Adani Power – India’s largest thermal private power producer

The Adani Group has become a reputed name for its power business. This business arm is run under the company’s subsidiary company – Adani Power Limited. Said to the largest thermal private power producer in India, the company was ranked #334 in top companies in India in Fortune India 500 list of 2011. Mr. Gautam Adani serves as the Chairman and Mr. Rajesh Adani is the Managing Director at APL.

Since the foundation of APL, the firm has owned the largest network of CNG stations in Ahmedabad, Vadodara and Faridabad. Under the leadership of Mr. Rajesh Adani, the company has also synchronized the supercritical technology based 660 MW power generation unit at Mundra. This unit is believed to be the first in the country.

In 2011, the Adani Power Limited was recognized as the firm that considers energy conservation an important task. It was conferred with the National Energy Conservation Award for 2011 by the Bureau of Energy Efficiency. The company got the first prize in the thermal power station category for its supercritical technology-based thermal power plant at Mundra. To receive the award, Mr. Rajesh Adani was present that the event. The Union Minister for Power, Mr. Sushil Kumar Shinde, was also one of the attendees who gave the award.

Adani Power Limited has also set up the country’s largest solar power plant (40 MW) in Bitto, Gujarat.  Under the supervision of Mr. Rajesh Adani, the firm is operating 3,300 MW of power at Mundra.

 

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Adani group – from a trading firm to a leading conglomerate

The Adani Group has become a known name in the business industry with its strong presence in various business verticals such as power, energy, oil & mining, logistics and infrastructure. The main behind the success of the group is Mr. Gautam Adani – the person who founded the company in 1988. Established at the trading firm, the company’s key person is a synonym of the company’s name – all credit goes to Mr. Gautam Adani who has become a classic example of a success story that inspires millions with similar aspirations. Another example of inspiration is Mr. Rajesh Adani who has been in the journey of Adani’s success since the beginning.

Mr. Gautam Adani and Mr. Rajesh Adani should be attributed to the success of the Adani group as they have been the key drivers of the journey, from a trading business founded with Rs 5,00,000 to the conglomerate with current revenue of almost $6 billion. Without any doubt, the journey wouldn’t have been the as easy as it looks. The group has been full of twists and turns. However, the visionary Mr. Gautam Adani and Mr. Rajesh Adani, who has a proactive and personalized approach, bring lots of experience and knowledge about the industry to face the odds and overcome all the challenges.

The business Interests of the Adani group was spread from Power, to Infrastructure, Trading to Real Estate, Energy Logistics to SEZs, and Oil and Gas Exploration. Both Mr. Gautam Adani and Mr. Rajesh Adani have ensured that the best business strategy and plans are executed to reach the level it is today.

The businessmen from Gujarat can be termed as self made multi business men, who focused on plain business and nothing else. With the leadership of Mr. Gautam Adani and Mr. Rajesh Adani, the Adani group has begun by changing its brand identity, and perhaps indicating that the group is poised for further transformation. At this point of time, the company was on the threshold of the third phase of its growth.

With the focused objective of producing 20,000 MW of power, handling 200 million tonnes of cargo at our port in Mundra and minning 200 million tonnes of coal and other ores, Mr. Gautam Adani and Mr. Rajesh Adani are confident in delivering the best result for the company and the country.

 

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Journey of the Adani’s

The Adani Group is a highly reputed company that has become one of the leading Indian conglomerates. It is managed by Mr. Gautam Adani and Mr. Rajesh Adani – the two key people who are associated with the company since its inception. Additionally, there are many other people who have contributed in the development of the group.

It was founded in 1988 with a capital of just Rs 5,00,000. This small company was first established as a trading firm. Gradually, Mr. Gautam Adani entered into various other businesses and metamorphosed into a giant conglomerate. Accredits the leadership qualities of Mr. Gautam Adani and Mr. Rajesh Adani, the company currently enjoys revenues nearing Rs 30,000 crores. The company has its presence in business verticals such as Power, Energy, Oil & Gas, Logistics and Infrastructure. The company is always ready to take another major lead forward with several expansion plans.

It is a definitely a thought what makes the media shy, Gautam Adani keep the momentum going? Well, it can be definitely be his love for businesses. Mr. Rajesh Adani’s competitive spirit and proactive approach toward business relationship development is also one of the driving forces for the company’s revenue to grow so high.

Looking at the past development and current growth, it can be stated that the Adani Group’s revenue would sky rocket by the year 2020. The Power arm of the company, Adani Power Limited will achieve the objective of developing its 2640 MW Coal based Thermal Power Project at Dahej. Mr. Rajesh Adani is the Managing Director at the company, offering personalized and proactive approach towards the company’s progress.

