New Delhi, Dec 6 (IANS) Gautam Adani, Adani Group Chairman is now the 15th richest in the world after adding more than $ 12 billion in a massive rally in Adani Group stocks.

Adani was back in the list of top 20 richest people in the world in November following the rally in Adani Group stocks

As per the Bloomberg Billionaires Index, Adani is now the 15th richest person in the world, with a net worth of $82.5 billion. Adani’s wealth jumped by more than $ 12 billion following the rally in Adani Group stocks on Tuesday.

Adani Group market cap hit an 11-month high, reaching Rs 13.8 lakh crore in mcap in Tuesday's trade.

The Adani conglomerate clinched its best-ever single-day market performance adding Rs 1.92 lakh crore in one day gains.

Tuesday's strong gains also come on the heels of reports indicating that the US International Development Finance Corp (DFC) did not find the allegations of corporate fraud by short-seller Hindenburg Research relevant. Before extending a significant loan to the conglomerate for a port project in Sri Lanka, the DFC reportedly conducted a thorough examination of the claims against the Adani Group.

All 10 stocks in the Adani group clocked gains ranging from 7-20 per cent with Adani Green Energy and Adani Energy Solutions hitting gains of 20 per cent. The Group's flagship company Adani Enterprises Ltd (AEL) saw a staggering rise in its share price by 16.91 per cent, increasing its market valuation by a substantial Rs 48,809 crore. Adani Ports and Special Economic Zone (APSEZ) also performed solidly with a 15.3 per cent gain in share price, contributing Rs 29,043 crore to the market cap.

Other group stocks also gained with Adani Energy Solutions and Adani Green Energy Solutions clocking gains of 20 per cent each. Both stocks added over Rs 55,600 crore to the group’s market cap. Adani Power Ltd (APL) and Adani Total Gas Limited (ATGL) registered gains of 15.81 per cent and 19.88 per cent, respectively.

New Delhi, Nov 29 (IANS) Gautam Adani is back in the list of top 20 richest people in the world following a rally in Adani Group stocks.

As per the Bloomberg Billionaires Index, Adani is now the 19th richest person in the world with a net worth of $66.7 billion.

Adani’s wealth jumped by more than $6 billion following the rally in Adani Group stocks.

With the rally continuing into its second day, the majority of Adani Group companies were in green on Wednesday. This was due to the Supreme Court delaying its decision to investigate the conglomerate on the basis of stock manipulation and fraud claims made by a US based short-seller, said Vaibhav Vidwani, Research Analyst at Bonanza Portfolio.

Adani is the second richest Indian in the list behind 13th placed Mukesh Ambani, who has an estimated total net worth of $89.5 billion.

Elon Musk is the richest person as per the Bloomberg Billionaires Index with a net worth of $ 228 billion, followed by Jeff Bezos ($171 billion), Bernard Arnault ($167 billion), and Bill Gates ($134 billion).

New Delhi, July 18 (IANS) Within the next decade, India will start adding a trillion dollars to its GDP every 18 months, Gautam Adani, Adani Group Chairman, said.

Speaking at the AGM of his group companies, Adani added that this puts us on track to be a 25 to 30 trillion-dollar economy by 2050 and will drive India's stock market capitalisation to more than 40 trillion dollars -- nearly a 10X expansion from current levels.

"Our country is now the most exciting land of opportunities. We have always expressed our belief in our growth with goodness philosophy and our track record speaks for itself. Your group will continue to consolidate what it has built while looking at expanding its horizons," he added.

On the Adani Group, he said, "Our balance sheet, our assets and our operating cashflows continue to get stronger and are now healthier than ever before. The pace at which we have made acquisitions and turned them around is unmatched across the national landscape and has fuelled a significant part of our expansion."

The Adani Group of companies set new financial performance records for FY22-23. Total EBITDA grew by 36 per cent to Rs 57,219 crore, total income grew by 85 per cent to Rs 2,62,499 crore, and total PAT grew by 82 per cent to Rs 23,509 crore.

The Group's accelerating cashflow further improved our net debt to run rate EBIDTA ratio from 3.2x to 2.8x.

On the partnership front, the Adani Group continues to attract global investment partners aligned to our long-term approach of building and operating world-class assets. 

In March 2023, we successfully executed a secondary transaction with GQG partners of $1.87 billion despite the volatile market conditions, Adani said.

"Our flagship company, Adani Enterprises Limited, continued to successfully demonstrate its incubation capabilities with new businesses accounting for a massive 50 per cent of its EBITDA in FY23," he added.

