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Investment of Re 1 in Adani Enterprises in 1994 generated 800-times return: Adani

YB WEB DESK. Dated: 9/29/2020 11:24:49 AM

New Delhi, Sep 28 Businessman Gautam Adani said a rupee invested in Adani Enterprises 25 years back has yielded over 800- times return. While introducing six publicly-traded companies to the market, the conglomerate has also led to the creation of thousands of jobs and unprecedented shareholder value, the chairman of Adani Group said during his address at the JP Morgan India Summit- Future in Focus. "A one-rupee investment in Adani Enterprises of our first IPO in 1994 has returned over 800x," Gautam Adani said adding, "We build infrastructure enabling the flow of goods and materials, the flow of electrons, the flow of people, and the flow of data." He went on to add that the infrastructure business has manifested itself as a platform that allows the conglomerate to bridge the "B2B to B2C gap in unique ways". Over the past two decades, the Adani Group has emerged as a market leader with interests in ports, logistics, gas distribution, and thermal power among other businesses. Poised to become India's largest private airport developer, the group is stepping into new sectors aligned to India's needs, Gautam Adani added. A college dropout, Gautam Adani (58) ventured into commodity trading and now helms India's largest infrastructure business. The Adani Group has maintained a 10-year CAGR (Compound Annual Growth Rate) of 35 per cent. As of September 28, Adani Enterprises' share is priced at Rs 300. Other ventures of the group include Adani Ports and SEZ Limited.