayakumar |first=P. B. |date=2025-06-24 |title=‘Operation Sindoor called, we delivered’: Gautam Adani makes powerful pitch on homegrown drone warfare and defence readiness |url=https://www.fortuneindia.com/business-news/operation-sindoor-called-we-delivered-gautam-adani-makes-powerful-pitch-on-homegrown-drone-warfare-and-defence-readiness/124325 |access-date=2025-12-09 |website=Fortune India |language=en}}</ref><ref>{{Cite news |last=Chand |first=Swati Bharadwaj |date=2018-12-14 |title=India's first pvt UAV facility takes off at Hyderabad |url=https://timesofindia.indiatimes.com/india/indias-first-pvt-uav-facility-takes-off-at-hyderabad/articleshow/67096441.cms |access-date=2025-12-09 |work=The Times of India |issn=0971-8257}}</ref> | |||
The company was one of the 14 recipients of the production-linked incentive program for drone and drone component manufacturing in 2022.<ref>{{Cite news |last=Sinha |first=Saurabh |date=2022-04-21 |title=Adani-Israel co JV, 13 others vie for drone scheme |url=https://timesofindia.indiatimes.com/business/india-business/adani-israel-firm-jv-among-14-companies-shortlisted-for-govts-drone-pli-scheme/articleshow/90960204.cms |access-date=2025-12-09 |work=The Times of India |issn=0971-8257}}</ref> | |||
=== Adani | === Adani Airport Holdings === | ||
Adani | [[File:Chhatrapati Shivaji International Airport 3.jpg|thumb|[[Chhatrapati Shivaji Maharaj International Airport]] in Mumbai.]] | ||
Adani Airport Holdings is the airport management and operations subsidiary. It is the majority stakeholder in Mumbai International Airport Limited (MIAL), which owns the [[Chhatrapati Shivaji Maharaj International Airport]] and the under-construction [[Navi Mumbai International Airport]].According to [[Media (communication)|media]] [[reports]] as of 2023, Adani Enterprises operates seven airports, acquired during the government's initial privatization initiative. These include [[Mumbai]], [[Ahmedabad]], [[Lucknow]], [[Thiruvananthapuram]], [[Jaipur]], [[Guwahati]], and [[Mangaluru]].<ref name="Mukul 2022 p689">{{cite web | last=Mukul | first=Pranav | title=7 airports with it, Adanis look to buy stake in key aircraft back-end company | website=The Indian Express | date=28 May 2022 | url=https://indianexpress.com/article/business/adani-defence-and-aerospace-to-acquire-stake-in-bengaluru-based-agri-drone-start-up-general-aeronautics-7941494/ | access-date=2 Jan 2024}}</ref> | |||
=== Adani Mining === | === Adani Mining === | ||
[[File:Blogskale 20220412-ccm-404.jpg|thumb|[[Carmichael coal mine]] in Australia.]] | [[File:Blogskale 20220412-ccm-404.jpg|thumb|[[Carmichael coal mine]] in Australia.]] | ||
Adani Enterprises operates its mines in India, Indonesia and Australia, and supplies coal to Bangladesh, China, and some countries in Southeast Asia. It has a coal mine in [[Bunyu]], [[North Kalimantan]], Indonesia, which produced 3.9 Mt of coal in 2016{{ndash}}17. The Group has made the largest investment by an Indian company in Australia at the controversial [[Carmichael coal mine]] in the [[Galilee Basin]], [[Queensland]]. Development of this mine is {{as of|lc=yes|2020}} the subject of a court challenge to the [[Australian Government]] over its lack of adherence to environmental legislation.<ref name="acf2020">{{cite web | title=ACF challenges Morrison Government decision to not apply water trigger to Adani pipeline | website=Australian Conservation Foundation | date=16 March 2020| url=https://www.acf.org.au/acf_challenges_morrison_govt_decision_to_not_apply_water_trigger_to_adani_pipeline | access-date=31 August 2020}}</ref> | Adani Enterprises operates its mines in India, Indonesia and Australia, and supplies coal to Bangladesh, China, and some countries in Southeast Asia. It has a coal mine in [[Bunyu]], [[North Kalimantan]], Indonesia, which produced 3.9 Mt of coal in 2016{{ndash}}17. The Group has made the largest investment by an Indian company in Australia at the controversial [[Carmichael coal mine]] in the [[Galilee Basin]], [[Queensland]]. Development of this mine is {{as of|lc=yes|2020}} the subject of a court challenge to the [[Australian Government]] over its lack of adherence to environmental legislation.<ref name="acf2020">{{cite web | title=ACF challenges Morrison Government decision to not apply water trigger to Adani pipeline | website=Australian Conservation Foundation | date=16 March 2020 | url=https://www.acf.org.au/acf_challenges_morrison_govt_decision_to_not_apply_water_trigger_to_adani_pipeline | access-date=31 August 2020 | archive-date=15 March 2022 | archive-url=https://web.archive.org/web/20220315190040/https://www.acf.org.au/acf_challenges_morrison_govt_decision_to_not_apply_water_trigger_to_adani_pipeline | url-status=dead }}</ref> | ||
In 2020, Adani Australia, the controversial Australian mining arm of Adani Enterprises was rebranded as [[Bravus Mining & Resources]].<ref>[https://www.bravus.com.au/adani-launches-new-brand-for-its-mining-business-to-celebrate-10-years-in-australia/ Adani launches new brand for its mining business to celebrate 10 years in Australia] Bravus Mining & Resources 5 November 2020</ref><ref>[https://www.australianmining.com.au/news/adani-australia-rebrands-to-bravus-mining-and-resources/ Adani Australia rebrands to Bravus Mining and Resources] ''Australian Mining'' 5 November 2020</ref><ref>[https://www.theguardian.com/business/2020/nov/05/crooked-not-courageous-adani-renames-australian-group-bravus-mistaking-it-for-brave Crooked not courageous: Adani renames Australian group Bravus, mistaking it for brave] ''[[The Guardian]]'' 5 November 2020</ref> The new subsidiary is responsible for developing [[Carmichael coal mine]] in [[Central Queensland]].<ref>[https://www.brisbanetimes.com.au/politics/queensland/adani-on-track-for-first-carmichael-mine-coal-exports-in-2021-20200716-p55cnh.html Adani on track for first Carmichael mine coal exports in 2021] ''[[Brisbane Times]]'' 16 July 2020 | In 2020, Adani Australia, the controversial Australian mining arm of Adani Enterprises was rebranded as [[Bravus Mining & Resources]].<ref>[https://www.bravus.com.au/adani-launches-new-brand-for-its-mining-business-to-celebrate-10-years-in-australia/ Adani launches new brand for its mining business to celebrate 10 years in Australia] {{Webarchive|url=https://web.archive.org/web/20220307105918/https://www.bravus.com.au/adani-launches-new-brand-for-its-mining-business-to-celebrate-10-years-in-australia/ |date=7 March 2022 }} Bravus Mining & Resources 5 November 2020</ref><ref>[https://www.australianmining.com.au/news/adani-australia-rebrands-to-bravus-mining-and-resources/ Adani Australia rebrands to Bravus Mining and Resources] {{Webarchive|url=https://web.archive.org/web/20210805184110/https://www.australianmining.com.au/news/adani-australia-rebrands-to-bravus-mining-and-resources/ |date=5 August 2021 }} ''Australian Mining'' 5 November 2020</ref><ref>[https://www.theguardian.com/business/2020/nov/05/crooked-not-courageous-adani-renames-australian-group-bravus-mistaking-it-for-brave Crooked not courageous: Adani renames Australian group Bravus, mistaking it for brave] ''[[The Guardian]]'' 5 November 2020</ref> The new subsidiary is responsible for developing [[Carmichael coal mine]] in [[Central Queensland]].<ref>[https://www.brisbanetimes.com.au/politics/queensland/adani-on-track-for-first-carmichael-mine-coal-exports-in-2021-20200716-p55cnh.html Adani on track for first Carmichael mine coal exports in 2021] ''[[Brisbane Times]]'' 16 July 2020</ref> | ||
=== Adani Road Transport === | === Adani Road Transport === | ||
[[File:National Highway-4 kolhapur.jpg|thumb|The [[Kagal]]–[[Satara (city)|Satara]] stretch of [[National Highway 48 (India)|NH48]] to be six-laned under [[Bharatmala]]'s [[build-operate-transfer]] agreement.]] | [[File:National Highway-4 kolhapur.jpg|thumb|The [[Kagal]]–[[Satara (city)|Satara]] stretch of [[National Highway 48 (India)|NH48]] to be six-laned under [[Bharatmala]]'s [[build-operate-transfer]] agreement.]] | ||
