POWER PACK

GAUTAM ADANI 55 Founder & Chairman, Adani Group

Because this college dropout-turnedbusiness tycoon, seen to be the closest to Narendra Modi, distanced himself from the power centre after increased public scrutiny of his group’s operations. He has further grown his Rs 71,500 crore business empire through a four-fold expansion of Dhamra port in Odisha to 100 million tonnes capacity

Because his group is betting big on defence by setting up a plant in Hyderabad to make a composite aero structure for Hermes 900 drones in a tie-up with Israel’s Elbit Systems

Because India’s largest power producer Adani Power’s transmission arm entered the power distribution business by acquiring Reliance Infrastructure’s Mumbai distribution business

Because the Directorate of Revenue Intelligence in 2017 nullified all proceedings against the Adani Group firms that were accused of allegedly inflating the total declared value of goods imported under power and infrastructure heads to the extent of Rs 3,974.12 crore

DID YOU KNOW? Subramanian Swamy recently described Adani as the “biggest NonPerforming Asset (NPA) trapeze artiste”