Re 1 invested in Adani Enterprises yielded 800-times return: Gautam Adani
A rupee invested in Adani Enterprises two-and-a-half decades back has given over 800-times return, billionaire Gautam Adani said as he saw his infrastructure conglomerate evolve into an integrated ‘platform of platforms’.
Speaking at the JP Morgan India Summit – Future in Focus, the Adani Group chairman said the seaports-to-airports-to-energy group’s incubation model has created six publicly-traded companies with thousands of jobs and unprecedented shareholder value.
“A one-rupee investment in Adani Enterprises (at the time of) our first IPO in 1994 has returned over 800x,” he said.
A college dropout, Adani, 58, started with trading in commodities and went on to build a conglomerate that is the country’s biggest sea-port operator and is poised to be India’s largest private airport developer. It has interests spanning energy, mining, gas, renewables, defence and agro-commodities.
