BusinessAdani Group's market cap exceeds $ 200 billion in 2022, trusting India's...

Adani Group’s market cap exceeds $ 200 billion in 2022, trusting India’s growth story on the rise: Gautam Adani

Gautam Adani said, we became the largest airport operator in the country last year. Adani Wilmar's successful IPO makes the company the largest FMCG company in the country

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Gautam Adani: Adani Group Chairman Gautam Adani said on Tuesday, July 26 that the total market capitalization of the group has crossed $ 200 billion this year 2022. He said the group has forayed into sectors ranging from data centres, digital super apps and industrial clouds to defense and aerospace with the government’s Atmanirbhar Bharat.

Adani Group’s AGM

Addressing the Annual General Meeting of the Adani Group, Gautam Adani emphasized on the achievements of the group so far. He said, “We became the largest airport operator in the country last year. The successful IPO of Adani Wilmar made the company the largest FMCG company in the country.

Market share increased in many sectors

Adani said the group has won some major road contracts in the country. Along with this, its market share has grown rapidly in businesses such as Ports, Logistics, Transmission and Distribution, City Gas and Piped Natural Gas. “With the purchase of Holcim’s Indian assets, we are now the second largest cement manufacturer in India,” he said. Holcim is footed by two major brands in the country namely ACC and Ambuja Cements.

Governments of many countries are in contact

Adani said, “Our total market capitalization this year has crossed $200 billion. We have been able to raise billions of dollars from international markets, which confirms the growth story of India and Adani.” The Adani Group chairman also said that governments of many countries are now approaching them to work and build their infrastructure. He said, therefore, in 2002, I have started in countries other than India.

Gautam Adani said the market capitalization of the Adani Group is supported by sustainable growth in cash flows. The company is emphasizing on excellence across its portfolio.

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