Ahmedabad, June 5 (IANS) The Adani Group's total contribution to the exchequer increased by 29 per cent to Rs 74,945 crore in fiscal year 2025, from Rs 58,104 crore in FY24, through its portfolio of listed entities, it announced on Thursday.
Of the total contribution of Rs 74,945 crore, direct contributions stood at Rs 28,720 crore, indirect contributions at Rs 45,407 crore, while other contributions at Rs 818 crore, the company said in a statement.
To put it in perspective, Rs 74,945 crore is roughly the cost of building the entire Mumbai Metro network - an infrastructure lifeline for millions of people. It's also nearly enough to host a modern-day Olympics.
Among its publicly listed entities, the leading contributors include Adani Enterprises Limited (AEL), Adani Cement Limited (ACL), Adani Ports and Special Economic Zone (APSEZ), and Adani Green Energy Limited (AGEL).
According to the Group, the details are covered in the independent annual reports published by seven of the group's listed entities - Adani Enterprises Limited, Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Energy Solutions Limited, Adani Power Limited, Adani Total Gas Limited, and Ambuja Cements Limited.
The figure also includes the tax paid by three other listed companies, NDTV, ACC and Sanghi Industries, which are held by the seven companies.
The group has also published a document titled 'Basis of Preparation and Approach to Tax' on the websites of its seven entities, which provides a complete breakdown of Adani Group’s global tax and other contributions.
It includes direct contributions like global taxes, duties and other charges borne by Adani portfolio of companies; indirect contributions like global taxes and duties collected and paid on behalf of other stakeholders; and other Contributions like social security etc, contributed for the benefit of the employees.
Adani Group said it considers tax transparency as an integral part of its broader ESG framework.
"Through this voluntary initiative, the Group aims to demonstrate its commitment to transparency, foster stakeholder trust and contribute to a more accountable global tax environment. The group strives to harmonise growth with social responsibility, aiming to transform India's infrastructure landscape while promoting innovation and creating long-term value for stakeholders," it emphasised.
The Group engaged a professional agency to provide an independent assurance report on its global contribution to the exchequer.
--IANS
na/svn
-
Norway Chess 2025: D Gukesh takes down Wei Yi for his fourth win, reaches second spot in tournament standings
-
Kyle Pitts faces crossroads as once-promising phenom struggles with injuries, trade whispers, and unmet expectations
-
HT Kick Off: June can be a tricky window
-
Cameron Johnson emerges as Brooklyn’s lone star, redefining his game and trade value in NBA’s elite arena
-
Steven Adams towers as Houston’s heartbeat but could Los Angeles poach their rebounding colossus?
