Adani to merge rail operations in single company
Mumbai: Billionaire industrialist Gautam Adani is set to consolidate all rail assets under a single entity, which will remove duplication and build scale, helping him to bid for projects with a higher net worth.
He will bring the six rail assets (a portfolio of 690km in terms of track length, see graphic) under Adani Tracks Management Services — a 100% arm of the listed Adani Ports and Special Economic Zone. The consolidation will allow Adani, who is targeting to have a portfolio of 2,000km of track length by 2025, to participate in public-private partnership projects of the Indian Railways “without having to compete with similar businesses in the Adani portfolio”, the group said.
