Adani Portfolio Achieves Record Growth

04 Jun 2024 CW Team

Adani Portfolio has reported a substantial 45% year-on-year increase in EBITDA for FY24, reaching over INR 82,000 crore. This growth is driven by strong performances across its diversified sectors, including renewable energy, infrastructure, and transport.

Key Highlights:

Adani Power: Contributed the most to EBITDA with INR 28,111 crore, up 96% year-on-year. Adani Green Energy: Achieved a 76% growth in EBITDA, crossing INR 8,325 crore. Cement Business: Notable performance with EBITDA more than doubling year-on-year. Sectors Driving Growth:

Energy & Utilities: Adani Green Energy's operational renewable capacity increased to 9,029 MW. The Khavda renewable energy park is a significant milestone, expected to be the world's largest RE park. Transport: Adani Ports & SEZ saw domestic cargo volumes surpassing 200 MMT, leading to robust growth. Infrastructure: Adani Enterprises' green hydrogen and data centre initiatives show strong progress. Strategic Initiatives: Adani Portfolio maintains high liquidity with a cash balance of INR 44,572 crore. The portfolio's conservative leveraging, with a net debt to EBITDA ratio of 2.5x, supports sustainable growth and investment.

Future Prospects: With upgraded ratings from agencies like S&P Global and Moody?s, Adani Portfolio is well-positioned for continued market access and substantial investments. Its commitment to sustainability and nation-building principles underscores its growth strategy.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..