Adani Group Becomes Third Indian Business Group to Cross $100 Billion M-Cap

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Adani Group Becomes Third Indian Business Group to Cross $100 Billion M-Cap
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Gautam Adani’s business empire that spans everything from ports to energy became the third Indian business house after the Tatas and Reliance (NS: RELI ) to cross the $100 billion market cap mark.

A Press Trust of India report said, “The total market cap of Adani (NS: APSE ) Group's six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or $106.8 billion, according to stock exchange data.”

The six-listed companies in the Adani Group saw their market cap zoom 487% in the last year from Rs 1.34 lakh crore to Rs 7.84 lakh crore as of the close of trading on Tuesday. During the same period, the Tata Group’s market cap went up 99% to Rs 18.16 lakh crore and Reliance Group’s market cap went up 65% to Rs 12.67 lakh crore.

Adani Gas Ltd (NS: ADAG ): Up 1,235%

Adani Enterprises Ltd (NS: ADEL ): Up 850%

Adani Green Energy Ltd (NS: ADNA ): Up 686%

Adani Transmission Ltd (NS: ADAI ): Up 473%

Adani Power Ltd (NS: ADAN ): Up 268%

Adani Ports and Special Economic Zone Ltd Future : Up 241%

On Tuesday, except for Adani Green and Adani Power, the other four Adani firms hit record highs at closing.

Gautam Adani’s net worth went up by $23.3 billion to $57.1 billion in the last year making him the 21st richest person in the world.

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  • Shambhu Gupta @Shambhu Gupta
    Adani and Ambanino matter which government is there
    Like 0
  • Rakesh Prasad @Rakesh Prasad
    With modi blessings
    Like 3
  • SURYANARAYANA RAJU @SURYANARAYANA RAJU
    BJP ~ Adani in INDIA
    Like 3
  • SURYANARAYANA RAJU @SURYANARAYANA RAJU
    BJP ~ Adani in INDIA
    Like 3

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