Mega-Thread on one of India's largest multinational conglomerates: The Adani Group

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1)The Adani Group commenced as a commodity trading firm in 1988 and diversified into the import and export of commodities.

2)With a capital of ₹5 lakhs, the company was established as a partnership firm with the flagship company, Adani Enterprises, previously Adani Exports.
3)The Group's diverse businesses include port management, electric power generation, and transmission, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure.
4)At an age of 18, Gautam Adani moved to Mumbai and worked as a diamond sorter at Mahindra Brothers, and in less than 2 years he went on to set up his own diamond brokerage business where he ended up making his first million.
5)As part of its trading operations, the Adani Group built a port in Mundra in 1990.
The construction of the Mundra began in 1995.

6) During 1998, it earned the most foreign exchange for India Inc.
7)With the formation of Adani Wilmar in 2000, the company began coal trading as well as edible oil refining.

8)The second phase started with the creation of large infrastructure assets. They established a portfolio of ports, power plants, mines, ships, and railway lines.
9)Adani handled 4 Mt of cargo at Mundra in 2002, becoming the largest private port in India. Later in 2006, the company became the largest coal importer in India with 11 Mt of coal handling.
10)The company expanded its business in 2008 by purchasing Bunyu Mine in Indonesia which has 180 Mt of coal reserves.

11)In 2009 the firm began generating 330 MW of thermal power. It also built an edible oil refining capacity in India of 2.2 Mt per annum.
12)Adani Enterprises became the largest trading house in India importing coal with a market share of 60%. It also supplies coal to NTPC, India.

13)The Adani group became India's largest private coal mining company after Adani Enterprises won the Orissa mine rights in 2010.
14)In 2012 The company shifted its focus on three businesses – resources, logistics, and energy.

15)Dhamra Port was a 50:50 joint venture between Tata Steel and L&T Infrastructure, which has now been acquired by Adani Ports. The port began operations in May 2011.
16)Adani Ports acquired Dhamra Port on the East coast of India for ₹5,500 crores in 2019.

17)With the acquisition of Dhamra Port, the Group is planning to increase its capacity to over 200 Mt by 2020.
18)In 2015, Adani was ranked India's most trusted infrastructure brand by The Brand Trust Report.

19)In 2015 Adani Renewable Energy Park signed a pact with the Rajasthan Government for a 50:50 joint venture to set up India's largest solar park with a capacity of 10,000 MW.
20)Adani Aero Defence signed a pact with Elbit-ISTAR and Alpha Design Technologies to work in the field of Unmanned Aircraft Systems (UAS) in India in 2016.
21)On 22 December 2017, the Adani Group acquired the power arm of Reliance Infrastructure for ₹18,800 crores (equivalent to ₹210 billion or US$3.0 billion in 2019).
22)In September 2019, Adani Green Energy, the renewable wing of the Adani Group, began operations in Kamuthi in Ramanathapuram, Tamil Nadu with a capacity of 648 MW at an estimated cost of ₹4,550 crores.
23) In the same month, the Adani Group inaugurated a 648 MW single-location solar power plant. It was the world's largest solar power plant at the time it was set up.
24)In December 2019, the Adani Group inaugurated a 100 MW solar power plant in Bhatinda, the largest in Punjab. The plant was built at a cost of ₹640 crores (equivalent to ₹740 crores or US$100 million)
25)In October 2019, French oil and gas company Total SA bought a 37.4% stake in Adani Gas for ₹6,155 crores (US$860 million) and obtained joint control of the company. Total also invested US$510 million in a subsidiary of Adani Green Energy in February 2020.
26)In August 2020, Adani Group obtained a majority stake in Mumbai and Navi Mumbai airports after entering a debt acquisition agreement with GVK Group.
27)Through a concession agreement with the Airports Authority of India, Adani Group also obtained a 50-year lease on Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore, and Thiruvananthapuram airports.
28)Adani Foundation has established cost-free schools, the Adani Vidya Mandir in Ahmedabad, Bhadreshwar, and Surguja for underprivileged children.
29)Other schools funded by the foundation include Adani DAV Public School, Adani Vidyalayas, and Navchetan Vidyalaya. The foundation provides education to 1,00,000 children through 600 schools.
31)The Adani Group has forayed into the data center business by forming a 50:50 joint venture with US-based EdgeConneX to build hyper scale data centers

32)In 2021, Flipkart entered a strategic partnership with the Adani Group to boost its logistics & data center capacity
33)The Adani Group has begun to separate its airport business from holding entity Adani Enterprises Ltd (AEL) as a first step toward listing the unit.
34)Adani Airport Holdings has entered into an agreement to acquire the debt of GVK Airport and will acquire controlling interest in the Mumbai airport.

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