Adani Road Transport undertakes construction, operations and maintenance of roads, highways, expressways and tollways.<ref name="loa_nhai"/> The company has [[National Highways Authority of India|NHAI]] projects in the states of Andhra Pradesh,<ref>{{cite news |title=Adani Enterprises wins Rs 1,546-cr project from NHAI |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/adani-enterprises-wins-rs-1546-cr-project-from-nhai/articleshow/74575101.cms |access-date=8 January 2022 |work=The Economic Times}}</ref> Chhattisgarh,<ref>{{cite news |title=Adani forays into road infrastructure, wins Rs 1,140-crore highway project in Chhattisgarh |url=https://www.newindianexpress.com/business/2018/apr/04/adani-forays-into-road-infrastructure-wins-rs-1140-crore-highway-project-in-chhattisgarh-1796985.html |access-date=6 July 2021 |work=The New Indian Express}}</ref> Gujarat,<ref name="loa_nhai">{{cite news |title=Adani Enterprises road biz receives LoA from NHAI |url=https://www.business-standard.com/article/news-cm/adani-enterprises-road-biz-receives-loa-from-nhai-121031900520_1.html |access-date=6 July 2021 |work=Business Standard India |date=19 March 2021}}</ref> Kerala,<ref>{{cite news |title=Adani bags Rs 1,838 crore Kerala road project from NHAI |url=https://www.businesstoday.in/latest/corporate/story/adani-bags-rs-1838-crore-kerala-road-project-from-nhai-284375-2021-01-14 |access-date=6 July 2021 |work=Business Today |language=en}}</ref> Madhya Pradesh,<ref>{{cite news |title=Adani Enterprises wins Rs 866 cr highway project from NHAI in Madhya Pradesh |url=https://www.business-standard.com/article/pti-stories/adani-enterprises-wins-rs-866-cr-highway-project-from-nhai-in-madhya-pradesh-120033101634_1.html |access-date=6 July 2021 |work=Business Standard India |date=31 March 2020}}</ref> Maharashtra,<ref>{{cite news |title=Adani Enterprises arm gets LoA for highway project in Maharashtra |url=https://economictimes.indiatimes.com/news/economy/infrastructure/adani-enterprises-arm-gets-loa-for-highway-project-in-maharashtra/articleshow/90573079.cms |access-date=23 May 2022 |work=The Economic Times}}</ref> Odisha,<ref>{{cite news |title=Adani Enterprises bags Rs 1,169 crore highway project from NHAI in Odisha |url=https://www.newindianexpress.com/business/2021/apr/03/adani-enterprises-bags-rs-1169-crore-highway-project-from-nhai-in-odisha-2285280.html |access-date=6 July 2021 |work=The New Indian Express}}</ref> Telangana,<ref>{{cite news |title=Adani Transport wins ₹1,040 crore highway contract from NHAI in Telangana |url=https://www.livemint.com/news/india/adani-transport-wins-rs-1-040-crore-highway-contract-from-nhai-in-telangana-11616580710449.html |access-date=6 July 2021 |work=mint |date=24 March 2021 |language=en}}</ref> and West Bengal.<ref>{{cite news |title=Adani Road Transport secures NHAI road project in West Bengal |url=https://www.business-standard.com/article/news-cm/adani-road-transport-secures-nhai-road-project-in-west-bengal-121040300265_1.html |access-date=6 July 2021 |work=Business Standard India |date=3 April 2021}}</ref> | Adani Road Transport undertakes construction, operations and maintenance of roads, highways, expressways and tollways.<ref name="loa_nhai"/> The company has [[National Highways Authority of India|NHAI]] projects in the states of Andhra Pradesh,<ref>{{cite news |title=Adani Enterprises wins Rs 1,546-cr project from NHAI |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/adani-enterprises-wins-rs-1546-cr-project-from-nhai/articleshow/74575101.cms |access-date=8 January 2022 |work=The Economic Times}}</ref> Chhattisgarh,<ref>{{cite news |title=Adani forays into road infrastructure, wins Rs 1,140-crore highway project in Chhattisgarh |url=https://www.newindianexpress.com/business/2018/apr/04/adani-forays-into-road-infrastructure-wins-rs-1140-crore-highway-project-in-chhattisgarh-1796985.html |access-date=6 July 2021 |work=The New Indian Express}}</ref> Gujarat,<ref name="loa_nhai">{{cite news |title=Adani Enterprises road biz receives LoA from NHAI |url=https://www.business-standard.com/article/news-cm/adani-enterprises-road-biz-receives-loa-from-nhai-121031900520_1.html |access-date=6 July 2021 |work=Business Standard India |date=19 March 2021}}</ref> Kerala,<ref>{{cite news |title=Adani bags Rs 1,838 crore Kerala road project from NHAI |url=https://www.businesstoday.in/latest/corporate/story/adani-bags-rs-1838-crore-kerala-road-project-from-nhai-284375-2021-01-14 |access-date=6 July 2021 |work=Business Today |language=en}}</ref> Madhya Pradesh,<ref>{{cite news |title=Adani Enterprises wins Rs 866 cr highway project from NHAI in Madhya Pradesh |url=https://www.business-standard.com/article/pti-stories/adani-enterprises-wins-rs-866-cr-highway-project-from-nhai-in-madhya-pradesh-120033101634_1.html |access-date=6 July 2021 |work=Business Standard India |date=31 March 2020}}</ref> Maharashtra,<ref>{{cite news |title=Adani Enterprises arm gets LoA for highway project in Maharashtra |url=https://economictimes.indiatimes.com/news/economy/infrastructure/adani-enterprises-arm-gets-loa-for-highway-project-in-maharashtra/articleshow/90573079.cms |access-date=23 May 2022 |work=The Economic Times}}</ref> Odisha,<ref>{{cite news |title=Adani Enterprises bags Rs 1,169 crore highway project from NHAI in Odisha |url=https://www.newindianexpress.com/business/2021/apr/03/adani-enterprises-bags-rs-1169-crore-highway-project-from-nhai-in-odisha-2285280.html |access-date=6 July 2021 |work=The New Indian Express}}</ref> Telangana,<ref>{{cite news |title=Adani Transport wins ₹1,040 crore highway contract from NHAI in Telangana |url=https://www.livemint.com/news/india/adani-transport-wins-rs-1-040-crore-highway-contract-from-nhai-in-telangana-11616580710449.html |access-date=6 July 2021 |work=mint |date=24 March 2021 |language=en}}</ref> and West Bengal.<ref>{{cite news |title=Adani Road Transport secures NHAI road project in West Bengal |url=https://www.business-standard.com/article/news-cm/adani-road-transport-secures-nhai-road-project-in-west-bengal-121040300265_1.html |access-date=6 July 2021 |work=Business Standard India |date=3 April 2021}}</ref> Adani road Transport bids the highest for the 124-km stretch of National Highway 38 with Rupees 1692 crores.<ref>{{cite news |last1=Khan |first1=Md Zakariya |title=Adani top bidder for 124-km NH stretch in Tamil Nadu, offers Rs 1,692 cr |url=https://www.business-standard.com/industry/news/adani-road-transport-highway-bid-tot-model-tamil-nadu-125011500399_1.html |access-date=15 January 2025}}</ref> | ||
In December 2021, it won the contract to build a 464 km stretch of the 594 km-long [[Ganga Expressway]] in Uttar Pradesh.<ref>{{cite news |title=Adani wins big chunk of Ganga Expressway project worth ₹17,085 crore |url=https://www.thehindubusinessline.com/companies/adani-wins-big-chunk-of-ganga-expressway-project-worth-17085-crore/article37997744.ece |access-date=8 January 2022 |work=Business Line |language=en}}</ref> | In December 2021, it won the contract to build a 464 km stretch of the 594 km-long [[Ganga Expressway]] in Uttar Pradesh.<ref>{{cite news |title=Adani wins big chunk of Ganga Expressway project worth ₹17,085 crore |url=https://www.thehindubusinessline.com/companies/adani-wins-big-chunk-of-ganga-expressway-project-worth-17085-crore/article37997744.ece |access-date=8 January 2022 |work=Business Line |language=en}}</ref> | ||
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=== Adani Shipping === | === Adani Shipping === | ||
Incorporated in 2006, Adani Shipping is a [[Singapore]]-based step-down subsidiary which operates a fleet of [[bulk carrier]]s. In 2011, it began transporting coal from the group's mines in Indonesia and Australia.<ref name="shipping">{{cite news |title=Adani Shipping Buys Vessels to Transport Coal From Australia |url=https://www.bloomberg.com/news/articles/2011-01-07/adani-shipping-buys-vessels-to-transport-coal-from-australia |access-date=28 January 2023 |work=Bloomberg.com |date=7 January 2011 |language=en}}</ref><ref>{{cite news |title=Adani Shipping Pte. Ltd. Company Profile - Singapore |url=https://www.emis.com/php/company-profile/SG/Adani_Shipping_Pte_Ltd_en_6690450.html |access-date=28 January 2023 |work=www.emis.com}}</ref> | Incorporated in 2006, Adani Shipping is a [[Singapore]]-based step-down subsidiary which operates a fleet of [[bulk carrier]]s. In 2011, it began transporting coal from the group's mines in Indonesia and Australia.<ref name="shipping">{{cite news |title=Adani Shipping Buys Vessels to Transport Coal From Australia |url=https://www.bloomberg.com/news/articles/2011-01-07/adani-shipping-buys-vessels-to-transport-coal-from-australia |access-date=28 January 2023 |work=Bloomberg.com |date=7 January 2011 |language=en}}</ref><ref>{{cite news |title=Adani Shipping Pte. Ltd. Company Profile - Singapore |url=https://www.emis.com/php/company-profile/SG/Adani_Shipping_Pte_Ltd_en_6690450.html |access-date=28 January 2023 |work=www.emis.com}}</ref> | ||
=== Adani Rail and Metro Transport === | |||
Established in October 2019 as a full-owned subsidiary of AEL, Adani Metro Transport Limited undertakes metro rail projects.<ref>{{cite news |title=Adani Enterprises up for fifth straight day, surges 27% in one week |url=https://www.business-standard.com/article/markets/adani-enterprises-up-for-fifth-straight-day-surges-27-in-one-week-119101800335_1.html |access-date=18 March 2025 |work=Business Standard |date=18 October 2019 |language=en}}</ref> Adani group also have their private railway Network.<ref>{{cite news |title=Adani’s infrastructure footprint across railways, roads, aviation, and ports |url=https://www.financialexpress.com/business/infrastructure-adani-infrastructure-footprint-across-railways-roads-aviation-and-ports-3671092/ |work=Financialexpress |date=21 November 2024 |language=en}}</ref> | |||
=== Adani Solar === | === Adani Solar === | ||
