Adani Group companies’ tax payment to the Indian government rose nearly 25% to Rs 58,104 in the financial year 2024, proving to be one of the country’s largest contributors to the exchequer.
The Adani Group’s total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore for the fiscal 2023-24, an increase from the previous year’s Rs 46,610.2 crore, the conglomerate said in a statement.
The tax payment includes seven Adani group companies: Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., Adani Green Energy Ltd., Adani Energy Solutions Ltd., Adani Power Ltd., Adani Total Gas Ltd., and Ambuja Cements Ltd.
The figure also includes the tax paid by three other listed companies — NDTV Ltd., ACC Ltd. and Sanghi Industries Ltd. — that are held by the seven companies, the statement said.
“Transparency is the foundation of trust, and trust is essential for sustainable growth,” said Adani Group Chairman Gautam Adani. “Every rupee we contribute to our nation’s finances reflects our commitment to transparency and good governance. By voluntarily sharing these reports with the public, we aim to foster greater stakeholder confidence and set new benchmarks for responsible corporate conduct.”
Through this voluntary initiative, the group aims to demonstrate its commitment to transparency, foster stakeholder trust and contribute to a more accountable global tax environment, the statement said.
“Adani Group considers tax transparency as an integral part of its broader ESG framework,” it said. The group strives to harmonise growth with social responsibility, aiming to transform India’s infrastructure landscape while promoting innovation and creating long-term value for stakeholders, it said.
Adani Group portfolio delivered its highest-ever trailing-12-month Ebitda or operating income and ensured sufficient liquidity to cover debt servicing for at least the next 12 months.
The TTM Ebitda — a financial metric that measures a company’s earnings before interest, taxes, depreciation, and amortisation over the previous 12 months — rose 10% year-on-year to Rs 86,789 crore as of December 2024. Core infrastructure businesses accounted for 84% of total Ebitda.
. Read more on Business by NDTV Profit.Transparency is the foundation of trust, and trust is essential for sustainable growth, Gautam Adani, Chairman of the Adani Group, said in the statement. Read MoreBusiness, Nation, Economy & Finance
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