Adani Group Chairman Gautam Adani has spoken out for the first time since SEBI cleared the conglomerate of allegations triggered by Hindenburg’s 2023 report.
In a note to shareholders, Adani said the report was not just an attack on the group but on India’s global business ambitions. He stressed that instead of weakening, the group has come out stronger, with resilience evident in both governance and performance.
Financially, the group reported:
- A 57% jump in EBITDA, from ₹57,205 crore in FY23 to ₹89,806 crore in FY25
- A ₹2 lakh crore rise in gross block, a 48% increase in two years
On the ground, several large-scale projects were commissioned, including:
- India’s first container transshipment port at Vizhinjam
- 6 GW of new renewable capacity, including the Khavda project, the world’s largest at a single location
- The world’s largest copper smelter and metallurgical complex
- 7,000 circuit km of transmission lines and 4 GW of thermal capacity in India and abroad
Adani called this a defining moment for the group, reaffirming its commitment to governance, sustainability, and nation-building. He also acknowledged the uncertainty faced by investors during the crisis and thanked them for their patience and trust.
Looking ahead, Adani pledged to stay transparent, drive growth, and contribute to India’s long-term economic future.
