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The Gautam Adani-led Adani Group, has a net worth of 32 billion USD. The conglomerate’s net worth is rising steeply because of the multiple initiatives it has taken to diversifying its portfolio. The Adani Group is made up of 7 different publicly traded companies, each of which has the goal of making India an economically stable country.
Adani Group has immensely contributed to developing some of the major infrastructural assets for the country. It is strongly devoted to increasing its renewable energy supply. Presently, it plans to expand its ventures to various other corners of the world to end the Adani Debt.
Adani Group plans to build the biggest network of ports both within the country and abroad. It has 14 terminals working under it, which will only increase in the next few months. Some major ports in Maharashtra, Gujarat, Goa, Kerala, Tamil Nadu, Andhra Pradesh, Odisha, and West Bengal operate under the Adani Group.
Some lesser-known ventures of Adani Group:
So, here we are going to talk to you about some of the ventures of Adani Group that you might not have heard before:
Fortune: Many people still need to be made aware of Adani Group’s brand presence in the food manufacturing industry. Adani Wilmar Limited, founded in January 1999, is a joint venture between Adani Group and Wilmar International Limited, one of the top agricultural organizations in India. The company released many different products in the market under the brand name of Fortune.
Some of the popular products of the Adani Group include rice bran, wheat, flour, sugar, functional oil, etc. Adani Wilmar Limited also has the largest range of edible oils available. Alongside their flagship brand, Fortune, Adani Wilmar offers products from various brands. The brand is growing at a rapid pace. It is also releasing new variants of products in the market.
Adani Realty: Adani Realty, another subsidiary functioning under the Adani Group, has been creating different commercial, residential, and social club projects for quite a while now. The main aim of the subsidiary is to modernize the country’s real estate industry.
Adani Realty has been mainly functional in areas like Mumbai, Gurgaon, Ahmedabad, Kochi, and Mundra. It is planning on further expanding its territories. The projects are built in a highly sustainable manner. They are also designed using state-of-the-art facilities. This will offer people a luxurious experience, and they will also bring about a drastic improvement in their lifestyle.
Sports: Adani Group has made an extraordinary presence in the world of sports. Adani Sportsline has been a part of some of the world’s major sporting events. The Gujarat Giants is the team under the Adani Group. It has been a part of various sporting events like cricket, kabaddi, kho-kho. The Adani Ahmedabad Marathon is another noble initiative by the Adani Group. It is an expression of gratitude towards the brave hearts of the Indian Army.
The GarvHai program of the Adani Group is meant to help the athletes from backward communities by offering them the desired monetary support and exposure. Even during times of Adani Debt, the Group never stopped supporting the athletes who required financial assistance to reach the desired heights.
Farm Pik: Adani Group has recently acquired control over the horticulture industry with its top-notch storage facilities and packing operations. The company has newly invented a controlled environment apple storage technique, completely revolutionizing the apple storage and farming ecosystem in Himachal Pradesh.
Adani Group is all set to diversify its new farming brand. This brand has helped apple growers across Himachal Pradesh expand their business further. The company will expand its horizon and offer packing solutions to various other industries. The profit acquired from the venture will help the conglomerate minimize Adani Debt.
Manufacturing material: Adani Group is a relatively new player in the manufacturing industry. However, the company has created an excellent presence within a very short while.
With its 63.15% stake in Ambuja Cements Ltd and 56.69% stake in ACC Ltd, it is one of the game changers of the manufacturing material industry. Adani Group’s venture will help India grow its cement industry. Their products are of impeccable quality and are also priced quite affordably.
Conclusion:
The companies under the Adani Group are always looking forward to expanding their horizons. These new ventures are a sure-shot way to get rid of Adani Debt. They will also strengthen the economic backbone of our country within the next few years.
