The inaugural Annual Finance Day was celebrated on 14 Oct 2024, serving as a pivotal milestone following the successful AGM planning meeting held the previous year. This special event has been established as a cherished annual tradition, occurring on the second Monday of October. It provides an opportunity to acknowledge and celebrate the remarkable contributions and achievements of our dedicated finance team, highlighting their vital role in driving our organisation’s success and financial well-being.

During the event, Sagar Adani, Executive Director- Adani Green Energy delivered a welcome speech, followed by the inaugural Shantilal Adani Annual Finance Lecture, presented by Chairman Gautam Adani, who provided insightful perspectives on India's economic progress and the role of the Adani Group in driving transformation. The event also featured an address by Group CFO Jugeshinder Singh.

In his inaugural Shantilal Adani lecture, the Chairman highlighted the remarkable economic progress India has made, noting that the nation’s economic position and global influence have never been stronger. He emphasised that the Adani Group has played a pivotal role in this transformation. He praised the government’s achievements over the past decade, mentioning that India’s economy has doubled from USD 2 trillion in 2014 to nearly USD 4 trillion today. This rapid growth underscores the potential that lies ahead, positioning India as a formidable player on the global stage.

Aligning Ambition with Policy

Stressing the importance of aligning business strategies with government policies, he believes that the Adani Group’s success is closely tied to its alignment with the government’s vision, particularly in logistics and energy. “Logistics is the lifeline of our economy. By investing in modernising and expanding our logistics network we can reduce transportation costs, optimise supply chain and boost the global competitiveness of the Indian businesses. Logistics is one of the most powerful engines of economic growth. Currently India’s logistics costs are around 14% of GDP significantly higher than the global average of 9%,” he said.

He pointed out that India’s logistics costs are significantly higher than the global average and closing this gap could unlock billions in economic value. This strategic alignment not only supports national economic goals but also enhances the efficiency and profitability of the Adani Group’s operations.

Energy Transition and Sustainability

Highlighting the critical role of energy transition in sustainable development, he talked about the need for a balanced shift towards cleaner energy sources to reduce carbon footprints and ensure energy security. India’s solar capacity has seen a remarkable increase, from 2.6 GW in 2014 to over 60 GW in 2023, showcasing the country’s commitment to renewable energy. This transition is not just about environmental responsibility but also “about securing India’s energy future and reducing dependence on imported fuels. Adani Group’s investments in renewable energy are a testament to this commitment, positioning the group as a leader in the global shift towards sustainability.”

The Chairman outlined the four key pillars of the group’s strategy: productivity enhancement through AI and digitisation, disciplined financial management, governance, and organisational development.

He also stressed on the importance of staying relentless in the pursuit of global standards of excellence. By embracing AI and digitisation, upholding disciplined financial practices, fostering strong governance, and focusing on organisational development, the Adani Group is positioning itself as a leader in an era filled with opportunities. He expressed confidence that the group’s best days lie ahead, driven by collective efforts and commitment. This relentless pursuit of excellence is not just about achieving business success but also about contributing to the broader economic and social development of India.