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Adani Enterprises Ltd.

BSE: 512599 Sector: Others
NSE: ADANIENT ISIN Code: INE423A01024
BSE 11:43 | 22 Oct 177.70 2.50
(1.43%)
OPEN

175.00

HIGH

180.25

LOW

173.65

NSE 11:34 | 22 Oct 176.80 1.70
(0.97%)
OPEN

174.50

HIGH

180.00

LOW

173.40

OPEN 175.00
PREVIOUS CLOSE 175.20
VOLUME 353085
52-Week high 180.70
52-Week low 113.00
P/E 25.28
Mkt Cap.(Rs cr) 19,543
Buy Price 177.60
Buy Qty 773.00
Sell Price 177.80
Sell Qty 86.00
OPEN 175.00
CLOSE 175.20
VOLUME 353085
52-Week high 180.70
52-Week low 113.00
P/E 25.28
Mkt Cap.(Rs cr) 19,543
Buy Price 177.60
Buy Qty 773.00
Sell Price 177.80
Sell Qty 86.00

Adani Enterprises Ltd. (ADANIENT) - Chairman Speech

Company chairman speech

The portfolio of companies in the AEL basket has never been strongerand each of these next generation businesses holds tremendous potential for the future.

Dear Shareholders

Greetings! We live in interesting times. India continues to be theworld's fastest growing economy. We are expected to become the world's fifthlargest nation by the end of this year. Our nation is expected to see an investment of atrillion dollars in infrastructure split evenly between public and private sectorresources and is on its way to becoming a five trillion dollar economy over the next fiveyears.

India at an Inflection Point

In the recent elections the mandate received by the Government is anindication that the citizens of our country have voted for stability in support of avision that addresses large segments of the society in a fashion and scale that willradically change India's development trajectory. In an analysis published earlierthis year the World Economic Forum predicted that India would have lifted 2.5 crore morehouseholds out of poverty over the next decade thereby reducing the share to householdsbelow the poverty line to 5%. For a size of our nation these are staggering statisticsand a harbinger of hope and optimism for the entire nation. Undoubtedly there will bechallenges and not all programs may get executed to perfection but there cannot be anydenying the fact that the ambitions of our nation are taking shape in a fashion that istransformative and exciting and India is at an inflexion point.

The Transformation of the Adani Group

For the Adani Group FY18-19 has also been a year of inflexion. Each oneof our six publicly traded Group companies delivered record financial performance and madetangible progress in further consolidating their positions as industry leaders in everysegment we operate in. Each of the Group companies are now growth platforms that whilemutually independent draw upon the management and leadership synergies that exist in theGroup.

Adani Enterprises - The Incubator

The success story of Adani Enterprises Limited (AEL) as an incubatorcontinued as Adani Green Energy Limited (AGEL) and Adani Gas Limited (AGL) were both spunout as publicly listed companies. In parallel

AEL made significant strides in lining up the next set of companiesthat included solar PV manufacturing airport management data center parks waterinfrastructure and defence and aerospace. The portfolio of companies in the AEL baskethas never been stronger and each of these next generation businesses holds tremendouspotential for the future.

Coal Mining & Integrated Coal Management

In line with our vision towards India's energy security theperformance of our Coal Mining (MDO) business remained robust during the year and wecontinued to further strengthen our position as the top coal importer in the country.Also despite the challenges mounted by various groups with vested interests thenecessary approvals for the Carmichael mine project in Australia are all now in placethereby allowing us to start construction. This is a significant testimony to the tenacityof the Adani team in Australia that continued to believe in the project and its benefitsto both India and Australia.

Adani Wilmar

Adani Wilmar continued to get stronger in the edible oil market and itsnational market share today stands at over 22%. With a supply chain that touches over 200million end users Adani Wilmar is now a national consumer driven platform that opens upseveral new opportunities for the future. In addition we also further augmented the muchneeded national grain storage infrastructure to 15 million tons thereby staying true toour promise of doing our part to enable food security for our nation.

Environment Social Responsibility & Governance

Along with our focus on the financial and operational performance weare equally committed to continue to strengthen our corporate governance practices. Inline with this we have implemented a strict policy for related party transactions. Toensure transparency that all transactions are arms length we will include assessments byinternal business teams review through an external agency and a due diligence by anExecutive Committee consisting of Board of Directors. These steps are in addition to theexisting regulatory requirements.

Adani Foundation continues to go about its business of making adifference to the lives of the various communities the Group touches.

Our foundation initiatives now reach across 18 states and 2250villages and towns touching over 500000 families. Along with the growth of the businessit is this goodness that makes our efforts meaningful.

Growth with Goodness

In closing I thank all our stakeholders for their continued supportand conviction in our philosophy of Growth with Goodness. We are committed to continue ourexciting journey of growth with the support and guidance of our customers employeesshareholders bankers governments and the Board. We shall continue to remain an activecontributor to nation building adding value to our product portfolio and exploring newopportunities that contribute to the growth of our business and the nation.

Regards

Gautam S Adani

Chairman