Adani Group chief Gautam Adani
Gautam Adani is preparing to explode the stock market once again. In the coming few years, about half a dozen companies of Adani Group can debut in the stock market. According to sources in the media report, Adani Enterprises, the flagship company of Adani Group, is preparing to list several subsidiaries including airports, metals, roads and data centers in the stock market between 2027 and 2031. According to the report, in the next three years the company expects that many big assets will mature, which will open the way for listing of new companies. Earlier, something similar was seen between 2016 and 2020. Adani Group’s Adani Total Gas, Adani Green Energy and Adani Wilmar Wilmar were listed.
The media report quoted a source as saying that by 2027-28, the company expects the EBITDA of the airport business to be almost three times its current size. Copper and other material businesses will be fully operational and ready to be listed. The source said in the media report that Ganga Expressway and seven other road projects are also likely to be completed during this period. However, no official statement has come from Adani Enterprises.
Airport business in profit
Adani Group is the largest private airport operator in the country. Group eight airports are possible. The business comes under its wholly owned subsidiary Adani Airport Holdings, which also has seven operational airports in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, Thiruvananthapuram and Mangalore. Earnings before EBITDA of the airport business in the September quarter was Rs 1,062 crore, which is 43 percent more than last year. Adani Group has started the first phase of city-edge development spread over 114 acres at its airports in Mumbai, Ahmedabad, Jaipur, Lucknow and Guwahati. The business is targeting the non-port sector, which is emerging as a major contributor to the company’s revenue and operational profit.
Metal and Road Infra Business
If we talk about metal business, Adani Enterprises is targeting the second largest portfolio after Vedanta in the next few years. Adani Roads Transport, wholly owned by Adani Enterprises, had an EBITDA of Rs 930 crore in the first half of the current financial year. The company has started its seventh project, while construction work on seven other projects is underway. This second round of listing of Adani Enterprises is expected to be similar to its first phase of value creation. There is a reason for this also. The new verticals will be able to generate significant wealth for shareholders in the coming decade.