The logistics company, Adani Ports & Special Economic Zone Limited is also one of the important business arms of the Adani group with a strong presence in Mundra Port. The firm has developed various projects in order to improve the shipping and trading.

The Adani group’s flagship company is Adani Enterprises Limited, one of the global integrated players, which is managed by Mr. Gautam Adani as the Chairman and Mr. Rajesh Adani as the Managing Director.

Adani also has its presence in agri products with the popular brand, Fortune Oil. The company is in joint venture with Wilmar for this project.

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Mr. Gautam Adani and Mr. Rajesh Adani – frontrunners in CSR initiatives

Adani Group founders Mr. Gautam Adani and Mr. Rajesh Adani, together have made vast contributions in keeping the company’s corporate social responsibilities flagging high.

Their several initiatives have helped the company get a boost in social tasks.  Mr. Rajesh Adani and Mr Gautam Adani, have founded Adani Foundation, only to cater to the societal needs. Company contributes 1% of its group profit in community initiatives through Adani Foundation.

This foundation runs projects in four key areas such as education, medical/HIV awareness, environmental protection and charitable activities supporting villagers.

Mr Rajesh Adani led Adani Powers is the first power company in India to use ‘supercritical’ technology to reduce CO2 emissions, an initiative that won the company Clean Development Certification from the United Nations Framework Convention on Climate Change (UNFCCC).

The solar plant commissioned by the group is also one such initiative to reduce waste and improve efficiency in power generation.

India Skills, a joint venture in vocational training from Mani pal Global Education Services, India’s leading education service provider, and City & Guilds, one of the leading providers of work-related assessment and qualifications, have also partnered with the Adani Foundation to set up a skills training center in Gujarat.

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Mr Rajesh Adani – Adani Group’s foray in power generation using renewable sources

Mr. Rajesh Adani led Adani Power is emerging as one of the leading players in the crucial power sector of India.  Energy and power, as a sector, in India have attracted much national interest amid the government policies and inadequacy of supply of electricity. Constant global warming threat has catapulted demand for electricity generation through renewable sources.

Mr. Rajesh Adani has successfully comprehended the need for clean and green power which is easily accessible and affordable. The company launched a solar power generation project in Gujarat last year. Solar Power generation is poised to be the future of power generation globally in years to come.

Country’s largest solar power plant in Kutch has marked Mr. Rajesh Adani’s first foray in the renewable energy sector. Adani Group is planning to raise its capacity to 100 MW from the present capacity of 40 MW.

The power generated from this solar plant is evacuated through a 66 KV line linked to a substation in Netra, located 20 kms away from the project site. The project is awarded under Gujarat Solar Power policy of 2009.

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Adani Group expands its projects to Australia

Mr. Rajesh Adani, MD of Adani group has been associated with Adani Group since its inception. Adani Group, a global integrated infrastructure player announced the completion of the single largest and most comprehensive coal mining exploration programme undertaken in Australia. Exhibiting its exemplary project execution skills, the Adani Group had deployed a record number of drill rigs to drastically reduce the exploration time frame at the Carmichael mine in the Galillee basin of Queensland to nine months. Mr. Rajesh Adani is in charge of the operations of the Group and has been responsible for developing its business relationships globally.

According to Mr. Campbell Newman, India has become more to Queensland than a mere trading partner. As India’s industries continue to grow the opportunities for partnerships also grows.  It is Mr. Rajesh Adani’s proactive, personalized approach to the business and competitive spirit that has helped towards the growth of the Group and its various businesses.

The company as part of the mining exploration had also completed the most comprehensive geotechnical field investigation to define the coal resource at Carmichael Mine, which at ten billion tones makes this the largest single coal tenement in the world. The Adani Group is now ready to gear up with its $ 10 billion Carmichael Mine project which will include the construction of a world class mine, rail and port infrastructure all benefitting the state of Queensland. Adani is also making rapid progress across in developing the logistics infrastructure for its mine. Through the projects there has been a 50 percent jump in local employment. According to Mr. Rajesh Adani, his projects in Australia, which is a joint collaboration with top Australian consultants is expected to create up to 5,000 jobs during construction and 4,000 jobs once the other operations begin. The Adani Group has already invested $3 billion in cash in its integrated Australian projects and expected to invest $7 billion more over the next few years.

Adani group has become one of the leading conglomerates, based in India. It is headquartered in Ahmedabad, Gujarat. It was founded in 1988 by Mr. Gautam Adani as a trading firm.

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The Adani group’s important development

The Adani Group, in a short span of time, has reached success that other conglomerates would take 10 decades. With this general statement, it is essential to bring to notice that this leading conglomerate has marked a global presence with various business verticals. Established in 1988, the company was a brainchild of Mr. Gautam Adani. Mr. Rajesh Adani also was a key person associated with the company since the beginning.