Adani Solar is the [[solar PV]] manufacturing and EPC subsidiary of Adani Enterprises. As of November 2020, it is the largest integrated solar cell and module manufacturer in India.<ref>{{Cite news|last=Mishra|first=Lalatendu|date=2020-11-23|title=Adani Solar to add 2-GW cell and module capacity at Mundra|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/adani-solar-to-add-2-gw-cell-and-module-capacity-at-mundra/article33163475.ece|access-date=2021-07-20|issn=0971-751X}}</ref> | |||
Adani | === Adani New Industries === | ||
Adani New Industries was incorporated in January 2022 as a wholly owned [[renewable energy|new energy]] subsidiary of Adani Enterprises. It undertakes [[green hydrogen]] projects such as [[low-carbon power]] generation, as well as the manufacture of [[hydrogen fuel cell]]s, [[wind turbine]]s, [[solar module]]s and batteries.<ref name="energy">{{cite news |title=Adani Group sets up subsidiary for new energy business |url=https://www.businesstoday.in/industry/energy/story/adani-group-sets-up-subsidiary-for-new-energy-business-318400-2022-01-09 |access-date=23 May 2022 |work=Business Today |language=en}}</ref><ref name="moneycontrol_8144311">{{cite news |title=Adani Group in pact with Ballard to manufacture hydrogen fuel cells in India |url=https://www.moneycontrol.com/news/business/economy/adani-group-in-pact-with-ballard-for-hydrogen-fuel-cells-in-india-8144311.html |access-date=23 May 2022 |work=Moneycontrol |language=en}}</ref> | |||
=== Adani Water === | === Adani Water === | ||
It was founded as a subsidiary in December 2018, with a focus on water infrastructure construction. It is currently involved in wastewater treatment, recycle and reuse projects at [[Prayagraj]] under the [[Pollution of the Ganges#National Mission for clean Ganga|National Mission for Clean Ganga Framework]].<ref>{{Cite news|agency=Press Trust of India|date=2018-12-27|title=Adani Enterprises incorporates a new subsidiary, Prayagraj Water|work=Business Standard India|url=https://www.business-standard.com/article/companies/adani-enterprises-incorporates-a-new-subsidiary-prayagraj-water-118122700797_1.html|access-date=2021-07-20}}</ref> | It was founded as a subsidiary in December 2018, with a focus on water infrastructure construction. It is currently involved in wastewater treatment, recycle and reuse projects at [[Prayagraj]] under the [[Pollution of the Ganges#National Mission for clean Ganga|National Mission for Clean Ganga Framework]].<ref>{{Cite news|agency=Press Trust of India|date=2018-12-27|title=Adani Enterprises incorporates a new subsidiary, Prayagraj Water|work=Business Standard India|url=https://www.business-standard.com/article/companies/adani-enterprises-incorporates-a-new-subsidiary-prayagraj-water-118122700797_1.html|access-date=2021-07-20}}</ref> | ||
=== Adani Welspun Exploration=== | === Adani Welspun Exploration=== | ||
Adani Welspun Exploration is a 65:35 joint venture between [[Adani Group]] (through Adani Enterprises) and [[Welspun Group|Welspun Enterprises]]. It is involved in [[oil and gas exploration]].<ref>{{cite news |title=Adani Enterprises updates on gas discovery by JV in Tapti-Daman Sector |url=https://www.livemint.com/companies/news/adani-enterprises-updates-on-gas-discovery-by-jv-in-tapti-daman-sector-of-mumbai-offshore-11623295491568.html |access-date=28 October 2021 |work=mint |date=10 June 2021 |language=en}}</ref> | Adani Welspun Exploration is a 65:35 joint venture between [[Adani Group]] (through Adani Enterprises) and [[Welspun Group|Welspun Enterprises]]. It is involved in [[oil and gas exploration]].<ref>{{cite news |title=Adani Enterprises updates on gas discovery by JV in Tapti-Daman Sector |url=https://www.livemint.com/companies/news/adani-enterprises-updates-on-gas-discovery-by-jv-in-tapti-daman-sector-of-mumbai-offshore-11623295491568.html |access-date=28 October 2021 |work=mint |date=10 June 2021 |language=en}}</ref> | ||
===Kutch Copper=== | |||
Kutch Copper is a wholly owned subsidiary of Adani Enterprises which was incorporated in March 2021 to manufacture copper [[cathode]]s, copper rods and other copper products.<ref name="copper">{{cite news |last1=Dilipkumar |first1=Bhavya |title=Adani Enterprises enters copper business, incorporates Kutch Copper Limited |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/adani-enterprises-enters-the-copper-business-incorporates-kutch-copper-limited/articleshow/81694326.cms |access-date=28 January 2023 |work=The Economic Times |date=26 March 2021}}</ref> In 2022, the company was reported to be setting up a [[Greenfield project|greenfield]] copper refinery complex at [[Mundra]] with 1 million tonnes per annum (MTPA) capacity, expected to commence production in 2024.<ref>{{cite news |title=Adani Group achieves financial closure for Kutch Copper project |url=https://www.thehindubusinessline.com/companies/adani-group-achieves-financial-closure-for-kutch-copper-project/article65567293.ece |access-date=28 January 2023 |work=The Hindu Businessline |date=26 June 2022 |language=en}}</ref> | |||
=== Adani Agri Fresh=== | |||
Adani Agri Fresh is involved in procurement, packaging, logistics and marketing of apples produced by farmers in [[Himachal Pradesh]], as well as and other Indian fruits, under ''Farm-Pik'' brand.<ref>{{cite news |title=Adani Agri Fresh procures 2,500 tonnes of apples from farmers |url=https://economictimes.indiatimes.com/industry/cons-products/food/adani-agri-fresh-procures-2500-tonnes-of-apples-from-farmers/articleshow/85765014.cms |access-date=15 May 2022 |work=The Economic Times}}</ref> It also imports fruits from other countries and sells them in the Indian market.<ref>{{cite news |title=Supply Chain Re-engineering in the Fresh Produce Industry: A Case Study of Adani Agrifresh |url=https://ageconsearch.umn.edu/bitstream/144676/2/20120018.pdf |access-date=15 May 2022 |work=IFAMA}}</ref> | |||
=== Adani Wilmar === | === Adani Wilmar === | ||
{{main|Adani Wilmar}} | |||
Incorporated in 1999, [[Adani Wilmar]] is a [[food processing]] company and a [[joint venture]] between Adani Enterprises and [[Wilmar International]]. In November 2000, Adani Wilmar launched its flagship brand "Fortune" under which it produces and sells [[edible oil]]s including [[sunflower oil]], [[palm oil]], [[soybean oil]], [[mustard oil]], [[rice bran oil]], [[cottonseed oil]], [[groundnut oil]] and [[Dalda|vanaspati]]. Apart from edible oils, it sells flour, rice, pulses, sugar, soya nuggets and instant food mixes.<ref>{{Cite web|date=2020-11-24|title=Adani Wilmar completes 20 years of Fortune brand; to set up new plants across businesses|url=https://www.financialexpress.com/industry/adani-wilmar-completes-20-years-of-fortune-brand-to-set-up-new-plants-across-businesses/2135589/|access-date=2021-03-10|website=The Financial Express|language=en-US}}</ref><ref>{{cite news |title=Adani Wilmar on a roll; shares zoom over 80% in one month |url=https://www.businesstoday.in/markets/stocks/story/adani-wilmar-on-a-roll-shares-zoom-over-80-in-one-month-331132-2022-04-25 |access-date=31 May 2022 |work=Business Today |language=en}}</ref> The company makes [[personal care]] products like soaps, handwash and hand sanitizers under "Alife" brand.<ref name="wilmar">{{cite news |last1=Vora |first1=Rutam |title=Adani Wilmar sees food business growing 3x over oils in next five years |url=https://www.thehindubusinessline.com/companies/adani-wilmar-sees-food-business-growing-3x-over-oils-in-next-five-years/article33170588.ece |access-date=5 June 2021 |work=Business Line |language=en}}</ref> It makes industrial use products comprising [[oleochemicals]], [[castor oil]] and [[lecithin]].<ref>{{cite news |title=How Adani Wilmar Became India's Second-largest FMCG Firm |url=https://www.businesstoday.in/magazine/corporate/story/how-adani-wilmar-became-indias-second-largest-fmcg-firm-326608-2022-03-23 |access-date=31 May 2022 |work=Business Today |language=en}}</ref> | |||
The company went public in January 2022 with an [[initial public offering]], after which Adani Enterprises and Wilmar International continued to hold a combined 88% stake in Adani Wilmar.<ref>{{cite news |agency=Press Trust of India |title=Adani Wilmar finalises issue price of Rs 3,600-cr IPO at Rs 230 per share |url=https://www.business-standard.com/article/markets/adani-wilmar-finalises-issue-price-of-rs-3-600-cr-ipo-at-rs-230-per-share-122020401399_1.html |access-date=31 May 2022 |work=Business Standard India |date=4 February 2022}}</ref> | |||
On December 30, 2024, Adani Enterprises announced plans to sell its entire 44% stake in Adani Wilmar in a $2 billion deal. The transaction includes Wilmar International acquiring a 31% stake, with the remaining 13% to be sold in the open market to meet regulatory norms.<ref>{{cite news |title=Adani to sell stake in Adani Wilmar for $2 billion |url=https://www.indiatoday.in/business/story/adani-enterprises-to-sell-entire-adani-wilmar-stake-in-usd-2-billion-deal-lence-pte-ltd-divestment-2657295-2024-12-30 |access-date=31 December 2024 |work=India Today |date=30 December 2024}}</ref> | |||
=== AdaniConneX === | |||
