Smart investor

Gautam Adani, Chairman, Adani Group, has time and again proved his knack for identifying opportunities and doggedly pursuing them to their logical end. When the SEZ opportunity arose, he floated a new company and merged it with Gujarat Adani Ports to create Mundra Port and Special Economic Zone Ltd (MPSEZ), India’s largest private port and special economic zone. His recent acquisition of the Linc Energy’s Galilee coal tenement for Rs 12,604 crore will help him fuel his power plans, by enabling him to source coal at $45 a tonne against an average international price last year of $76. It will expand the group’s power business from 13,000 MW to 20,000 MW by 2020.