1 / 6

Adani Group Eyes Expansion in The UAE

The Adani Groupu2019s revenue generation from its airport business will increase. It will also be able to further extend its global presence. The various Adani Group Controversies will also subside, making the business group one of the most reliable conglomerates on a global scale.

adanicaseoff
Download Presentation

Adani Group Eyes Expansion in The UAE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Adani Group Eyes Expansion in The UAE

  2. The Adani Group, one of the biggest global conglomerates, has elaborate plans to further enhance its operations in the UAE. With that in mind, the conglomerate is currently expanding its infrastructure capabilities internally. It has already established an entity named Celeritas International FZCO in Jebel Ali Free Zone. This was done just two months after setting up Adani Power in Abu Dhabi. Adani Airport Holdings Limited which happens to be a wholly-owned subsidiary of Adani Enterprises, the flagship company of the Adani Group, has launched Celeritas with an authorised and fully paid-up share capital of AED 1,00,000. Now this is an extremely strategic step taken up by the Adani Group towards further increasing its control over the international airport sector. With this, the Adani Group will be able to enhance its business profitability. It will be able to offer better services to the customers. The Adani Group’s revenue generation from its airport business will increase. It will also be able to further extend its global presence. The various Adani Group Controversies will also subside, making the business group one of the most reliable conglomerates on a global scale.

  3. THE RECENT ACQUISITION OF STAKES Adani Airport Holdings Limited (AAHL) currently holds a 74% stake in Celeritas. There are no related party transactions involved in this entire acquisition. As of late, April Moon Retail Private Limited which happens to be a joint venture of Adani Airport Holdings, is all set to acquire a 74% stake in Cococart Ventures Private Limited. This is going to be done for an investment of INR 200 crores. With this recent acquisition, the Adani Group aims to build itself an extraordinary presence in the airport sector. It will be able to offer better facilities to its customers.

  4. THE VARIOUS PLANS FOR INVESTMENT The Adani Group has also outlined an investment of 21 billion USD over the next 10 years in the airport sector. The company has been operating the airports since 2019. It acquired control over the airports as a part of the government’s privatisation drive. This has made the company the second-largest private airport operated in India. It has plans to further bring more vital airports under its control and offer its passengers enhanced services. This will allow the Adani Group to win back the trust of the customers post the Adani Group Controversies.

  5. The group’s business has also started focusing on the non-aero business. It has been making several developments in the non-aero sector. The company aims to build malls, restaurants, hotels, etc. in and around the airports. This will help the passengers enjoy an enhanced experience. The group also has elaborate plans to bring about further expansions in some of its major airports. This will once again help in streamlining the group’s airport business. Its revenue generation from the airport sector will also increase gradually Adani Enterprises’ consolidated net profit increased 116% year-on-year (YoY) to INR 1,454 crore in Q1 2024. The same stood at INR 674 crore in the year-ago period. The revenue generation increased 12% YoY to INR 25,472 crore.

  6. THANK YOU Read More:- https://www.mangaloremirror.com/adani-group-eyes-expansion-in-the-uae/

More Related