AdaniConneX was launched in 2021 as a 50:50 joint venture with EdgeConneX to develop a network of hyperscale [[data center]]s in India, starting with [[Chennai]], [[Navi Mumbai]], [[Noida]], [[Visakhapatnam]] and [[Hyderabad]].<ref>{{Cite web|date=2021-02-23|title=Adani Enterprises, EdgeConneX form JV to develop data centers in India|url=https://www.financialexpress.com/industry/adani-enterprises-edgeconnex-form-jv-to-develop-data-centers-in-india/2200104/|access-date=2021-07-20|website=The Financial Express|language=en-US}}</ref><ref>{{Cite news|title=Adani Group forms equal JV with US company to build data centre parks in 6 Indian cities|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/information-tech/adani-group-forms-equal-jv-with-us-company-to-build-data-centre-parks-in-6-indian-cities/articleshow/81165220.cms|access-date=2021-07-20}}</ref><ref>{{Cite web|date=April 13, 2021|first=Sindhu|last=Hariharan|title=Flipkart partners with Adani Group for data centre in Chennai|url=https://timesofindia.indiatimes.com/city/chennai/flipkart-partners-with-adani-group-for-data-centre-in-city/articleshow/82036926.cms|access-date=2021-07-20|website=The Times of India|language=en}}</ref> In 2022, AdaniConneX announced that it was building a hyperscale data center in [[Kolkata]]'s Bengal Silicon Valley tech hub.<ref name=ag1>{{Cite web |date=June 6, 2022 |first=Indrajit |last=Kundu |title=Adani Group to set up hyper-scale data centre at Bengal Silicon Valley |url=https://www.indiatoday.in/india/story/adani-group-data-centre-bengal-silicon-valley-new-town-kolkata-1959113-2022-06-06 |access-date=2022-06-09 |website=India Today |language=en}}</ref> | |||
=== Adani Digital Labs=== | |||
Adani Digital Labs was incorporated in September 2021 as a wholly owned subsidiary of Adani Enterprises, to build a digital platform for the consumers of Adani Group's [[B2C]] businesses.<ref name="digital">{{cite news |title=Adani Enterprises incorporates wholly-owned arm Adani Digital Labs |url=https://www.livemint.com/companies/news/adani-enterprises-incorporates-wholly-owned-arm-adani-digital-labs-11632414572785.html |access-date=10 January 2023 |work=mint |date=23 September 2021 |language=en}}</ref><ref>{{cite news |last1=Manoj |first1=P. |title=Gautam Adani bets on Digital Lab business to become a trillion-dollar group |url=https://www.thehindubusinessline.com/info-tech/adani-confident-of-trillion-dollar-valuation-for-digital-lab/article35926512.ece |access-date=10 January 2023 |work=www.thehindubusinessline.com |date=15 August 2021 |language=en}}</ref> In December 2022, the company made the [[alpha release]] of the [[mobile app]], named "Adani One", with the integration of the group's airport vertical.<ref>{{cite news |title=Adani Group launches Adani One to service airports vertical, plans super app for 'digital twin' |url=https://www.moneycontrol.com/news/business/adani-group-launches-adani-one-to-service-airports-vertical-plans-super-app-for-digital-twin-9733271.html |access-date=10 January 2023 |work=Moneycontrol |language=en}}</ref> In 2023, Adani Digital Labs acquired a 100% stake in Trainman, an online train ticket booking platform.<ref>{{cite news |title=Adani set to acquire online train booking platform Trainman |url=https://economictimes.indiatimes.com/industry/transportation/railways/adani-set-to-acquire-online-train-booking-platform-trainman/articleshow/101053081.cms?from=mdr |work=The Economic Times |date=19 June 2023}}</ref> | |||
===AMG Media Networks=== | ===AMG Media Networks=== | ||
AMG Media Networks was incorporated in April 2022 as a wholly | AMG Media Networks was incorporated in April 2022 as a wholly owned media and publishing subsidiary of Adani Enterprises.<ref name="amg">{{cite news |title=Adani Enterprises sets up wholly-owned subsidiary called AMG Media Networks |url=https://indianexpress.com/article/business/companies/adani-enterprises-sets-up-wholly-owned-subsidiary-called-amg-media-networks-7890149/ |access-date=15 May 2022 |work=The Indian Express |date=28 April 2022 |language=en}}</ref> In May 2022, AMG Media Networks announced the acquisition of a 49% stake in Quintillion Business Media Ltd, which operates [[BQ Prime]], for an undisclosed amount. Adani Enterprises had previously acquired an unspecified minority stake in the company in March 2022.<ref>{{cite news |title=Adani group to acquire 49% stake in Quintillion Media for undisclosed amount |url=https://www.livemint.com/companies/news/adani-group-to-acquire-49-stake-in-quintillion-business-media-for-undisclosed-amount-11652623151162.html |access-date=15 May 2022 |work=mint |date=15 May 2022 |language=en}}</ref> In August 2022, AMG Media Networks announced the acquisition of a 29.18% stake in [[NDTV]] through its subsidiary.<ref>{{cite news |title=Adani Group to acquire 29% in NDTV, says will launch open offer for another 26% stake |url=https://www.hindustantimes.com/business/adani-group-to-acquire-29-in-ndtv-says-will-launch-open-offer-for-another-26-101661261046131.html |access-date=30 September 2022 |work=Hindustan Times}}</ref> In December 2022, it acquired an additional 8.27% stake via a [[tender offer]]<ref>{{cite news |title=Adani Group's VCPL acquires 8.27% stake in NDTV through open offer |url=https://www.livemint.com/market/stock-market-news/adani-group-s-vcpl-acquires-8-27-stake-in-ndtv-through-open-offer-11671508949144.html |access-date=30 January 2023 |work=mint |date=20 December 2022 |language=en}}</ref> and 27.26% stake from the promoters [[Radhika Roy]] and [[Prannoy Roy]], to raise its total shareholding in NDTV to over 64%.<ref>{{cite news |last1=Pinto |first1=Viveat Susan |title=Adani Enterprises buys shares from NDTV founders at 17% premium |url=https://www.business-standard.com/article/companies/adani-group-acquires-ndtv-promoter-stake-of-27-26-for-rs-602-crore-122123001050_1.html |access-date=30 January 2023 |work=Business Standard |date=30 December 2022 |language=en}}</ref> In November 2023, AMG Media Networks raised its stake in BQ Prime to 100%<ref>{{cite news |title=Adani buys remaining 51% stake in BQ-publisher Quintillion Business Media |url=https://economictimes.indiatimes.com/industry/media/entertainment/adani-buys-remaining-51-stake-in-bq-publisher-quintillion-business-media/articleshow/104911115.cms |access-date=18 March 2025 |work=The Economic Times |date=2 November 2023}}</ref> and rebranded BQ Prime as [[NDTV Profit]], which had been shut down since June 2018.<ref>{{cite news |title=BQ Prime to be rebranded as NDTV Profit |url=https://www.exchange4media.com/media-tv-news/bq-prime-to-be-rebranded-as-ndtv-profit-130929.html |access-date=18 March 2025 |work=Exchange4media |date=10 November 2023 |language=en}}</ref> | ||
In December 2023, AMG Media Networks acquired a 50.50% controlling stake in [[Indo-Asian News Service]] (IANS).<ref>{{cite news |title=Adani acquires majority stake in news agency IANS |url=https://indianexpress.com/article/india/adani-acquires-majority-stake-in-news-agency-ians-9070766/ |access-date=18 March 2025 |work=The Indian Express |date=16 December 2023 |language=en}}</ref> | |||
==Former subsidiaries== | ==Former subsidiaries== | ||
Former subsidiaries [[Adani Ports & SEZ]], [[Adani Power]] and [[Adani Transmission]] were [[demerger|demerged]] from Adani Enterprises in 2015.<ref>{{cite news |last1=Pathak |first1=Maulik |title=Adani announces mega demerger scheme, to list Adani Transmissions |url=https://www.livemint.com/Companies/FJeraNpdKs0MazN4W0qySN/Adani-board-approves-mega-demerger-scheme.html |access-date=21 April 2021 |work=mint |date=30 January 2015 |language=en}}</ref> [[Adani Green Energy]] and Adani Gas were demerged in 2018.<ref>{{cite news |title=Adani Enterprises trades ex-date to spin off its renewable energy biz |url=https://www.business-standard.com/article/markets/adani-enterprises-trades-ex-date-to-spin-off-its-renewable-energy-biz-118040500237_1.html |access-date=21 April 2021 |work=Business Standard India |date=5 April 2018}}</ref><ref>{{cite news |title=Adani Gas lists at ₹72 after demerger from parent AEL |url=https://www.thehindubusinessline.com/markets/adani-gas-lists-at-72-after-demerger-from-parent-ael/article25428423.ece |access-date=21 April 2021 |work=Business Line |date=5 November 2018 |language=en}}</ref> | Former subsidiaries [[Adani Ports & SEZ]], [[Adani Power]] and [[Adani Transmission]] were [[demerger|demerged]] from Adani Enterprises in 2015.<ref>{{cite news |last1=Pathak |first1=Maulik |title=Adani announces mega demerger scheme, to list Adani Transmissions |url=https://www.livemint.com/Companies/FJeraNpdKs0MazN4W0qySN/Adani-board-approves-mega-demerger-scheme.html |access-date=21 April 2021 |work=mint |date=30 January 2015 |language=en}}</ref> [[Adani Green Energy]] and Adani Gas were demerged in 2018.<ref>{{cite news |title=Adani Enterprises trades ex-date to spin off its renewable energy biz |url=https://www.business-standard.com/article/markets/adani-enterprises-trades-ex-date-to-spin-off-its-renewable-energy-biz-118040500237_1.html |access-date=21 April 2021 |work=Business Standard India |date=5 April 2018}}</ref><ref>{{cite news |title=Adani Gas lists at ₹72 after demerger from parent AEL |url=https://www.thehindubusinessline.com/markets/adani-gas-lists-at-72-after-demerger-from-parent-ael/article25428423.ece |access-date=21 April 2021 |work=Business Line |date=5 November 2018 |language=en}}</ref> | ||