The key projects include the Navi Mumbai Airport and the Copper Smelter. Both are on schedule. 

The Navi Mumbai Airport is preparing for operational readiness and airport transition by December 2024.

NDTV is expanding its international programming and coverage to serve a vast range of audiences across the globe.

Our data centre JV AdaniConneX is on course to set up 350 MW capacity in the short term -- and 1 GW capacity in the medium term. This is by far the largest order book in India, Adani said.

On Adani Green, he added that the Adani Group is set to play a critical role in India's net zero journey. Adani Green Energy Limited, commissioned the world's largest hybrid solar-wind project of 2.14 GW in Rajasthan.

The operational renewable energy portfolio has grown by 49 per cent to more than 8 GW. This is the largest operational renewable portfolio in India. 

Our focus remains on producing the lowest cost green electron at scale -- and I would like to reaffirm our target of 45 GW of renewable energy capacity by 2030, he said.

"We are now building the largest hybrid renewables park in the world -- right in the middle of the desert -- in Khavda. It will be the most complex and ambitious project that we have ever executed. Spread over 72,000 acre, this project will be capable of generating 20 GW of green energy. And we intend to build it faster than any project in our execution history," he added.

On Adani Ports, he said the ports business continued to be a pillar of strength on all fronts. 

APSEZ continues to be among the most profitable port operators globally with port EBITDA margin of 70 per cent -- and by 2030, we intend to be not only the most profitable port company in the world but also India's largest transport utility capable of handling a billion tonne of cargo annually, he added.

By then, APSEZ will be carbon neutral and will also have tripled its EBIDTA. In the next 12-24 months, APSEZ will commission India's largest transshipment hub in Vizhinjam, and also a port in a Colombo.

And our acquisition of Haifa Port in Israel will allow us to link our ports all the way across the Indian Ocean to the Mediterranean, thereby positioning us to capitalise on both the India growth story and the much larger regional growth story.

On Adani Power, he said the company successfully commissioned the 1.6 GW ultra-supercritical Godda power plant and are now supplying power to Bangladesh. This marks our entry into transnational power projects.

On Adani Transmission, Adani added that ATL will also take Mumbai to 60 per cent renewable power, making it the first mega city in the world to achieve more than 50 per cent power from solar and wind.

On Adani Total Gas, he said Adani Total Gas Limited expanded access to clean cooking fuel to 1,24,000 households this year with a 46 per cent increase in revenue to Rs 4,683 crore. 

ATGL is transforming into a full spectrum sustainable energy provider with rapidly expanding urban EV charging infrastructure and biofuel businesses.

New Delhi, April 4 (IANS) India, which has the third-most billionaires, with 169, had a more mixed year. Indian billionaires as a group - worth $675 billion - are $75 billion poorer than in 2022, as per the Forbes World's Billionaires List 2023.

As per the list, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd (RIL) is the richest India with a net worth of $63.4 billion. Ambani is the 9th richest in the world as per the list.

The Us still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion.

Nearly half of all billionaires are poorer than they were a year ago, as per the Forbes World's Billionaires List 2023.

Falling stocks, wounded unicorns, and rising interest rates translated into a down year for the world's wealthiest people.

Globally, the list counted 2,640 ten-figure fortunes, down from 2,668 last year. Altogether, the planet's billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022.

Nearly half the list is poorer than a year ago, including Elon Musk, who falls from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla shares.

Bernard Arnault, head of luxury goods giant LVMH, takes his place as the world's richest person, marking the first time a citizen of France leads the ranking.

Despite a down year in the markets, rising inflation and war in Eastern Europe, more than 1,000 billionaires are actually richer than they were on Forbes' 2022 list - some by tens of billions of dollars.

Luxury goods tycoon Arnault has had the best run. His net worth surged by $53 billion since last year, a bigger gain than anyone on the planet. Shares of his LVMH, which owns brands like Louis Vuitton, Christian Dior and Tiffany & Co, rose by 18 per cent on the back of strong demand. Now worth $211 billion, Arnault has taken the top spot on the World's Billionaires ranking. It's his first time at No 1 - and the first time a citizen of France has led the list.

Michael Bloomberg is ranked 7th on the list with a net worth of $ 84.5 billion.

In continuation of promoters’ commitment to repay the promoter leverage, Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion, well before committed timeline of 31 March 2023.

In addition to above, promoters have also prepaid USD 500 million facility taken for Ambuja acquisition financing. This is in line with promoters’ commitment to increase equity contribution and promoters have now infused USD 2.6 billion out of total acquisition value of USD 6.6 billion for Ambuja and ACC.

