From Crisis To Confidence: Gautam Adani Declares Group Has Emerged Stronger

New Delhi:

Gautam Adani has described the Securities and Exchange Board of India's (SEBI) dismissal of allegations against his conglomerate as a "powerful validation" of the group's governance practices. According to Adani, the group has emerged from recent challenges with stronger foundations than before.

The Adani Group Chairman reflected on the difficulties that followed the Hindenburg Research report in 2023, which had questioned the conglomerate's governance practices and global aspirations.

"It was not merely a critique of your Adani Group. It was a direct challenge to the audacity of Indian enterprises to dream on a global scale," Adani stated in his message.

On September 18, SEBI provided a clean chit to several Adani Group companies, including Adani Enterprises, Adani Ports, and Adani Power, as well as to Gautam Adani himself, rejecting the allegations made by Hindenburg Research.

Gautam Adani characterized SEBI's "resounding and unequivocal verdict" as bringing closure to a two-year period of intense scrutiny. "With SEBI's clear and final word, truth has prevailed or like we had always said - Satyamev Jayate," he remarked.

Quoting poet Sohan Lal Dwivedi, he added, "The boat that fears the waves can never reach the shore, but those who keep on trying will win forevermore."

Adani shared impressive financial metrics demonstrating the group's resilience: Portfolio EBITDA grew from Rs 57,205 crore in FY23 to Rs 89,806 crore in FY25, representing a 57 percent absolute increase with a two-year CAGR of 25 percent.

The Gross Block expanded from Rs 4,12,318 crore to Rs 6,09,133 crore, showing a 48 percent increase over two years.

"It was your trust that steadied us, your patience that sustained us and your belief that emboldened us," he stated, expressing gratitude to investors, lenders, suppliers, and partners for their continued support.

Major infrastructure achievements completed during this challenging period include:

India's first container transshipment port at Vizhinjam, alongside the Colombo West International Terminal.

6 GW of renewable energy capacity, including Khavda, the world's largest single-location renewable project.

The world's largest copper smelter and metallurgical complex.

Energy network expansion with 7,000 circuit kms of transmission lines and 4 GW of new thermal capacity across India and overseas.

Looking ahead, Gautam Adani committed to enhancing governance, advancing innovation and sustainability, and investing in infrastructure to support India's growth trajectory. He expressed confidence that the SEBI verdict would restore trust and reaffirm the group's core values.