Aditya Narayan

In an exclusive conversation with IANS, Karan Adani outlined the ambitious vision for the Chaudhary Charan Singh International Airport (CCSIA), emphasizing its pivotal role in the region's economic growth. The master plan aims to elevate the airport's capacity to cater to a staggering 38 million passengers annually by 2047-48, a move expected to create employment opportunities for 50,000 to 60,000 individuals.

Highlighting the robust financial standing, the company maintained a significant cash balance of Rs 44,572 crore ($5.4 billion) by the end of December 31, 2023. The core infrastructure segment demonstrated exceptional performance, contributing Rs 66,208 crore ($8 billion) in EBITDA over the last 12 months, marking a notable 35.4 percent increase year-on-year.

Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL), is spearheading the greenfield copper refinery project. The refinery, designed for refined copper production with a 1 million tonnes per annum capacity in two phases, achieved financial closure for Phase-1 through a syndicated club loan in June 2022.

Addressing the Vibrant Gujarat Global Summit, Adani emphasized that this substantial investment is expected to generate a staggering 1 lakh employment opportunities.

This remarkable performance comes after Adani re-entered the list of the top 20 richest people in the world in November, thanks to the rally in Adani Group stocks.

Adani's fortune experienced a remarkable upswing, soaring by over $6 billion during the surge in Adani Group stocks. The positive momentum persisted into the second day, with the majority of Adani Group companies showing gains on Wednesday.

"Our country is now the most exciting land of opportunities. We have always expressed our belief in our growth with goodness philosophy and our track record speaks for itself. Your group will continue to consolidate what it has built while looking at expanding its horizons," Gautam Adani added.