Adani Enterprises Limited Overview
Adani Enterprises Ltd (AEL), the flagship entity of the Adani Group, plays a pivotal role as an incubator for a variety of businesses ranging from mining to integrated resource management, and infrastructure encompassing airports, roads, solar manufacturing, and more. Since its inception in 1993, AEL has spun off major ventures like Adani Power, Adani Transmission, Adani Ports and SEZ, Adani Gas, Adani Green Energy, and Adani Wilmar into independent listed entities. Primarily, AEL's revenue stems from Integrated Resource Management and Mining Services, alongside significant contributions from solar PV manufacturing and airport operations. The company is India’s largest integrated solar manufacturer with a 1.5 GW capacity facility, aiming to expand to 3.5 GW. It has ventured into road development with 14 ongoing projects and is also developing data centres across India through a joint venture. In 2019, AEL expanded into the airport sector, modernising and operating six major airports in India. Despite its diversified growth, AEL plans substantial capex fueled by increased debts, indicating a strategic investment in future growth across its wide-ranging operations.