Latest news with #AdGroup
Time of India
11-07-2025
- Business
- Time of India
Adani Group to build Healthcare Temples, initiated from Ahmedabad and Mumbai, says Gautam Adani
Mumbai: Gautam Adani , Chairman of the AdGroup, on Friday announced that the conglomerate will build Artificial Intelligence-first Healthcare Temples initiated from Ahmedabad and Mumbai. Speaking at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery - Asia Pacific (SMISS-AP) in Mumbai today, Adani said, "We will be delivering on this promise through the Adani Healthcare Temples --1,000-bed integrated campuses that we will initiate from Ahmedabad and Mumbai." These healthcare infrastructures are designed to be world-class, affordable, AI-first healthcare ecosystems -- and we are proud to have the Mayo Clinic guiding us on the design, implementation, and global standards in medical infrastructure and research, Adani said. Chairman of the Adani Group further stated the group is preparing for a capital expenditure investment of nearly 100 billion US dollars over the next five years, adding that the these investments are the manifestation of the future of India. Adani Group Chairman said that the scale and pace of this investment and its commitment are unprecedented in India's private sector history. In a stirring address tracing his entrepreneurial journey, Gautam Adani, Chairman of the Adani Group, reflected on the formative experiences and bold decisions that helped build one of India's largest infrastructure conglomerates. Adani began by recounting his early days in Mumbai, where his first commission deal earned Rs 10,000 from a Japanese buyer, which was less about the money and more about the realisation that beliefs must always outpace doubts. Highlighting the essence of entrepreneurship, Adani stated, "It never begins with a grand vision; It begins with a spark of conviction; It begins with the courage to act, even when the future is uncertain, and it begins with the willingness to dream alone." He recalled being called back to Ahmedabad in 1981 to run his brother's PVC film factory at the age of 19. This experience, he said, gave him invaluable lessons in resilience, people management, and navigating the challenges of the Licence Raj. "It taught me the resilience needed to manage daily operational challenges. I got exposed to the complexities of managing people, especially factory workers. And I learnt the challenges of the Licensed Raj, where just a few companies control the landscape and did not want any change," Adani added. Adani also mentioned the Group's success of the Mundra project in Gujarat. "It all started in Mundra with the objective to build a salt export jetty along with a US partner. To make a long story short, the partner backed out, and we were left to build the jetty by ourselves. Around this time in 1995-96, Gujarat pioneered a Public-Private Partnership policy for port development, aiming to tap private sector capabilities. We dived right in. Keep in mind, we had never laid a brick before. Almost everyone called it madness. A port in a marshland to be built by a team with no construction experience!" he added. Adani emphasised that Mundra was more than just a port. "Mundra is the manifestation of a belief made real," he stated. Mundra is home to India's largest multi-cargo port, the world's largest private single-site thermal power plant, a massive integrated solar and wind manufacturing hub, and clusters of industries including petrochemicals and copper smelting. He noted that the journey that started in Mundra has now extended across India, making Adani Group the world's second-largest solar power company and builder of the world's largest single-site hybrid renewable park of 30 GW over 500 sq km. The company is now India's largest private airport operator, handling over 25 per cent of passenger traffic and 38 per cent of air cargo. With India's largest ports and logistics network, Adani said the Group now handles 30 per cent of the country's seaborne cargo and operates an integrated energy business -- spanning thermal and renewable generation, LNG, LPG, battery storage, EV charging, hydrogen, mining, and more. He also highlighted the Group's growing presence in cement manufacturing, aerospace and defence, data centres, and real estate. (ANI)
Time of India
09-06-2025
- Business
- Time of India
World's largest container ship MSC IRINA arrives at Vizhinjam International Seaport
