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Business portfolio

Robust business incubation model

Development

Attractive Incubation Record

Proven incubation successrecord

Year 2015 >APSEZ, APL & AESL

Year 2018 > AGEL & ATGL

Green Hydrogen Ecosystem

Integrated manufacturing for generating low-cost greenhydrogen

Ingots, wafers, cells, modules, wind turbines & electrolysers

Business Model

B2B Model ANIL Ecosystem, Data Center, Roads

B2C Model Airports & Digital

Operations

Global Recognition

Rigorous Testing & Certification backed operations to meet global standards

e.g. Largest WTG of 5.2 MW received type certification from WINDGUARD

Technology Backed Operations

Consistent upgradationin technology for business efficiencies

e.g. TopCon technology in Modules, OMCCC in Roads.

Capacity Enhancement

Scaling size in Top Line & Asset Base

  • ANIL Ecosystem
    Cell & Module - 4 GW
    Ingot & Wafer - 2 GW
    WTG - 2.25 GW
  • ARTL - 5,000+ L-Kms

SustainableValue Creation

Value to Shareholders

Significant value creation for shareholders

CAGR @ 31.2% over 30 Years

Market Cap @USD 31.3 billion*as on March 28, 2025

Efficient Capital Management

Capital management plan

in line with underlying business philosophy Net Debt/Equity ratio at 0.9x in FY 2024-25

ESG Governance

Scored 60/100 in S&P/ DJSI assessment

which is significantly higher than sector average score of29/100

AEL Business Portfolio – a 360° View

The flagship business, Adani Enterprises Limited (AEL), serves as the incubator for the Adani Group and contains a well-balanced mixture of established and incubating businesses. AEL business portfolio is meticulously designed to meet India’s evolving needs with a high level of resilience. These businesses are strategically diversified to deliver sustainable incremental value to all stakeholders.

Energy and Utility

With an eye on the nation’s future opportunities and needs, AEL’s energy and utility portfolio is currently focussed on the establishment of a green hydrogen ecosystem, data centers.

Green Hydrogen Ecosystem
  • To incubate, build and develop an end-to-end integrated ecosystem for manufacturing of green hydrogen at Mundra
  • Manufacturing of renewable energy equipment, such as WTGs and solar modules, to reduce the cost of renewable power
  • Transformation of green hydrogen so produced into derivatives, including green nitrogenous fertilisers, ammonia and urea, for both domestic and international markets
  • Presence across the manufacturing value chain, primarily from a single location, provides competitive advantage to AEL with economies of scale and synergy benefits
In Other Initiatives, We are:
  • Developing data centers with an aim to retain and drive a data center platform that empowers digital India.
  • Undertaking infrastructure initiatives to safeguard India's water resources through innovative wastewater treatment projects
Transport and Logistics

Our focus in this portfolio is on the airports and road infrastructure businesses.

Airports Business

  • We have the largest airport network in India, which includes the seven operational airports of Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, Thiruvananthapuram, and an under construction greenfield airport in Navi Mumbai

Roads Business

  • We currently have 14 road assets, of which 6 are operational
Primary Industry

This segment comprises our offerings in Services, Metals, Mining and Industrials.

Services

Mining Services,

including contract mining, development, extraction-related services, more primarily for the coal and iron ore resources

Integrated Resource Management (IRM)

services, aimed at meeting high demand for coal in India, by sourcing globally and delivering it to Indian customers

Metals & Materials

  • Copper
  • PVC

Mining

Commercial Mining operations & development

Industrials

Specialised Manufacturing, including defence products

Direct to Consumer

Digital

Adani One super app, launched to complement Adani Portfolio of Companies’ consumer-serving businesses

Media

NDTV - Global news network operating across both traditional and digital platforms