Gautam Adani is now Asia’s richest person
Gautam Adani becomes Asia’s richest man after betting Mukesh Ambani. Gautam Adani is an Indian industrialist, chairman, and founder of the Adani Group, whose main businesses are management of ports, generation of electric power and transmission, coal mining, airport operations, processing of foods, and infrastructures.
The current net worth of Adani is 90.4 million dollars, whereas Ambani’s net worth is 89.8 billion dollars. With an almost $12 billion jump in his personal wealthiest, Gautam Adani is the world’s most significant wealth- gainer this year.
Three primary businesses of Adani:
1. The coal and electricity
In Australia, Adani’s has a company named Adani Mining Pty Ltd. It is an Australian mining company that operates out of regional Queensland and is a multi-dimensional energy and infrastructure company whose primary focus is to deliver power to the world.
According to the data, it shows that Adani’s generate approx. Ten million tons of coal in a year from the mines in the Galilee Basin and planning to rise it more in upcoming years. Our Seven power projects are spread across Gujarat, Maharashtra, Rajasthan, Karnataka, and Chhattisgarh.
Adani full fill a vast need of electricity in India according to the data of 2019-20 in the country was 1,598 TWh, and the gross electricity consumption in FY2019 was 1,208 kWh per capita, In 2020-21 Electricity consumption per capita reached 940 kWh, in 2021 it will rise by 4.5 % where Adani is the largest private thermal power producer in India with an installed capacity of 12,450 MW.
According to the stats, he made a revenue of ₹28,149.68 crores (US$3.7 billion) in the year 2021. In contrast, some roamers said that the reason Gautam Adani became Asia’s richest man was inventing his money in solar energy drive.
They work on a project named Carmichael Project. It is a thermal coal mine. The rail project will transport coal from the Galilee Basin to countries in Asia, including India, delivering thousands of jobs for Queenslanders.
2. The transportation and logistics
Adani group is the largest commercial port operator, and they are contributing to the country’s growing trade of export and imports. They have spread their ports across 13 domestics in eight maritime states: Gujarat, Maharashtra, Goa, Kerala, and four other states of India.
Their port facilities are equipped with the latest cargo-handling infrastructure, which is best-in-class and capable of handling the largest vessels calling at Indian shores.
In contrast, Adani groups are the most diversified end-to-end logistics service provider in the country with a presence across all major markets and expertise in handling different kinds of customers in segments such as Retail, Industrial, Containerized, Bulk, Break-bulk, Liquids, Auto, and Grain Handling.
If we talk about the revenue generation of Adani’s by this, in 2021 was around 125 billion in Indian rupees.
3. The Airports
Adani comes with Adani Enterprises Ltd (AEL) in the airport sector. In 2019, Adani Airports won the mandate to modernize and operate six airports Ahmedabad, Lucknow, Mangalore, Jaipur, Guwahati, and Thiruvananthapuram – through the Airports Authority of India’s globally competitive tendering process.
In Feb 2020, the company signed the Concession Agreement (CA) for three airports. Subsequently, it commenced operations in Mangalore International Airport (Mangalore) on 31st October 2020, Chaudhary Charan Singh International Airport (Lucknow) on 2nd November 2020, and Sardar Vallabhbhai Patel International Airport (Ahmedabad) on 7th November 2020.
Adani Airports will operate, manage and develop all six airports for 50 years. Due to some losses in 2020-21, he faced the loss of ₹1,962 crore, where the Authority of India (AAI) got 26% of his business.
Edited By : Toshi Kumar
Published By : K. Bindhiya Prarthana
