Adani Enterprises Ltd. history, profile and corporate video
Adani Enterprises Ltd. engages in the businesses of coal trading, coal mining, oil & gas exploration, ports, multimodal logistics, power generation & transmission, gas distribution and edible oil & agro commodities. It operates through six segments: Trading, Power, Port, Agro, Real Estate and Others. The company was founded by Gautam Shantilal Adani in 1988 and is headquartered in Ahmedabad, India.“
“Adani Enterprises History
The Adani Group commenced as a commodity trading firm in 1988, grew quickly and diversified into the import and export of multi-basket commodities.In the 1990s, it developed its own port in Mundra to provide a base for its trading operations. In 1995, Adani started construction at Mundra. In 1998, it became the top net foreign exchange earner for India. Soon in 1999, the company commenced coal trading, followed by a joint venture in edible oil refining in 2000 by forming Adani Willmar.
The group’s second phase started with the creation of large infrastructure assets. The company established a portfolio of ports, powerplants, mines, ships and railway lines within and outside India. At the same time, the firm also earned a reputation for scale, efficiency and quality. In 2002, Adani handled 4 million MT of cargo at Mundra, becoming the largest private port in India. Later in 2006, the company became the largest coal importer in India with 11 million MT of coal handling.
The company expanded its business in 2008 as they bought Bunyu Mine in Indonesia having 180 million MT of coal reserves. In the subsequent year, the firm started 330 MW thermal power generation, followed by 2.2 million MT per annum edible oil refining capacity in India.
In 2011, Port of Dahej became operational and now has a capacity of 20 million MT capacity. The company also bought Galilee Basin mine in Australia with 10.4 billion MT of coal reserves. It also commissioned 60 million MT of handling capacity coal import terminal in Mundra, making it the world’s largest.
Further in the same year, the Adani group also bought Abbot Point port in Australia with 50 million MT of handling capacity. It also commissioned India’s largest solar power plant of 40 MW. As the firm achieved 3960 MW capacity, it became the largest private sector thermal power producer in India.
In 2012, the Adani Group took the next phase of growth. It has embarked on the third phase of development – an integration infrastructure business. It revamped its logo and developed a new identity. The company focuses on three important business clusters that include resources, logistics and energy.
In 2014, Adani Power emerges as India’s largest private power producer. Adani Power’s total installed capacity now stands at 8,620 MW .
Mundra Port, the flagship port of Adani Ports and SEZ Ltd. (APSEZL), has achieved a new landmark of handling 100 million metric tonnes in FY 13-14. Mundra is the only commercial port in India to have achieved such a unique feat. APSEZL, India’s largest port developer and operator is part of the Adani Group.
On May 16, 2014, Adani Ports acquired Dhamra Port on East coast of India for Rs 5,500 crore. Dhamra Port is a 50:50 joint venture between Tata Steel and L&T Infrastructure Development Projects which is now accquired by Adani Ports. The port commenced operations in May 2011 and handled a total cargo of 14.3 million tonnes (mt) in 2013-14.The acquisition of Dhamra port will help the company ramp up its capacity to over 200 million tonne by 2020, making it a leader among private sector port operators in the country.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “Adani Group“