बिहार में बड़ा निवेश करेगा अडानी समूह, हजारो को मिलेगी नौकरी

दिल्ली आजकल ब्यूरो, दिल्ली
14 दिसंबर 2023

अडानी समूह ने बिहार में हजारों करोड़ रूपये के निवेश के ऐलान के साथ ही वहां पर करीब 10 हजार प्रत्यक्ष और अप्रत्यक्ष नौकरी के अवसर सृजित करने का भी रोडमैप सार्वजनिक किया है. बिहार बिजनेस कनेक्ट 2023 में हिस्सा  लेने के लिए आए अडानी समूह के कृषि—तेल—गैस इकाई के प्रबंध निदेशक प्रणव अडानी ने कहा कि इस समय बिहार में उनकी कंपनी का करीब 850 करोड़ रूपये का निवेश है. इसमें करीब दस गुणा बढ़ोतरी आने वाले समय में की जाएगी. यह निवेश करीब 8700 करोड़ रूपये तक का हो जाएगा.

उन्होंने यह भी कहा कि अदानी समूह बिहार सरकार के बिहार डेवलपमेंट विजन के साथ हैं. बिहार में अडानी समूह लॉजिस्टिक, गैस डिस्ट्रिब्यूशन और साइलो में एग्री-लॉजिस्टिक सेक्टर में पहले से मौजूद है. इसमें हम अभी तक 850 करोड़ रुपये का निवेश कर चुके हैं. इससे बिहार में करीब 3 हजार प्रत्यक्ष और अप्रत्यक्ष रोजगार सृजित हुए हैं. अब हम अपना निवेश बिहार में 10 गुणा ज्यादा करना चाहते हैं. हमारी 8700 करोड़ रुपये के निवेश की योजना है. उन्होंने कहा कि इससे प्रत्यक्ष और अप्रत्यक्ष 10 हजार नौकरी सृजित होने का अनुमान है.

प्रणव अडानी ने इस अवसर पर मुख्यमंत्री नीतीश कुमार की जमकर तारीफ भी की. उन्होंने कहा कि देश में इस समय रेलवे की आनॅलाइन टिकटिंग व्यवस्था भी है. यह दुनिया की व्यवस्तम टिकटिंग व्यवस्था है. इसने देश में रेल सफर और उसके टिकट लेने की व्यवस्था को आमूल—चूल बदल दिया है. यह विजन नीतीश कुमार का ही था. उन्होंने रेल मंत्री रहते हुए यह व्यवस्था शुरू की थी. प्रणव अडानी  ने कहा कि जब मुंद्रा में हमारा पोर्ट बना था. उस समय निजी पोर्ट को रेल लिंक से जोड़ने का विकासकारी और भविष्यदृष्टा निर्णय भी नीतीश कुमार का ही था. उन्होंने जिस तरह से बिहार में जीविका दीदी सहित कई योजनाओं को लागू कर विकास का मॉडल पेश किया है. वह उनके विजन को बताता है. बिहार के विकास में अडानी समूह भी बड़ी भूमिका निभाने को तैयार है. 

Delhi Aajkal Bureau, New Delhi

Adani Group says we categorically reject these recycled allegations. These news reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report. In fact, this was anticipated, as was reported by the media last week.

These claims are based on closed cases from a decade ago when the Directorate of Revenue Intelligence (DRI) probed allegations of over invoicing, transfer of funds abroad, related party transactions and investments through FPIs. An independent adjudicating authority and an appellate tribunal had both confirmed that there was no over-valuation and that the transactions were in accordance with applicable law. The matter attained finality in March 2023 when the Hon’ble Supreme Court of India ruled in our favour. Clearly, since there was no over-valuation, there is no relevance or foundation for these allegations on transfer of funds.

Notably, these FPIs are already part of the investigation by the Securities and Exchange Board of India (SEBI). As per the Expert Committee appointed by the Hon’ble Supreme Court, there is no evidence of any breach of the Minimum Public Shareholding (MPS) requirements or manipulation of stock prices.

It is unfortunate that these publications, which sent us queries, chose not to carry our response in full.

These attempts are aimed at, inter alia, generating profits by driving down our stock prices and these short sellers are under investigation by various authorities. As the Hon’ble Supreme Court and SEBI are overseeing these matters, it is vital to respect the ongoing regulatory process.

We have complete faith in the due process of law and remain confident of the quality of our disclosures and corporate governance standards. In light of these facts, the timing of these news reports is suspicious, mischievous and malicious – and we reject these reports in their entirety.

Delhi Aajkal Bureau, Delhi 

25 August 2023

 In a significant milestone, the Adani Group, through a series of strategic initiatives, has increased its liquidity position at the portfolio level to finish with a cash balance of INR 42,115 crore at the end of the June quarter. The portfolio companies diligently focused on bolstering their financial standing, ensuring a robust foundation for their ambitious projects.

The following are the key measures that contributed to this positive transformation:

·         Significant deployment of equity resulted in total equity increasing to 55.77% of the total assets as compared to 40.16% at the end of FY19. Equity deployed by the end of FY23 was INR 2,35,812 crore, much higher than net debt of INR 1,87,087 crore.

·         EBITDA and gross assets have grown at a much faster rate in the last four years (FY19 to FY23) at a CAGR of 18.13% and 21.7% respectively. EBITDA in the June FY24 quarter increased by 42% year-on-year and was more than 40% of the entire FY23. As against these, net debt has grown at only 14.56% CAGR, resulting in consistently improving leverages ratios.

• Net debt to run-rate EBITDA for FY23 fell to 2.8x as compared to 3.2x a year ago
• Gross Assets to Net debt was 2.3x at the end of FY23
• Net Debt to Equity at 0.8x at the end of FY23
• Debt coverage ratio improved to 2.02x for FY23 as compared to 1.47x for FY22

·         More than half of the portfolio EBITDA is from the businesses that enjoy ratings equal to sovereign rating of India. Such high ratings have allowed continues capital market access.

·         The core infrastructure and utility platform accounted for 83% of total EBITDA in FY23 and 86% in the June FY24 quarter. Contractual businesses accounted for 82% of the portfolio EBITDA in FY23. Such a high contribution offers great stability and multi-decadal visibility on earnings.

·         Well-diversified finance sourcing from global as well as domestic banks, capital markets and others has eliminated concentration risk.

·         The conservative planning has provided for a robust maturity cover. Maturity profile of debt for all the companies exceeds cover period in all cases, ensuring refinancing protection and eliminating systemic risks.

·         Free funds flow plus cash for FY23 was 2.72x against average debt maturity cover of 6.55 years, thus eliminating refinance risks. Free funds flow is EBITDA less finance cost paid less tax.

·         Through a 10-year equity programme with long-only global investors formulated in 2016, the Adani portfolio has attracted over USD 9.5 billion (does not include the recent stake sale in Adani Power to GQG Partners) since 2019. This programme has supported strategic priorities, including pre-payment of margin-linked share-backed financing.

·         Promoter level entity has generated INR 30,900 crore (does not include recent stake sale in Adani Power to GQG Partners) through secondary market transactions since March 2023.