Adani Group chairman claims company heading towards greater achievements

The Adani Group Chairman, Gautam Adani, addressing his 6.7 million global shareholders, said on June 24 that the company is on track for even greater achievements and that "the best is yet to come" because of record-breaking results, strong cash positions, and the lowest debt ratios in its history.

The largest infrastructure conglomerate in India, the Adani Group, started its annual week of back-to-back annual general meetings (AGMs) for all its listed group firms.

Crediting the group's success to its guiding principles of bravery, dedication, and trust, Adani said, "We have become one of the most admired companies in the nation because of our endurance. And we never demonstrated our tenacity more clearly than we did this past year. We demonstrated our resilience in the face of unprecedented attacks on our integrity."

He stated, "The world is witnessing the rise of India," while highlighting India's expanding influence globally and its critical role in addressing climate change.”

"India's time has come. In a complex world, we are now the force for progress, stability, and collaboration. And what gives us confidence is India's ambitious growth ambitions and macroeconomic stability," he added.

As India aims to become a $10 trillion economy by FY32, it is anticipated that infrastructure spending will increase at a compound annual growth rate (CAGR) of 20–25%, reaching a total expenditure of $2.5 trillion.

"Given that, at the very core, we are an infrastructure company, we are well positioned to capitalize on the upcoming opportunities," stated the chairman of the Adani Group.

While discussing the group's numerous ultra-scale projects, such as the world's largest renewable park in Khavda, Gujarat, and a real estate project in Dharavi, Mumbai, Gautam Adani remarked, "We continue to improve our unmatched competency of conceptualizing, managing, and executing large-scale projects under challenging conditions."

"And the outcomes are manifested in the financial numbers we delivered," he stated.

The Adani Group, with its broad portfolio encompassing power, ports, roads, airports, data centers, defense, manufacturing, logistics, and material, continues to be the largest infrastructure developer outside of the government.

With a 45% yearly growth, the group achieved a $10 billion EBITDA (earnings before interest, taxes, and depreciation) milestone in FY24, setting a record performance. It had a 70% increase in net earnings. The group has more than $7 billion in cash on hand, and its group-level debt is only 2.2 times—much less than the 3.5–4.5 times industry norm for the infrastructure sector.

While addressing the AGM, Gautam Adani emphasized three key points: the group's resilience in overcoming external challenges, India's ascent on the global stage, and the future opportunities for the conglomerate and its extensive shareholder base of 6.7 million shareholders across 11 listed companies.