==Investments== | Adani Cementation or Adani Cement Industries Limited (ACIL) was incorporated in June 2021 as a subsidiary of Adani Enterprises.<ref name="moneycontrol.com">{{Cite web|title=Adani Enterprises Incorporates New Subsidiary For Cement Business|url=https://www.moneycontrol.com/news/business/adani-enterprises-incorporates-new-subsidiary-for-cement-business-7026321.html|access-date=2021-06-18|website=Moneycontrol|date=12 June 2021 }}</ref><ref>{{Cite news|date=2021-06-12|title=Adani Enterprises forms subsidiary to foray into cement business|work=Business Standard India|url=https://www.business-standard.com/article/companies/adani-enterprises-forms-subsidiary-to-foray-into-cement-business-121061200776_1.html|access-date=2021-06-18}}</ref><ref>{{Cite web|title=Adani Group enters cement business, incorporates Adani Cement Industries|url=https://www.businesstoday.in/current/economy-politics/adani-group-enters-cement-business-incorporates-adani-cement-industries/story/441513.html|access-date=2021-06-18|website=www.businesstoday.in|date=12 June 2021 }}</ref> It was reported in June 2021 that the Adani Group planned to set up a cement plant in [[Maharashtra]] which will have an initial capacity of 5-Million tonnes per annum with an approximate investment of ₹900-1,000 crore.<ref name=":0">{{Cite web|last=Vora|first=Rutam|title=Adani Enterprises plans 5-MTPA cement plant in Maharashtra|url=https://www.thehindubusinessline.com/companies/adani-enterprises-plans-5-mtpa-cement-plant-in-maharashtra/article34836749.ece|access-date=2021-06-18|website=@businessline|date=17 June 2021 |language=en}}</ref> In 2024, Adani Cementation was merged with [[Ambuja Cements]] in a [[share swap]] deal in which Adani Enterprises obtained 87 [[lakh]] shares of Ambuja Cements.<ref>{{cite news |title=Adani Group announces merger, ownership restructuring for its cement assets |url=https://www.business-standard.com/companies/news/adani-group-announces-merger-ownership-restructuring-for-its-cement-assets-124062701104_1.html |access-date=18 March 2025 |work=Business Standard |date=27 June 2024}}</ref> | ||
In 2021, Adani Enterprises acquired a 20% stake in the online travel company [[Cleartrip]].<ref>{{cite news |title=Adani buys 20% stake in Cleartrip |url=https://timesofindia.indiatimes.com/business/india-business/adani-buys-20-stake-in-cleartrip/articleshow/87380730.cms |access-date=3 February 2023 |work=The Times of India |date=30 October 2021}}</ref> Adani Enterprises acquired a 49% stake in Maharashtra Border Check Post Network, a subsidiary of the publicly | |||
== Investments == | |||
In 2021, Adani Enterprises acquired a 20% stake in the online travel company [[Cleartrip]].<ref>{{cite news |title=Adani buys 20% stake in Cleartrip |url=https://timesofindia.indiatimes.com/business/india-business/adani-buys-20-stake-in-cleartrip/articleshow/87380730.cms |access-date=3 February 2023 |work=The Times of India |date=30 October 2021}}</ref> Adani Enterprises acquired a 49% stake in Maharashtra Border Check Post Network, a subsidiary of the publicly listed [[Sadbhav Engineering|Sadbhav Infrastructure Projects]].<ref>{{cite news |title=Adani acquires 49% in Maharashtra Border Check Post Network |url=https://www.thehindubusinessline.com/companies/adani-acquires-49-in-maharashtra-border-check-post-network/article35944091.ece |access-date=3 February 2023 |work=Business Line |date=16 August 2021 |language=en}}</ref> | |||
==Controversies== | == Controversies == | ||
===Opposition to Carmichael mine=== | ===Opposition to Carmichael mine=== | ||
[[File:Keep Australia Beautiful! Stop Adani's coal mine - -climatestrike Melbourne IMG 3469 (45203181425).jpg|thumb|A protest in Melbourne.]] | [[File:Keep Australia Beautiful! Stop Adani's coal mine - -climatestrike Melbourne IMG 3469 (45203181425).jpg|thumb|A protest in Melbourne.]] | ||
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===Allegations of stock manipulation === | ===Allegations of stock manipulation === | ||
On 24 January 2023, [[Hindenburg Research]] published the findings of a two-year investigation claiming that Adani had engaged in [[market manipulation]] and accounting malpractices.<ref name="report">{{cite web |url=https://hindenburgresearch.com/adani/ |title=Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History |date=January 24, 2023 |website=hindenburgresearch.com |publisher=[[Hindenburg Research]] |access-date=January 24, 2023 }}</ref> Hindenburg also disclosed that it was holding [[Short (finance)|short positions]] on Adani Group companies.<ref name="report"/><ref>{{cite news |last1=Thomas |first1=Chris |last2=Kalra |first2=Aditya |title=Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge |url=https://www.reuters.com/markets/asia/hindenburg-says-holds-short-positions-indias-adani-flags-risks-2023-01-25/ |access-date=25 January 2023 |work=[[Reuters]] |date=25 January 2023 |language=en}}</ref><ref>{{cite news |last1=Sorkin |first1=Andrew Ross |last2=Mattu |first2=Ravi |last3=Warner |first3=Bernhard |last4=Kessler |first4=Sarah |last5=Merced |first5=Michael J. | On 24 January 2023, [[Hindenburg Research]] published the findings of a two-year investigation claiming that Adani had engaged in [[market manipulation]] and accounting malpractices.<ref name="report">{{cite web |url=https://hindenburgresearch.com/adani/ |title=Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History |date=January 24, 2023 |website=hindenburgresearch.com |publisher=[[Hindenburg Research]] |access-date=January 24, 2023 }}</ref> Hindenburg also disclosed that it was holding [[Short (finance)|short positions]] on Adani Group companies.<ref name="report"/><ref>{{cite news |last1=Thomas |first1=Chris |last2=Kalra |first2=Aditya |title=Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge |url=https://www.reuters.com/markets/asia/hindenburg-says-holds-short-positions-indias-adani-flags-risks-2023-01-25/ |access-date=25 January 2023 |work=[[Reuters]] |date=25 January 2023 |language=en}}</ref><ref>{{cite news |last1=Sorkin |first1=Andrew Ross |last2=Mattu |first2=Ravi |last3=Warner |first3=Bernhard |last4=Kessler |first4=Sarah |last5=de la Merced |first5=Michael J. |last6=Hirsch |first6=Lauren |last7=Livni |first7=Ephrat |title=A Short Seller Takes Aim at an Indian Corporate Giant |url=https://www.nytimes.com/2023/01/25/business/dealbook/short-seller-hindenburg-adani.html |access-date=25 January 2023 |work=[[The New York Times]] |date=25 January 2023}}</ref><ref>{{cite news |last1=Lockett |first1=Hudson |title=Adani shares take $10.8bn hit after Hindenburg bets against group |url=https://www.ft.com/content/4aedaaf9-9ee8-4334-945c-12ac08429d6a |access-date=25 January 2023 |work=[[Financial Times]] |date=25 January 2023}}</ref> Bonds and shares of companies associated with Adani experienced a decline in value after the accusations.<ref>{{cite news |last1=Lee |first1=Jihye |title=Adani shares fall as short seller firm Hindenburg announces short position |url=https://www.cnbc.com/2023/01/25/adani-group-hindenburg-short-position.html |access-date=25 January 2023 |work=[[CNBC]] |date=25 January 2023 |language=en}}</ref><ref>{{cite news |last1=Kay |first1=Chris |last2=Vishnoi |first2=Abhishek |last3=Joshi |first3=Ashutosh |title=Hindenburg Targets Asia's Richest Man, Triggering Adani Selloff |url=https://www.bloomberg.com/news/articles/2023-01-25/adani-group-stocks-drop-after-hindenburg-takes-short-position |access-date=25 January 2023 |work=[[Bloomberg News]] |date=25 January 2023 |language=en}}</ref> Adani denied the fraud allegations as unfounded and ill-intentioned. On 26 January 2023, Adani Group expressed its intention of taking legal action against Hindenburg.<ref>{{Cite news |date=3 Feb 2023 |title=What nex for Adani? |work=[[India Today]] |location=[[New Delhi]] |publication-place=India}}</ref> | ||
==References== | == References == | ||
{{Reflist|refs= | {{Reflist|refs= | ||
<ref name="tussle">{{cite news |last1=Gandhi |first1=Forum |title=Adani takes over MIAL, Navi Mumbai airports after a 2-year tussle with GVK |url=https://www.thehindubusinessline.com/companies/gvk-in-deal-with-adani-group-for-mumbai-international-airport/article32484211.ece |access-date=5 June 2021 |work=Business Line |language=en}}</ref> | <ref name="tussle">{{cite news |last1=Gandhi |first1=Forum |title=Adani takes over MIAL, Navi Mumbai airports after a 2-year tussle with GVK |url=https://www.thehindubusinessline.com/companies/gvk-in-deal-with-adani-group-for-mumbai-international-airport/article32484211.ece |access-date=5 June 2021 |work=Business Line |language=en}}</ref> | ||
