ADANI GROUP'S TAX RISES TO RS 58,104 CR IN FY24

The Adani Group has released its Tax Transparency Reports for FY 2023-24, detailing 58,104.4 crore in global tax contributions.

- 

The Adani Group, a major leader in infrastructure development, has released its Tax Transparency Reports for the fiscal year 2023-2024. According to the release by the group, for the financial year 2023-24, the Adani Group’s total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore, showcasing a significant increase from the previous year’s Rs 46,610.2 crore through its portfolio of listed entities. The details are covered in the independent 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 tax paid by three other listed companies--NDTV, ACC and Sanghi Industries--that are held by the seven companies. “Transparency is the foundation of trust, and trust is essential for sustainable growth,” said Gautam Adani, Chairman of the Adani Group. “As one of India’s largest contributors to the exchequer, we recognise that our responsibility goes beyond compliance. It is also about operating with integrity and accountability.