The world's largest container ship, MSC IRINA, has arrived at Vizhinjam International Seaport in Kerala, marking a significant milestone for the newly inaugurated port. With a capacity of 24,346 TEUs, the vessel is designed to enhance trade routes between Asia and Europe. MSC IRINA also features energy-saving technologies to reduce carbon emissions, setting a new standard for sustainable maritime practices. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The world's largest container ship MSC IRINA , on Monday arrived at the Vizhinjam International Seaport in Thiruvananthapuram , Kerala. The berthing process for the vessel has begun at the IRINA is recognised as the world's largest container vessel by TEU (Twenty-foot Equivalent Unit) capacity. Vizhinjam International Seaport, which is managed by the AdGroup, was recently inaugurated by Prime Minister Narendra Modi on May 2. The arrival of MSC IRINA marks a significant milestone for the newly opened MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping . With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times longer than a standard FIFA-designated football designed to facilitate the transportation of large volumes of containers between Asia and Europe, the MSC IRINA is pivotal in enhancing trade routes and logistics vessel will be visiting a South Asian port, highlighting Vizhinjam's capabilities in handling Ultra-Large Container Vessels (ULCVs).The port has recently welcomed other Icon-class vessels, including MSC Turkiye and MSC Michel Cappellini, further establishing its reputation as a key hub in maritime MSC IRINA was launched in March 2023 and embarked on its maiden voyage in April of the same sails under the Liberian flag and is engineered to stack containers up to 26 tiers high, offering unparalleled capacity in container the MSC IRINA surpasses its predecessor, OOCL Spain, by a margin of 150 TEUs. In alignment with contemporary environmental standards, the vessel is equipped with energy-saving features that contribute to reducing carbon emissions by up to 4 per cent, significantly lowering its carbon footprint while maintaining operational docking of the MSC IRINA at Vizhinjam International Seaport not only highlights the port's strategic importance in global shipping but also represents a leap forward in sustainable maritime practices, setting a benchmark for future developments in the industry.
Time of India
22-05-2025
- Business
- Time of India
Adani Group posts stellar 2024-25 performance; EBITDA hits all-time high
Ahmedabad: AdGroup has posted a stellar performance in the recently concluded financial year 2024-25 with its EBITDA hitting an all-time high of ₹90,000 crore. It also made a record capital expenditure of ₹126,000 crore in 2024-25. Its Profit After Tax (PAT) rose to an all-time high of ₹40,565 crore in 2024-25. The conglomerate as a whole witnessed a Return on Asset of 16.5 per cent, which it claimed to be one of the highest globally in the infrastructure space. "Prudent capital allocation has led to steady Return on Asset (ROA) at 16 per cent, showcasing no compromise on ROA to achieve high growth," it said in a statement. On Thursday, Adani Portfolio released 2024-25 results and credit compendium covering all its listed entities, summarising the key developments across the portfolio companies. "A key highlight of FY25 is the continued industry-beating Return on Assets of 16.5 per cent, which is amongst the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors," said Jugeshinder 'Robbie' Singh, GCFO, Adani Group. "Additionally, we have undertaken various initiatives related to governance and ESG, viz. Tax Transparency report released by all portfolio companies, in addition to all the other initiatives introduced over the past years, resulting in industry-best ESG scores and performance by international ESG rating agencies," he added. Here are some of the company-wise key highlights for 2024-25: Adani Enterprises: ANIL Solar Module sale increased 59 per cent year-on-year to 4263 MW. Expansion of the TopCon module and cell line for an additional capacity of 6 GW has started. Pax movements across Adani Airports rose by 7 per cent year-on-year to 94.4 million and cargo movements was up by 8 per cent year-on-year to 1.09 million tonne. Highest ever 2,410.1 Lane-KMs were constructed in the road business. 7 out of 8 under-construction projects are now 70 per cent complete. 500 KTPA (Kilo Tonnes per Annum) Copper smelter at Mundra is now operational and will be fully ramped up in the coming months. Adani Green Energy: Operational capacity increased by 30 per cent to 14,243 MW with the addition of 2,710 MW solar and 599 MW wind power plants. Adani Energy Solutions: Transmission order book increased 3.5x to ₹59,936 crore from ₹17,000 crore a year ago. Won seven new transmission projects during 2024-25, including Rajasthan Phase III Part-I (Bhadla - Fatehpur HVDC transmission line). This is the AESL's largest order win to date. Adani Power: Power generation at 102 billion units was 20 per cent higher year-on-year. Operational capacity has now increased to 17.5 GW, taking Adani's total utility portfolio to over 30 GW. Ambuja Ltd ACL has now crossed 100 MTPA capacity--an increase of 21 MTPA since 2023-24 end.
