MR RESILIENT

BECAUSE his appetite for expansion is only growing, never mind that nasty hit by a company named after a zeppelin that crashed. The down-to-earth clean energy pioneer plans to invest $70 bn (Rs 5.7 lakh crore) by 2030 to build three gigafactories for solar modules, wind turbines and hydrogen electrolysers, aligning his group’s plans with the green energy thrust of the BJP government led by PM Modi, with whom his relationship goes back several years

BECAUSE on May 22, Adani stocks rose to their highest levels since the Hindenburg report in January—a Supreme Court-appointed panel did not find the alleged ‘regulatory failures’ by Sebi. From being the world’s second richest briefly in September 2022, he fell to #38 by February-end, and is currently #24 on Forbes’s rich list, with a net worth of $52.8 bn (Rs 4.3 lakh crore)

BECAUSE 2022 was paved with acquisitions—in May, he became India’s second-largest cement manufacturer by acquiring Swiss firm Holcim’s stake in Ambuja Cements and ACC for $10.5 bn (or Rs 85,800 crore). Other purchases included Ocean Sparkle, India’s largest marine services company; Adani-Wilmar’s buyout of Kohinoor and Charminar rice brands from the US-based McCormick. The Group also won the tender to privatise Israel’s Haifa port, along with Gadot. NDTV, meanwhile, ticked the media box GIVING SPIRIT On his 60th birthday last June, the Adani family committed Rs 60,000 crore to the Adani Foundation that his wife Pritiben heads, for use in healthcare, education and skill development for the needy. His philanthropic activities earned him a place in the 16th edition of Forbes Asia’s Heroes of Philanthropy list in 2022 TRANSFORMING DHARAVI In November 2022, Adani Properties won the bid to redevelop Mumbai’s famous slum. Its offer? Rs 5,069 crore STRESS BUSTER Plays rummy with his wife 3-4 times a week, even if he reaches home late from work