Gautam Adani while addressing the Annual General Meeting (AGM) of Adani Enterprises Ltd today said the group's rising market capitalization has been supported by robust & sustained growth in their cash flows.
He said, "Our focus on operational excellence across our portfolio and the accretive capacity addition delivered an EBITDA growth of 26%. Portfolio EBITDA stood at Rs 42,623 crore. This diversified growth was reflected across our range of businesses. Our utility portfolio grew by 26%, our transport and logistics portfolio grew by 19%, our FMCG portfolio grew by 34 percent, and Adani Enterprises Limited, our incubator business, grew by 45%. AEL's unique business model has no parallel and we intend to leverage this further."
The Group has a strong platform for the ongoing creation of new businesses thanks to the rapid growth of AEL for yet another successful decade.
"While we may look back and feel content, it is only now that we are gathering real momentum. What we have been able to achieve in two decades, is become India's largest integrated infrastructure business based on a rapid extension into adjacent businesses. This has resulted in our transformation into an integrated 'platform of platforms' that combines an energy platform with a logistics platform, both of which help us with unprecedented access to the Indian consumer. I today know of no company that has such a unique business model with potential access to an unlimited B2B and B2C market for the next several decades," Gautam Adani said.
