Headquartered at Ahmedabad, Gujarat, India, ADANI Group is an Indian multinational conglomerate, which is into several business verticals – energy, infrastructure, agribusiness, real estate, and logistics etc. Founded in the year 1988, this group has really made it big. Let us learn in this blog what are the latest developments at ADANI Group which are shaping the energy landscape of India.
Foraying into new fields
Entering into the supply chain of energy and power, ADANI Group has entered the retail electricity business – the largest private network in the city of Mumbai, Maharashtra, India.
In a media release dated 29th August 2018, Adani Transmission Ltd. (ATL) announced its acquisition of Reliance Infrastructure’s business of generation, transmission, and retail electricity distribution. The formation of Adani Electricity Mumbai Ltd. (AEML) is the result of this acquisition. AEML shall function as a subsidiary of ATL.
No to Plastics
In order to reduce the wastage of plastics, Adani Wilmar – a consumer essentials wing of ADANI Group, announced that it would completely replace the packaging of its one-litre edible oil product, Fortune nation-wide. The company aims to do it in association with Gujarat based Vishakha Polyfab Pvt. Ltd. (VPPL) eco-friendly packaging across the edible industry, in an exclusive agreement as per a media release dated 31st August 2018.
A helping hand to Society
Kerala floods have rocked the Indian state and the nations stand united to support the ‘God’s Own Country’ to fight against the natural calamity. Releasing the need of the hour, Adani Foundation commits to donating INR 50 Crore – 25 Crore for immediate relief and another 25 Crore for rehabilitation.
Going by the vision of the company, this donation was indeed a demonstration of ‘nation-building’ attempt.
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