POWERING AHEAD

ADANI PORTS & SEZ Nov 09,’15:

Signs a pact with Larsen & Turbo to oversee operations of Kattupalli Port in Tamil Nadu

Acquires Dhamra

May 16,’14:

Port

Jul 04,’14:

Partners with CMA CGM Group of France to set up a fourth container terminal at Mundra

Nov 27,’13:

Signs MOU with Belgian Port of Zeebrugge

Enters into JV with MSC Mediterranean Shipping to operate a new container terminal in Mundra

Signs pact with Kandla Port Trust to develop a bulk terminal at Kandla

Completes Abbot Point acquisition

Jul 02,’13: Jun 02,’12: Jun 01,’11: ADANI POWER Apr 21,’15:

Completes acquisition of Lanco Infratech’s Udupi power plant

ADANI TRANSMISSION Jul 01, ‘16:

Announces plan to pick up stake in Maru Transmission Services and Aravali Transmission Services of GMR Energy signed a joint venture agreement with the Rajasthan government to commission a 10,000 Mw solar park by 2022.

The group claims the assets acquired by it in power sector will help improve its return on equity, as these plants are not “rate-constrained”. The integration of the 600-Mw Korba plant, for example, which it acquired from Avantha, would be beneficial as it already has power purchase agreements with distribution companies in place.

The group believes its ability to execute projects quickly in sectors that directly benefit the economy, such as energy, infrastructure and transport will create value for stakeholders in the long run.

Meanwhile, to reduce interest costs and finance new projects, it plans to raise ~25,000 crore through overseas bonds. This follows a restructuring of its flagship Adani Enterprises, which has created focused businesses in ports, power, transmission and mining, with the objective of reducing the company’s debt. The group hopes its aggressive stance will score over a more prudent growth approach.