Factbox: Airports to cooking oil: the many businesses of India's Gautam Adani

Adani Total Gas

28/11/2024 11:36

(Repeats story first published on 28 November with no changes
for clients and a digital headline)
       Nov 28 (Reuters) - Indian billionaire Gautam Adani
oversees a sprawling conglomerate with activities spanning
construction of airports to supply of electricity and the sale
of cooking oil.
    U.S. authorities have accused Adani, his nephew and
executive director Sagar Adani and managing director of Adani
Green, Vneet S. Jaain, of being part of a scheme to pay bribes
of $265 million to secure Indian power supply contracts, and
misleading U.S. investors during fund raises there.
    The group has called the allegations baseless.
    Here are key details of the Adani Group's businesses:
        
    ** Energy: It mines thermal coal and produces power through
its utilities firm Adani Power  ADAN.NS , which is transmitted
via Adani Energy Solutions  ADAI.NS .
    The renewable energy arm of the ports-to-power conglomerate
is Adani Green Energy  ADNA.NS , which is at the center of the
U.S. indictment. It focuses on solar, wind and hybrid power
generation and has a presence in a dozen Indian states.
    Adani Total Gas  ADAG.NS , which distributes piped natural
gas, is run in a partnership with TotalEnergies  TTEF.PA .
     
    ** Airports: Since entering the space in 2019, the group
runs airports in cities from Mumbai, the commercial capital, to
the tourist city of Jaipur and southern Thiruvananthapuram,
through its flagship firm, Adani Enterprises  ADEL.NS .
    The flagship also has a presence in roadways, real estate
and infrastructure.
     
    ** Edible oils and food: The group's joint venture with
Singapore's Wilmar International  WLIL.SI  makes edible oils and
packaged food items such as fragrant basmati rice, wheat flour
and sugar under the Adani Wilmar  ADAW.NS  banner.
     
    ** Port operations: Adani Ports  APSE.NS , India's top
private operator by volume, manages 13 domestic ports, including
the country's busiest private port, Mundra in the western state
of Gujarat.
    Outside India, Adani Ports owns a stake of 70% in Israel's
port of Haifa and 51% in Sri Lanka's Colombo port.
     
    ** Cement: The group entered the industry in 2022, inking
its biggest-ever deal in the space by acquiring Holcim AG's
 HOLN.S  stake in Ambuja Cements  ABUJ.NS  and ACC  ACC.NS . It
has been on an acquisition spree since in its bid to topple
India's top cement maker, UltraTech Cement  ULTC.NS .
     
    ** Media: Adani entered India's media industry by acquiring
a majority stake in Quintillion Business Media, a financial news
digital media platform, in 2022. Afterwards, it strengthened its
hold in the space by striking deals with news broadcaster NDTV
 NDTV.NS  in 2022 and news agency IANS in 2023.
    It also builds and runs data centres nationwide.
      
    ** Defence and aerospace: One of the few private players in
a state-dominated weapons sector, the group supplies
domestically made weapons to Indian forces. In 2018, it signed a
supply deal with Israel's Elbit Systems.

(Reporting by Kashish Tandon and Hritam Mukherjee in Bengaluru;
Editing by Clarence Fernandez)
((mailto:Kashish.Tandon@thomsonreuters.com; 8800437922;))