How Gautam Adani became a power player

While the Adani group's rise began under the first Bharatiya Janata Party government, led by Atal Bihari Vajpayee

Gautam Adani
N Sundaresha Subramanian
Last Updated : Jul 13 2016 | 11:29 AM IST
Click on graphic
The Adani Group, led by Gujarat-based billionaire Gautam Adani, finds itself at the centre of a political controversy, with the Congress party alleging it is being rewarded for its closeness to the ruling dispensation.

However, an analysis of data on major infrastructure projects showed that the group entities have a knack of winning key projects, irrespective of the ruling dispensation.

While the group's rise began under the first Bharatiya Janata Party government, led by Atal Bihari Vajpayee, it spread its empire across the country and sectors bagging key projects in power and port sectors under the two United Progressive Alliance (UPA) regimes between 2004 and 2014.

While it won 10 key projects worth over Rs 21,000 crore under UPA, in the first two years under the current regime, it has won projects worth close to a quarter of that sum, data from www.infrastructure india.gov.in indicate. The portal, maintained by the finance ministry, has data on some 5,256 projects worth Rs 33.17 lakh crore.

The data include government infrastructure projects (PPP), with project costs of over Rs 5 crore and government infrastructure projects (traditional procurement) and private sector infrastructure projects, with project costs of over Rs 50 crore
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 13 2016 | 8:40 AM IST

Next Story