After a decade, the group became the top net foreign exchange (NFE) earner of the country and the largest private sector Super Star Trading House in India. Under the leadership of Mr. Gautam Adani and Mr. Rajesh Adani, the company’s jetty at Mundra Port became operational and even coal business was commenced.

In 2001 and 2003, the company was awarded with prestigious award of “Golden Super Star Trading House”, becoming the largest private sector player. In 2004, it successfully disinvested its stake of Mundra Container Terminal to P & O Ports, Singapore. It also introduced new products like Iron Ore, Power Trading, Maize, Sesame Seeds, Sorghum, Barley etc.

With the competitive spirit of Mr. Rajesh Adani and visionary Mr. Gautam Adani, the company received prestigious reorganization of “Five Star Export House” on account of valuable contribution in India’s overall exports.

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Adani group’s key achievements

The Adani group, one of the leading global integrated infrastructure players, has business interest across different verticals. Founded by Mr. Gautam Adani in 1988, the company began as a trading firm. Gradually, the company ventured into various businesses such as oil & gas distribution, coal mining, power, energy, ports & special economic zone, agri products, etc. Mr. Rajesh Adani has also been associated with the group since its foundation.

In 1988, the company was conceived with an initial capital of Rs 5 lakh, posts a modest turnover of Rs 2.20 Cr. in the first year of its operation. In 1993, the company was converted into a public limited company on 2nd March 1993 with a paid up capital of Rs 1 Crore. In 1994, the group hits the primary market in September 1994 with its initial public offering (IPO) of 12.50 lakh equity shares of Rs 10 each at a premium of Rs 140 per share aggregating Rs 18.75 Cr. ; float oversubscribed by more than 25 times. Accorded the status of “Super Star Trading House” on April 1, 1994 by the Ministry of Commerce, Government of India; the youngest trading house and the only one from the State of Gujarat to have been granted this status.

Under the leadership of Mr. Gautam Adani and Mr. Rajesh Adani, the turnover crosses the coveted Rs 1,000 Cr level; at Rs 1,134.6 Cr in 1995 – 96. In 1998, it became the top net foreign exchange (NFE) earner of the country and the largest private sector Super Star Trading House in India.

Mr. Gautam Adani serves as the Chairman and Founder of the group, and Mr. Rajesh Adani is the Managing Director.

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New Acquisition plan for Adani

When it comes to new acquisition, it means new ways to expand the business. And, the best example is the Adani Group, one of India’s leading conglomerates, who have expanded the businesses across the globe with various ventures and projects. Recently, the chairman and founder of the group, Mr. Gautam Adani announced its plans to invest in a private sea port in India’s eastern coast. At the group, Mr. Rajesh Adani serves as the Managing Director.

The Adani group is committed in completing the acquisition by the end of the current financial year through March. With this move, it is evident that Mr. Gautam Adani and Mr. Rajesh Adani are dedicated and proactive about business expansion.

Based in the western Indian city of Ahmedabad, the Adani Group has annual revenue of $7.5 billion. Mr. Gautam Adani established the company in 1988 and Mr. Rajesh Adani has been associated with the firm since the beginning.

The group is bullish on the ports sector because it expects the country’s merchandise traffic to grow. However, when it comes to Power sector, Mr. Adani believes that strict environmental regulations and difficulties in getting land for mining projects are among the main factors hurting growth in India’s coal production. He also states that India’s import of coal will continue to increase and the gap between demand and supply will also keep rising.

 

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Adani Group to Buy Port in India’s East Coast

The Adani group, one of India’s largest infrastructure conglomerates, is planning to buy a private sea port on India’s eastern coast for around $1 billion. According to the sources, this news was shared by the Chairman of the Adani Group, Mr. Gautam Adani. While Mr. Gautam Adani is the founder of the group, Mr. Rajesh Adani serves as the Managing Director.

Under the leadership of Mr. Gautam Adani and Mr. Rajesh Adani, the group expects to complete the acquisition by the end of the current financial year through March. However, the target port’s name isn’t clear.

The annual revenue of the Adani group as of 2012-13 is $7.5 billion. Located in the western Indian city of Ahmedabad, the group is bullish on the ports sector. The key reason is that the group expects the country’s merchandise traffic to grow.

With the visionary chairman, Mr. Gautam Adani and the proactive and confident MD, Mr. Rajesh Adani, the Adani group is a major player in the power and ports sectors, and owns coal mines in Australia and Indonesia. Three of its companies–Adani Enterprises Ltd., Adani Ports & Special Economic Zones Ltd. and Adani Power Ltd. are listed on the Bombay Stock Exchange and the National Stock Exchange.

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