Time of India
03-05-2025
- Business
- Time of India
Aim is to make Vizhinjam port most efficient in logistics cost terms: Karan Adani
Vizhinjam: Karan Adani , the Managing Director of AdGroup's ports business, on Friday said they aim to make the just-launched Vizhinjam International Deepwater Multipurpose Seaport the most efficient port and help traders reduce their logistics costs . #Pahalgam Terrorist Attack India strikes hard! New Delhi bans all imports from Pakistan How Pakistan is preparing for the worst as India weighs response If India attacks Pakistan, China & B'desh should seize 7 NE states, says Yunus' aide The Prime Minister dedicated to the nation on Friday the Vizhinjam International Deepwater Multipurpose Seaport, the country's first dedicated container transshipment port . Talking to ANI, Karan Adani, MD, Adani Ports and SEZ, said they expect Phase 2 of the seaport in Kerala to be completed by 2028. The work for Phase 1 of the seaport is now complete. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Its natural deep draft of nearly 20 meters and location near one of the world's busiest sea trade routes further strengthen India's position in global trade. The seaport's current capacity is 1.2 million twenty-foot equivalent units (TEUs), and the aim is to increase it to 5 million TEUs by 2028. Live Events "We have to make this (seaport) one of the most efficient ports, not just in the country, but globally, and help the Indian importers and exporters reduce their logistics costs," Karan Adani said. Karan Adani said that Adani Ports' business targets at least a 25-30 per cent reduction in logistics costs. On the launch of operations at their ambitious seaport, which has faced several challenges, "We are proud that we built a full-class asset that will help the country and that the country can be proud of. Most importantly, it was one of the most challenging projects for the group. And it's good to see it coming to life and coming into operation." The execution of the Vizhinjam Port project was fraught with challenges - natural calamities, material shortages, agitations resulting from apprehension related to coastal erosion and livelihood loss, and the Covid pandemic that caused further delays. "We faced two cyclones, we faced strikes, we had seven million tons of rocks to bring in, which was a big challenge. But I must appreciate that the team has been extremely dedicated and strong in their commitment, and most importantly, I must thank the government of Kerala and the people of Trivandrum for supporting the project even during the toughest times," Karan Adani said. Amidst trade uncertainty emanating from US trade policy, he asserted that India is in a sweet spot. "So I think globally, though there is uncertainty, there is still growth. And we do believe that the South Asia region is going to grow. And if the country (India) needs to grow, trade has to grow almost twice the country's growth. And we are very bullish that the marine infrastructure, the ports, will be the key enabler in driving that growth," Karan Adani said. On the ambitious India-Middle East Corridor project, Karan Adani said their ports on the Indian western coast and in Israel's Haifa can play a key role. "I think it is a critical project for the country because it gives an alternate route outside the Suez Canal. That doesn't mean that the Suez Canal will shut down, but it just gives you an alternate route available to hedge your bets and avoid any disruption, as we saw when the ships grounded in the Suez Canal and affected the whole supply chain. As a country, if we have to be self-reliant in manufacturing and supply chain, IMEC plays a very important role. And that is where, on the Indian side, our ports on the western coast and the exit at Haifa, where we would like to connect and see how we can help the end consumers and the Indian exporters and importers improve their cost," he weighed. When asked about expansion plans for Adani Ports' business, without getting into specifics, he said that they always actively look for ports outside of India, predominantly in Southeast Asia. "This is our region. And we want to play in the Bay of Bengal and the Arabian Sea network. That is what we are looking at," he added.
