Updated Mar 13, 2021 | 07:37 IST
The story of Adani Enterprises chairman Gautam Adani is exactly what makes the idea of free-market capitalism so damn lucrative —it works for those who truly believe in it.
Adani Group chairman Gautam Adani | Photo Credit: IANS
Gautam Adani, chairman of Adani Group, added ports, airports, data centres, solar PV manufacturing, power & coal generation capacity and more to assets either owned or directly managed by group companies and this was just 2020 and 2021.
Earlier this month Adani Enterprises, the flagship company of the power-to-port conglomerate, became the third group company to join the elite Rs 1-trillion market capitalisation (market-cap) league. Five out of the group’s six publicly traded companies are now firmly saddled in the top 100 most-valued Indian companies (by market cap). Two out of these, Adani Green Energy (Rs 1.81 trillion) and Adani Ports and SEZ Ltd (Rs 1.47 trillion), still command a market cap of well above Rs 1 trillion-mark while Adani Enterprises is within kissing distance of the figure at Rs 0.98 trillion as of March 12, 2021 closing prices.