<ref name="hikeown">{{cite news |title=Adani Group completes acquisition of 23.5% stake in Mumbai Airport; to hike ownership to 74% |url=https://www.businesstoday.in/current/corporate/adani-group-completes-acquisition-of-235-stake-in-mumbai-airport-to-hike-ownership-to-74/story/430554.html |access-date=25 April 2021 |work=www.businesstoday.in}}</ref>}} | <!-- <ref name="hikeown">{{cite news |title=Adani Group completes acquisition of 23.5% stake in Mumbai Airport; to hike ownership to 74% |url=https://www.businesstoday.in/current/corporate/adani-group-completes-acquisition-of-235-stake-in-mumbai-airport-to-hike-ownership-to-74/story/430554.html |access-date=25 April 2021 |work=www.businesstoday.in}}</ref> --> | ||
}} | |||
== External links== | == External links== | ||
* {{Official}} | * {{Official website}} | ||
{{Adani Group}} | {{Adani Group}} | ||
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[[Category:Companies listed on the National Stock Exchange of India]] | [[Category:Companies listed on the National Stock Exchange of India]] | ||
[[Category:Companies listed on the Bombay Stock Exchange]] | [[Category:Companies listed on the Bombay Stock Exchange]] | ||
[[Category:NIFTY 50]] | |||
Latest revision as of 16:00, 22 February 2026
 | |
Formerly | Adani Exports Limited (1993–2006) |
|---|---|
| Traded as |
|
| ISIN | Template:ISIN |
| Founded | 2 March 1993 |
| Founder(s) | Gautam Adani |
| Headquarters | , India |
Area served | Worldwide |
Key people | Gautam Adani (chairman) Rajesh Adani (MD) |
| Services | |
| Revenue |  ₹100,365 crore (US$14 billion) (2025)[1][2] |
| ₹10,478 crore (US$1.5 billion) (2025)
[3] | |
| ₹8,005 crore (US$1.1 billion) (2025)[1]
[2] | |
| Total assets | ₹198,135 crore (US$28 billion)[4] (2025) |
| Total equity | ₹56,470 crore (US$7.9 billion)[4] (2025) |
Number of employees | 26,932 (including 19,756 workers) (2024) |
| Parent | Adani Group |
| Subsidiaries | See list |
| Website | {{URL|example.com|optional display text}} |
| Footnotes / references [5] | |
Adani Enterprises Limited (AEL) is an Indian multinational publicly listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.
History[edit | edit source]
The company was incorporated in 1993 under the name Adani Exports Limited.[6] It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis.[7] Its general purpose is to act as an in-house incubator for Adani Group's new businesses until they become self-sustainable.[8][9]
Subsidiaries[edit | edit source]
Adani Enterprises is involved in edible oils foods,[10] airport operations,[11] solar PV manufacturing,[12] road, water infrastructure,[13][14] data centers,[15] agri-output storage and distribution,[16] defence and aerospace,[17] bunkering,[18] shipping,[19] rail and metro infrastructure,[20] oil exploration,[21] petrochemicals,[22] mass media,[23] green hydrogen,[24] copper,[25] aluminium,[26] and online services.[27]
Subsidiaries of Adani Enterprises include:
Adani Defence & Aerospace[edit | edit source]
It is a defense manufacturing arm of the company. It manufactures with armed drones such as Drishti 10 Starliner UAV[28] and small arms such as IWI Negev, Tavor TAR-21, and IWI ACE.[29] As a part of a joint venture between Elbit Systems from Israel and Adani Defence and Aerospace, a manufacturing facility for unmanned aerial vehicle have been set up at Hyderabad, Telangana, inaugurated in 2019.[30][31] In April 2020, Adani Defence Systems and Technologies acquired Alpha Design Technologies Pvt Ltd., an organization involved in the design, development, and manufacture of defense electronics and avionics.[32]
In September 2020, Adani acquired a 51 percent stake in PLR Systems Private Ltd which was incorporated in 2013 and engages in manufacturing and supply of indigenously built defense equipment to the armed forces.[33] In May 2022, Adani Defence Systems and Technologies, a wholly owned subsidiary of Adani Enterprises, signed a definitive agreement to acquire a 50% stake in Bengaluru-based General Aeronautics.[34] The company is involved with DRDO in Long Range Glide Bomb, VSHORAD, ULPGM, NASM-SR and Rudram-1.[35][36]
In February 2024, Adani Defence & Aerospace inaugurated two ammunition and missile manufacturing facilities in the Uttar Pradesh Defence Corridor at Kanpur. Uttar Pradesh Chief Minister, Yogi Adityanath, inaugurated the Ammunition & Missiles Complex, marking the first phase of the state's defence corridor. These facilities are designed to produce various calibres of ammunition and missiles for the Indian armed forces and police. The complex spans 500 acres and will produce 150 million rounds of small-calibre ammunition, covering 25% of India's annual requirement.[37][38]
In June 2024, Adani signed an agreement with Thales Group to locally manufacture 70 mm calibre FZ275 LGR rockets for Indian attack helicopters like HAL Rudra and HAL Prachand.[39][40]
In June 2024, Adani Defence and Aerospace and EDGE Group, a UAE-based technology and defence organisation, entered a cooperation agreement. The collaboration covers missiles, weapons, unmanned systems, air defence products, and electronic warfare technologies with potential R&D and production facilities in India and the UAE.[41]
In May 2025, Adani Defence & Aerospace has signed a binding collaboration agreement with Sparton (DeLeon Springs LLC), a group company of Elbit Systems, to manufacture anti-submarine sonobuoys in India.[42]
Embraer and Adani Group of India signed a memorandum of understanding (MoU) in December 2025 on setting up a final assembly line in India for commercial aircraft having a seating capacity of 70–146 passengers.[43][44][45] Adani Defence & Aerospace signed an agreement with Embraer on 27 January at the Wings India to develop an integrated regional transport aircraft ecosystem in India. Firstly, an assembly line will be established followed by a phased increase in indigenisation to support India’s Regional Transport Aircraft (RTA) program under the UDAN programme.[46][47][48] Later, on 21 February 2026, during the visit of Brazilian president, Lula da Silva, to India, Embraer signed an enhanced MoU with Adani Defence & Aerospace to establish a production ecosystem for E-175 in India. Under the agreement, a final assembly line (FAL) for the aircraft will be set up in India. This was an advancement from the initial MoU signed in January.[49][50]
Adani Defence & Aerospace signed another memorandum of understanding with Leonardo for the strategic partnership to establish India's helicopter manufacturing ecosystem. The companies will setup an assembly line for AW169M and AW109 TrekkerM helicopters with phased indigenisation as well as MRO facilities. This is meant to fulfill the requirement of over 1000 helicopters by the Indian Armed Forces.[51][52][53] While the AW169M will cater the Indian Navy and Coast Guard's Naval Utility Helicopter (NUH) tender[54][55] for 76 helicopters against HAL Utility Helicopter-Marine,[56][57] the TrekkerM will target the reconnaissance and surveillance helicopters (RSH) tender[58] for 200 helicopters of the Indian Army and Air Force against HAL Light Utility Helicopter, Bell 407,[59] and Airbus H125.[60] A joint reply for the tender has been sent to the Indian Defense Ministry.[61] The ecosystem will also serve the domestic civilian market demand.[52]
Adani-Elbit Advanced Systems[edit | edit source]
Adani Enterprise and Elbit Systems formed the joint venture business in 2016. It will produce military drones like Hermes 900. Located in Hyderabad, it is the sole Hermes 900 production facility outside of Israel.[62][63] The first private UAV manufacturing plant in India, the Adani Elbit Unmanned Aerial Vehicles Complex, began operations in December 2018. The factory started off producing full carbon composite aerostructures for Hermes 900 and Hermes 450 for international markets. It increased production to include the construction and integration of entire UAVs. The business began exporting the Hermes 900 by 2020 and set up a Design and Development Center to collaborate on the development of defense technologies.[64][65]
The company was one of the 14 recipients of the production-linked incentive program for drone and drone component manufacturing in 2022.[66]
Adani Airport Holdings[edit | edit source]
Adani Airport Holdings is the airport management and operations subsidiary. It is the majority stakeholder in Mumbai International Airport Limited (MIAL), which owns the Chhatrapati Shivaji Maharaj International Airport and the under-construction Navi Mumbai International Airport.According to media reports as of 2023, Adani Enterprises operates seven airports, acquired during the government's initial privatization initiative. These include Mumbai, Ahmedabad, Lucknow, Thiruvananthapuram, Jaipur, Guwahati, and Mangaluru.[67]
Adani Mining[edit | edit source]
Adani Enterprises operates its mines in India, Indonesia and Australia, and supplies coal to Bangladesh, China, and some countries in Southeast Asia. It has a coal mine in Bunyu, North Kalimantan, Indonesia, which produced 3.9 Mt of coal in 2016–17. The Group has made the largest investment by an Indian company in Australia at the controversial Carmichael coal mine in the Galilee Basin, Queensland. Development of this mine is as of 2020[update] the subject of a court challenge to the Australian Government over its lack of adherence to environmental legislation.[68]
