Adani Group to invest Rs. 490 bln in Gujarat over 5 years

Group to foray into water and cement businesses

by Gayatri Rohera

Port major Adani Group has committed to invest Rs. 490 billion in Gujarat over the next five years, in various areas such as ports, solar, wind, edible oil and cement businesses, and create 25,000 direct and indirect jobs. This was announced by the company’s chairman Gautam Adani at the inaugural session of the ongoing Vibrant Gujarat Summit 2017.

The investments include Rs. 167 billion to expand capacity of all its ports in Gujarat- Mundra, Dahej, Hazira and Tuna. This includes, two new container terminals to increase the overall capacity and a railway line that would be laid to connect Hazira to the Delhi-Mumbai freight corridor.

The Group will invest Rs. 230 billion in the renewable energy sector, including both solar and wind, by 2021. Besides, it will also expand edible oil manufacturing capacity at Mundra and Ajira by making a combined investment of Rs. 12 billion.

Further, the Group also plans to foray into water and cement businesses by investing Rs. 20 billion to set up a series of desalination plants and Rs. 5.5 billion to build a 10 million tonne cement clinker plant at Mundra.

.

References
1. http://www.financialexpress.com/industry/vibrant-gujarat-summit-2017-adani-group-to-invest-rs-49000-cr-in-gujarat-over-the-next-five-years-says-gautam-adani/503110/
2. http://indianexpress.com/article/business/business-others/vibrant-gujarat-global-summit-by-2021-green-energy-funds-to-hit-rs-23k-crore-adani-4468600/
CMIE STATISTICS
Unemployment Rate
Per cent
6.0 -0.1
Consumer Sentiments Index
Base September-December 2015
97.5 -0.4
Consumer Expectations Index
Base September-December 2015
98.0 -0.6
Current Economic Conditions Index
Base September-December 2015
96.8 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 16 Jun 16 Sep 16 Dec 16
New projects 3.29 1.55 2.29 1.38
Completed projects 2.26 0.90 2.15 0.71
Stalled projects 1.04 1.27 0.35 0.42
Revived projects 0.63 0.38 0.51 0.17
Implementation stalled projects 0.92 0.50 0.57 0.79
Updated on: 20 Jan 2017 9:30AM
Quarterly Financials of Listed Companies
(% change) Dec 15 Mar 16 Jun 16 Sep 16
All listed Companies
 Income -5.1 -0.2 -0.9 2.0
 Expenses -4.8 0.9 -0.4 1.7
 Net profit -2.5 -29.1 -3.3 15.4
 PAT margin (%) 4.7 4.9 6.9 7.1
 Count of Cos. 4,432 4,347 4,297 4,201
Non-financial Companies
 Income -7.8 -2.1 -2.5 0.4
 Expenses -9.2 -3.9 -2.9 -0.3
 Net profit 44.6 4.9 10.3 25.3
 PAT margin (%) 5.5 6.2 7.4 7.0
 Net fixed assets 3.8 -8.6
 Current assets 3.1 8.4
 Current liabilities 10.6 11.2
 Borrowings 6.6 3.3
 Reserves & surplus 7.8 8.4
 Count of Cos. 3,486 3,430 3,398 3,323
Numbers are net of P&E
Updated on: 20 Jan 2017 9:38AM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 11.6 9.0 3.9 -0.2
 Expenses 11.8 9.0 3.9 -0.1
 Net profit -0.1 -3.9 1.5 -11.5
 PAT margin (%) 3.6 3.2 3.3 3.6
 Assets 14.0 12.1 8.8 7.6
 Net worth 9.4 9.3 8.1 6.1
 RONW (%) 6.8 6.1 6.1 5.8
 Count of Cos. 22,526 19,648 18,100 13,336
Non-financial Companies
 Income 10.7 8.5 2.8 -1.6
 Expenses 11.0 8.2 2.9 -2.6
 Net profit -10.6 -5.3 -5.8 15.6
 PAT margin (%) 2.4 2.1 2.2 3.3
 Net fixed assets 13.4 10.4 12.3 10.3
 Net worth 7.6 8.1 6.5 5.1
 RONW (%) 5.4 4.8 4.7 6.3
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.0 1.9 1.9 2.2
 Net working capital cycle (days) 69 69 68 68
 Count of Cos. 17,229 15,331 14,111 10,567
Numbers are net of P&E
Updated on: 20 Jan 2017 9:51AM

Low-base effect, festive season shifts make growth look rosy

Changes in production lag consumption trends

Demonetisation damages recovery prospects