Hello! All of our viewers, greetings to you all, in today’s blog I will give you information about the Link between lockdown and Gautam Adani and give you a verdict about how he raised?, What were the key points?
Who is Gautam Adani and Adani group?
Adani group is an Indian chain of businesses with its roots around the globe, it’s headquarters is in Ahmadabad, it was founded by its chairman Gautam Shantilal Adani on 20 July 1988 (33 years old). Also, Gautam Adani’s net worth is $55.2 billion dollars making him the second richest person in India and the Adani group is worth $15 billion dollars.
How did he rise so much in this lock down?
From the past several months he has been rising so much and adding money into his bank account, Gautam Adani has beaten billionaires like Elon musk and has added the most wealth into his net worth and that is $16.2 billion dollars and he beat Chinese billionaire king Zhong Shanshan and became the second richest person in Asia, the main reason behind the rise of Adani in amidst the COVID-19 was his urge to grow and take risks. Adani group has been expanding their roots in 2021 in many sectors like airports, companies etc.
In 2021 his companies just blew up, Adani total gas shares is grown 1145% in the past year, Adani enterprises have grown 827% and Adani transmission shares have advanced 617%, the group have also become the biggest non-government owned power producer and he is also a leading name in coal-producing and now he is going abroad as well.
What was his mindset?
The main strategy of Adani was to dominate the sectors which the government was trying to push and in my opinion, this decision was off the chain because the competition was much less in these sectors which made it easier for Adani group to seize these sectors the major one was infrastructure like airports, ports etc. In March, Adani group and special economic zone LTD acquired Gangavaram port for Rs 3604 crores and took the majority control of the private port, Adani group has earlier purchased a 31.5% stake in the port from Warburg Pincus.
1) NTPC: worth $23 billion
2) LANCO: worth $1 billion
3) ENEL: worth $97 billion
4) AES: worth $10 billion
5) ATCO group: $3 billion
Charity donations by Adani Group
PM CARE FUND: 100 Crores
GUJARAT CM RELIEF FUND: 5 Crores
KERALA CM RELIEF FUND: 5 Crores
ANDHRA PRADESH CM RELIEF FUND: 2 Crores
MAHARASHTRA CM RELIEF FUND: 1 Crore
JHARKHAND CM RELIEF FUND: 1 Crore
DONATION TO NGO’s: 0.5 Crores
ADANI GROUP’s EMPLOYEES CONTRIBUTED 4 CR ADDED BY ANOTHER 4 CR DONATED BY ADANI FOUNDATION FOR COVID RELIEF
So this is how Adani blew up in 2021 with the help of his powerful mindset and vision.
-by Shivam Shaw
India’s worsen wealth (Congress or BJP ?) 2021-22