In 2020, Adani Australia, the controversial Australian mining arm of Adani Enterprises was rebranded as Bravus Mining & Resources.[69][70][71] The new subsidiary is responsible for developing Carmichael coal mine in Central Queensland.[72]
Adani Road Transport[edit | edit source]
Adani Road Transport undertakes construction, operations and maintenance of roads, highways, expressways and tollways.[13] The company has NHAI projects in the states of Andhra Pradesh,[73] Chhattisgarh,[74] Gujarat,[13] Kerala,[75] Madhya Pradesh,[76] Maharashtra,[77] Odisha,[78] Telangana,[79] and West Bengal.[80] Adani road Transport bids the highest for the 124-km stretch of National Highway 38 with Rupees 1692 crores.[81]
In December 2021, it won the contract to build a 464 km stretch of the 594 km-long Ganga Expressway in Uttar Pradesh.[82]
Adani Shipping[edit | edit source]
Incorporated in 2006, Adani Shipping is a Singapore-based step-down subsidiary which operates a fleet of bulk carriers. In 2011, it began transporting coal from the group's mines in Indonesia and Australia.[19][83]
Adani Rail and Metro Transport[edit | edit source]
Established in October 2019 as a full-owned subsidiary of AEL, Adani Metro Transport Limited undertakes metro rail projects.[84] Adani group also have their private railway Network.[85]
Adani Solar[edit | edit source]
Adani Solar is the solar PV manufacturing and EPC subsidiary of Adani Enterprises. As of November 2020, it is the largest integrated solar cell and module manufacturer in India.[86]
Adani New Industries[edit | edit source]
Adani New Industries was incorporated in January 2022 as a wholly owned new energy subsidiary of Adani Enterprises. It undertakes green hydrogen projects such as low-carbon power generation, as well as the manufacture of hydrogen fuel cells, wind turbines, solar modules and batteries.[24][87]
Adani Water[edit | edit source]
It was founded as a subsidiary in December 2018, with a focus on water infrastructure construction. It is currently involved in wastewater treatment, recycle and reuse projects at Prayagraj under the National Mission for Clean Ganga Framework.[88]
Adani Welspun Exploration[edit | edit source]
Adani Welspun Exploration is a 65:35 joint venture between Adani Group (through Adani Enterprises) and Welspun Enterprises. It is involved in oil and gas exploration.[89]
Kutch Copper[edit | edit source]
Kutch Copper is a wholly owned subsidiary of Adani Enterprises which was incorporated in March 2021 to manufacture copper cathodes, copper rods and other copper products.[25] In 2022, the company was reported to be setting up a greenfield copper refinery complex at Mundra with 1 million tonnes per annum (MTPA) capacity, expected to commence production in 2024.[90]
Adani Agri Fresh[edit | edit source]
Adani Agri Fresh is involved in procurement, packaging, logistics and marketing of apples produced by farmers in Himachal Pradesh, as well as and other Indian fruits, under Farm-Pik brand.[91] It also imports fruits from other countries and sells them in the Indian market.[92]
Adani Wilmar[edit | edit source]
Incorporated in 1999, Adani Wilmar is a food processing company and a joint venture between Adani Enterprises and Wilmar International. In November 2000, Adani Wilmar launched its flagship brand "Fortune" under which it produces and sells edible oils including sunflower oil, palm oil, soybean oil, mustard oil, rice bran oil, cottonseed oil, groundnut oil and vanaspati. Apart from edible oils, it sells flour, rice, pulses, sugar, soya nuggets and instant food mixes.[93][94] The company makes personal care products like soaps, handwash and hand sanitizers under "Alife" brand.[10] It makes industrial use products comprising oleochemicals, castor oil and lecithin.[95]
The company went public in January 2022 with an initial public offering, after which Adani Enterprises and Wilmar International continued to hold a combined 88% stake in Adani Wilmar.[96]
On December 30, 2024, Adani Enterprises announced plans to sell its entire 44% stake in Adani Wilmar in a $2 billion deal. The transaction includes Wilmar International acquiring a 31% stake, with the remaining 13% to be sold in the open market to meet regulatory norms.[97]
AdaniConneX[edit | edit source]
AdaniConneX was launched in 2021 as a 50:50 joint venture with EdgeConneX to develop a network of hyperscale data centers in India, starting with Chennai, Navi Mumbai, Noida, Visakhapatnam and Hyderabad.[98][99][100] In 2022, AdaniConneX announced that it was building a hyperscale data center in Kolkata's Bengal Silicon Valley tech hub.[15]
Adani Digital Labs[edit | edit source]
Adani Digital Labs was incorporated in September 2021 as a wholly owned subsidiary of Adani Enterprises, to build a digital platform for the consumers of Adani Group's B2C businesses.[27][101] In December 2022, the company made the alpha release of the mobile app, named "Adani One", with the integration of the group's airport vertical.[102] In 2023, Adani Digital Labs acquired a 100% stake in Trainman, an online train ticket booking platform.[103]
AMG Media Networks[edit | edit source]
AMG Media Networks was incorporated in April 2022 as a wholly owned media and publishing subsidiary of Adani Enterprises.[23] In May 2022, AMG Media Networks announced the acquisition of a 49% stake in Quintillion Business Media Ltd, which operates BQ Prime, for an undisclosed amount. Adani Enterprises had previously acquired an unspecified minority stake in the company in March 2022.[104] In August 2022, AMG Media Networks announced the acquisition of a 29.18% stake in NDTV through its subsidiary.[105] In December 2022, it acquired an additional 8.27% stake via a tender offer[106] and 27.26% stake from the promoters Radhika Roy and Prannoy Roy, to raise its total shareholding in NDTV to over 64%.[107] In November 2023, AMG Media Networks raised its stake in BQ Prime to 100%[108] and rebranded BQ Prime as NDTV Profit, which had been shut down since June 2018.[109]
In December 2023, AMG Media Networks acquired a 50.50% controlling stake in Indo-Asian News Service (IANS).[110]
Former subsidiaries[edit | edit source]
Former subsidiaries Adani Ports & SEZ, Adani Power and Adani Transmission were demerged from Adani Enterprises in 2015.[111] Adani Green Energy and Adani Gas were demerged in 2018.[112][113]
Adani Cementation or Adani Cement Industries Limited (ACIL) was incorporated in June 2021 as a subsidiary of Adani Enterprises.[114][115][116] It was reported in June 2021 that the Adani Group planned to set up a cement plant in Maharashtra which will have an initial capacity of 5-Million tonnes per annum with an approximate investment of ₹900-1,000 crore.[117] In 2024, Adani Cementation was merged with Ambuja Cements in a share swap deal in which Adani Enterprises obtained 87 lakh shares of Ambuja Cements.[118]
Investments[edit | edit source]
In 2021, Adani Enterprises acquired a 20% stake in the online travel company Cleartrip.[119] Adani Enterprises acquired a 49% stake in Maharashtra Border Check Post Network, a subsidiary of the publicly listed Sadbhav Infrastructure Projects.[120]
Controversies[edit | edit source]
Opposition to Carmichael mine[edit | edit source]
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The Carmichael coal mine project has faced environmental protests across Australia since the mine was proposed in 2010.[121] The pressure from environmental groups forced international banks and financial institutions to not lend to the project, and resulted in a long delay in securing environmental clearances.[122] In 2018, Adani Group scaled down the mine's capacity and self-financed the project.[123] An indigenous group of the region went to court seeking invalidation of the indigenous land use agreement which was approved by its representatives, but the appeal was dismissed by the Federal Court in 2019.[124] The mine made its first coal shipment in December 2021.[125]
Allegations of stock manipulation[edit | edit source]
On 24 January 2023, Hindenburg Research published the findings of a two-year investigation claiming that Adani had engaged in market manipulation and accounting malpractices.[126] Hindenburg also disclosed that it was holding short positions on Adani Group companies.[126][127][128][129] Bonds and shares of companies associated with Adani experienced a decline in value after the accusations.[130][131] Adani denied the fraud allegations as unfounded and ill-intentioned. On 26 January 2023, Adani Group expressed its intention of taking legal action against Hindenburg.[132]
References[edit | edit source]
- ↑ 1.0 1.1 "Adani Enterprises Q4 results: Net profit rises 138% to Rs 722 cr; firm declares Rs 1.2 dividend". Business Today. 4 May 2023. Retrieved 7 May 2023.
- ↑ 2.0 2.1 "AEL financials". Moneycontrol. 6 June 2023. Retrieved 7 May 2023.
- ↑ "AEL financials". Groww. Retrieved 6 June 2023.
- ↑ 4.0 4.1 "Q4 FY22 Financials" (PDF). Adani Enterprises. Retrieved 23 May 2022.
