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Adani Group’s structure: Multi-decade story of high growth centered around infra and utility core

Adani Enterprises emphasised the Gautam Adani-backed group’s multi-decade tale of rapid growth based on infrastructure and utilities at its core while reporting its third-quarter results on Tuesday.

This diagram depicts how Adani Group’s structure is distributed throughout a diversified business portfolio.

As of December 31, 2022, the group owned 72.6% of Adani Enterprises, the main firm.

Furthermore, the main corporation has a majority stake in industries ranging from energy to FMCG.

Adani Enterprises owns 100% of Adani New Industries, Adani Airport Holdings, and Adani Roads Transport as of the end of the third quarter of FY23. In addition, the corporation owns 50% of AdaniConneX, a joint venture with EdgeConnex. These companies are classified as energy & utilities and transportation & logistics.

Adani Enterprises also owns 100% of PVC, copper, and aluminium, as well as Mining Services and Commercial Mining. It also owns 100% of Adani Digital Limited. Adani Enterprises also owns 44% of Adani Wilmar, a food and FMCG company. These companies are classified as materials, metal & mining, and direct-to-customer enterprises.

Furthermore, in the energy and utilities sector, the group owns 60.8% of Adani Green Energy, 74.2% of Adani Transmission, and 75% of Adani Power. The group owns 37.4% of Adani Total Gas, a joint venture with Total Energies.

In the transportation and logistics sector, the group owns 65.1% of Adani Ports and 100% of North Queensland Export Terminal (NQXT).

In the cement sector, the group controls 63.15% of Ambuja Cement, which owns 50.05% of ACC Limited. Adani personally owns 6.64% of ACC.

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