The entire prepayment program of USD 2.65 billion has been completed within 6 weeks, which testifies the strong liquidity management and access to capital at sponsor level, supplementing the solid capital prudency adopted at all portfolio companies.

Surat: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, crossed 300 MMT of cargo handling on February 23, 2023, in just 329 days, beating its own milestone from last year of 354 days.

APSEZ has registered unprecedented growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly.

"The improvement in cargo volumes is testimony to the faith that our customers have in us," APSEZ CEO and Whole Time Director Karan Adani said.

"It shows our commitment to using improved efficiencies and technological integrations to drive and achieve customer satisfaction. The APSEZ's flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled. Mundra's infrastructure meets world standards and provides service levels on par with those of its global competitors, making it India's gateway for container goods."

Increase in cargo volume handled at ports is a signthat the nation's economy is picking up. Almost 95 per cent of the trade volumes in India are carried through maritime transport. So, having world-class mega ports is imperative for the Indian coastline. Through concession agreements with various government authorities, APSEZ has strategically built a string of ports (pearls) across the coastline of India, along with ICDs (inland container depots) and warehouses, woven intricately with self-owned rakes, covering more than 70 per cent of the hinterland.

APSEZ has seen 4 per cent growth y-o-y at its container terminals because of its efficient infrastructure,which not only helps the country increase its trade share in global trade but also makes it easier for consumers gain access to a wide range of international products at reduced costs. Also, the lower logistics costs associated with maritime allow Indian businesses to export goods around the world,boosting domestic economy and raising the employment rate of Indians in the process.

The engagement with container lines and the resolve to deliver on commitments has led to more new services at APSEZ terminals, raising volumes.

Mundra Port shipped 1,501 fertiliser rakes in the current fiscal year with the total cargo dispatch of 4.8 MMT - the highest ever in the port's history.

This was made possible because of the port's mechanised infrastructure and operational planning. This means vessels do not have to wait longer at the port as fertilisers are removed quickly from them, followed by quicker bagging and loading onto rakes with minimum wastage. The ability to turn around rakes and vessels quickly allows for the delivery of fertilisers to farmers round the year.

This year also saw growth in agri exports due to India's record high foodgrain production and the Russia-Ukraine conflict that opened up opportunities for farm exports.

MundraPort registered a record RO-RO exports - an increase of 18 per cent largely due to long-time customer, Maruti Suzuki India Ltd. Hazira has been continuously witnessing sustained growth in chemical volumes y-o-y due to its proximity to the chemical hub of India. It has seen a 16 per cent growth this year.

APSEZ's market leadership in container business has been strengthened because of its strategic partnerships with the world's largest shipping lines like MSC and CMA- CGM.

Mundra Port alone has handled 3,508 commercial vessels, hosting the country's largest container vessel APL Raffles and the deepest draft container vessel MSC Washington.

Shipping larger quantities in a single shipment is very cost-effective. APSEZ's foresight to maintain deep draft ports (cape-enabled) enables its customers bring larger vessel parcels, thereby lowering their overall logistics cost. Krishnapatnam Port has handled capesize vessel like MV NS HAIRUN that carried 165,100 MT of iron ore and departed the port waters with a departure draft of 17.75 m.

At a time when the country's electricity demand is at an all-time high, APSEZ has risen to the occasion and handled the sudden surge of imported coal volumes flowing to India. In line with the government's vision of RSR (Rail-Sea-Rail) movement of domestic coal, APSEZ has begun offering coastal coal export solutions to TANGEDCO through its Gangavaram Port. Similarly, it has been supporting the coastal coal movement to NTPC Khudgi by commencement of coastal coal handling at its Mormugao Terminal.

Besides expanding its business operations, APSEZ has also met its sustainability commitments. Energy and emission intensity has been reduced by around 41 per cent and water intensity by 56 per cent from 2016 levels. Electrification of Rubber Tyred Gantry Cranes (RTGs) and Quay Cranes has been completed, and that of Mobile Harbour Cranes is in progress, with 2023 as the target completion year. Diesel-based Internal Transfer Vehicles (ITVs) are being replaced by electric ITVs at Ennore, Kattupalli, Hazira and Mundra. The renewable share of electricity in 9M FY23 has been around 13 per cent.

With its plan to install 250 MW of renewable capacity on a captive basis, APSEZ is moving closer to its goal of becoming carbon-neutral by 2025.