- ↑ "Adani Enterprises Limited - Annual Report". Adani Group. Archived from the original on 13 April 2023. Retrieved 13 April 2023.
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- ↑ 10.0 10.1 Vora, Rutam. "Adani Wilmar sees food business growing 3x over oils in next five years". Business Line. Retrieved 5 June 2021.
- ↑ Gandhi, Forum. "Adani takes over MIAL, Navi Mumbai airports after a 2-year tussle with GVK". Business Line. Retrieved 5 June 2021.
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- ↑ 15.0 15.1 Kundu, Indrajit (6 June 2022). "Adani Group to set up hyper-scale data centre at Bengal Silicon Valley". India Today. Retrieved 9 June 2022.
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- ↑ "Adani Enterprises gains as Airbus, Adani Defence sign MoU". Business Standard India. 7 February 2020. Retrieved 1 June 2021.
- ↑ Sood, Jyotika; Bhaskar, Utpal (28 February 2017). "Adani Enterprises plans ship-fuelling business expansion". mint. Retrieved 7 June 2021.
- ↑ 19.0 19.1 "Adani Shipping Buys Vessels to Transport Coal From Australia". Bloomberg.com. 7 January 2011. Retrieved 28 January 2023.
- ↑ Prasad, Rachita (17 October 2019). "Adani Enterprises sets up new arm for metro rail business". The Economic Times. Retrieved 8 June 2021.
- ↑ "Adani Welspun finds gas in offshore Mumbai". Mint. Retrieved 21 June 2021.
- ↑ "Adani Enterprises incorporates wholly-owned arm Mundra Petrochem Limited". The Economic Times. Retrieved 2 July 2021.
- ↑ 23.0 23.1 "Adani Enterprises sets up wholly-owned subsidiary called AMG Media Networks". The Indian Express. 28 April 2022. Retrieved 15 May 2022.
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- ↑ 27.0 27.1 "Adani Enterprises incorporates wholly-owned arm Adani Digital Labs". mint. 23 September 2021. Retrieved 10 January 2023.
- ↑ "Adani opens UAV facility". The Hindu. 15 December 2018. ISSN 0971-751X. Retrieved 20 July 2021.
- ↑ Pubby, Manu. "Adani Defence to focus on small arms and ammo, anti-drone systems". The Economic Times. Retrieved 20 July 2021.
- ↑ Rao, Ch Sushil; Bharadwaj, Swati; Rathor, Swati (4 October 2020). "Hyderabad adding muscle to India's armed forces". The Times of India. Retrieved 20 July 2021.
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- ↑ "Adani Defence & Aerospace's to manufacture Army's ammunition & missile in UP defence corridor". Business Line. 27 February 2024. Retrieved 8 August 2024.
- ↑ Sharma, Rakshanda (27 February 2024), "Adani unveils South Asia's largest ammunition and missiles complex in Kanpur, to add 4,000 jobs", The Economic Times, ISSN 0013-0389, retrieved 8 August 2024
- ↑ "Big Boost to Rudra and Prachand helicopters: Adani Defence and Thales Group to manufacture 70mm rockets in India". The Economic Times. 27 June 2024. ISSN 0013-0389. Retrieved 27 June 2024.
- ↑ ""Key Milestone": Adani Defence, Thales Tie Up To Make Rockets In India". NDTV.com. Retrieved 27 June 2024.
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- ↑ "Adani Defence, Sparton Sign Deal To Make Anti-Submarine Sonobuoys In India". www.ndtv.com. Retrieved 18 May 2025.
- ↑ "In a first, Adani, Embraer tie up to build commercial fixed-wing planes in India". The Times of India. 8 January 2026. ISSN 0971-8257. Retrieved 12 January 2026.
- ↑ "Adani Group, Embraer sign MoU to set up aircraft assembly line in India". The Financial Express. 8 January 2026. Retrieved 12 January 2026.
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- ↑ "Adani Defence & Aerospace and Leonardo Forge Strategic Partnership to Build India's Helicopter Ecosystem" (Press release). Adani Group. 3 February 2026. Retrieved 4 February 2026.
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- ↑ "Indian Navy floats RFI for 76 helicopters to boost rescue, patrol missions". The Economic Times. 24 August 2025. ISSN 0013-0389. Retrieved 4 February 2026.
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- ↑ "Indo-Israeli Joint Venture To Manufacture Drones In India". defensemirror.com. 9 November 2016. Retrieved 9 December 2025.
- ↑ Krishna, Tanya (13 June 2025). "From Haifa to Hyderabad: A look at Adani Group assets in Middle East amid rising Iran-Israel conflict". The Financial Express. Retrieved 9 December 2025.
- ↑ Jayakumar, P. B. (24 June 2025). "'Operation Sindoor called, we delivered': Gautam Adani makes powerful pitch on homegrown drone warfare and defence readiness". Fortune India. Retrieved 9 December 2025.
- ↑ Chand, Swati Bharadwaj (14 December 2018). "India's first pvt UAV facility takes off at Hyderabad". The Times of India. ISSN 0971-8257. Retrieved 9 December 2025.
- ↑ Sinha, Saurabh (21 April 2022). "Adani-Israel co JV, 13 others vie for drone scheme". The Times of India. ISSN 0971-8257. Retrieved 9 December 2025.
- ↑ Mukul, Pranav (28 May 2022). "7 airports with it, Adanis look to buy stake in key aircraft back-end company". The Indian Express. Retrieved 2 January 2024.
- ↑ "ACF challenges Morrison Government decision to not apply water trigger to Adani pipeline". Australian Conservation Foundation. 16 March 2020. Archived from the original on 15 March 2022. Retrieved 31 August 2020.
- ↑ Adani launches new brand for its mining business to celebrate 10 years in Australia Archived 7 March 2022 at the Wayback Machine Bravus Mining & Resources 5 November 2020
- ↑ Adani Australia rebrands to Bravus Mining and Resources Archived 5 August 2021 at the Wayback Machine Australian Mining 5 November 2020
- ↑ Crooked not courageous: Adani renames Australian group Bravus, mistaking it for brave The Guardian 5 November 2020
- ↑ Adani on track for first Carmichael mine coal exports in 2021 Brisbane Times 16 July 2020
- ↑ "Adani Enterprises wins Rs 1,546-cr project from NHAI". The Economic Times. Retrieved 8 January 2022.
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- ↑ Khan, Md Zakariya. "Adani top bidder for 124-km NH stretch in Tamil Nadu, offers Rs 1,692 cr". Retrieved 15 January 2025.
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- ↑ "Adani Agri Fresh procures 2,500 tonnes of apples from farmers". The Economic Times. Retrieved 15 May 2022.
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- ↑ "Adani Wilmar completes 20 years of Fortune brand; to set up new plants across businesses". The Financial Express. 24 November 2020. Retrieved 10 March 2021.
- ↑ "Adani Wilmar on a roll; shares zoom over 80% in one month". Business Today. Retrieved 31 May 2022.
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- ↑ "Adani group to acquire 49% stake in Quintillion Media for undisclosed amount". mint. 15 May 2022. Retrieved 15 May 2022.
- ↑ "Adani Group to acquire 29% in NDTV, says will launch open offer for another 26% stake". Hindustan Times. Retrieved 30 September 2022.
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- ↑ Pathak, Maulik (30 January 2015). "Adani announces mega demerger scheme, to list Adani Transmissions". mint. Retrieved 21 April 2021.
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- ↑ "Adani: thousands protest across Australia against Carmichael mine". The Guardian. 8 December 2018. Retrieved 29 January 2023.
- ↑ "Adani will have to dig deep as banks shun Carmichael". Financial Times. 3 July 2017. Retrieved 4 February 2023.
- ↑ "Adani Group To Self-Finance Controversial Carmichael Coal Mine In Australia". NDTV.com. Retrieved 29 January 2023.
- ↑ "Adani land-use agreement: court dismisses Indigenous group's appeal". The Guardian. 12 July 2019. Retrieved 29 January 2023.
- ↑ "Opponents fume as Adani celebrates first coal export from Carmichael Mine". ABC News. 29 December 2021. Retrieved 4 February 2023.
- ↑ 126.0 126.1 "Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History". hindenburgresearch.com. Hindenburg Research. 24 January 2023. Retrieved 24 January 2023.
- ↑ Thomas, Chris; Kalra, Aditya (25 January 2023). "Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge". Reuters. Retrieved 25 January 2023.
- ↑ Sorkin, Andrew Ross; Mattu, Ravi; Warner, Bernhard; Kessler, Sarah; de la Merced, Michael J.; Hirsch, Lauren; Livni, Ephrat (25 January 2023). "A Short Seller Takes Aim at an Indian Corporate Giant". The New York Times. Retrieved 25 January 2023.
- ↑ Lockett, Hudson (25 January 2023). "Adani shares take $10.8bn hit after Hindenburg bets against group". Financial Times. Retrieved 25 January 2023.
- ↑ Lee, Jihye (25 January 2023). "Adani shares fall as short seller firm Hindenburg announces short position". CNBC. Retrieved 25 January 2023.
- ↑ Kay, Chris; Vishnoi, Abhishek; Joshi, Ashutosh (25 January 2023). "Hindenburg Targets Asia's Richest Man, Triggering Adani Selloff". Bloomberg News. Retrieved 25 January 2023.
- ↑ Written at New Delhi. "What nex for Adani?". India Today. India. 3 February 2023.
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