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Adani Group Plans To Invest In Fleets Of Passenger Vehicles Now

Adani Group is reportedly planning to invest in passenger vehicle fleets that would be registered as ride-hailing amenities like OLA and Uber, as a means of providing additional traction support at Adani airports in Tier-I cities. Discussions have already taken place between Uber and the Adani Group, which operates seven airports in the country. The two companies, Adani Group and Uber informed about a partnership that will see Adani Airports now have dedicated Uber pickup zones at five of its seven airports, sources said.

“This is part of the Adani Group’s strategy to build complementary offerings that will support the growth of the airport business,” as informed by sources. The Adani Group operates airports in Mumbai, Ahmedabad, Lucknow, Jaipur, Thiruvananthapuram, Guwahati, and Mangalore. Apart from its airport business, the Ahmedabad-based group invests in other companies.

adani group to invest in passenger vehicle fleets for ancillary support to airports

Adani’s company is an expanded body in India that comprises seven publicly traded companies. Adani Group is headquartered in Ahmedabad, Gujarat, India. Over the years, the Adani Group has emerged as a market leader in its portfolio of transport logistics and energy services with a focus on large-scale structure expansion and development in India.

It is the only investment-grade infrastructure issuer in India having four IG-rated businesses. Adani owes its success and leadership to its core philosophy of ‘Nation Building’ guided by ‘Growth with Goodness’ – the guiding principle of sustainable growth.

Industries And Firms Owned By Adani Group – 

Adani Power Limited

Adani Power Limited (APL), part of the diversified Adani Group, is the largest private thermal power producer in India. Adani Power Limited has thermal power plants in states like Maharashtra, Gujarat, Karnataka, Chhattisgarh, and Rajasthan, comprising of a power generation capacity of 12,450 MW.

Adani Enterprises Limited

Over the years, the company has aimed at building stellar infrastructure assets that contribute to nation-building. It is the flagship firm of the Adani Group and one of the largest organizations of business in the nation.  

Adani Ports And Special Zone Limited

Its is present in 13 home ports in the seven coastal regions of  Maharashtra, Gujarat, Goa, Andhra Pradesh, Kerala, Tamil Nadu etc. The port is equipped and has the facility of the latest cargo handling infrastructure at Indian shores. Their ports are equipped to handle a wide variety of cargo, from dry cargo, liquid cargo, and raw goods to containers.

adani group plans to invest in passenger vehicle fleet: report

Adani Wilmar Limited

They are one of the few major FMCG food companies in India that offer most of the cooking essentials for the nation’s consumers, for example – food oil,  rice, wheat flour, sugar, and pulses. Their products are offered under different brands in a wide price range and cater to different groups of customers.

Adani Estate Management Pvt Ltd

With a commitment to bring India to the level of the world’s most advanced countries in terms of employment, quality, and infrastructure, Adani Realty has started development in the most promising cities; integrating the best design aesthetics with cutting-edge construction technology to ensure excellence – a modus operandi that has led us to many successes in a relatively short period. Adani Realty is developing residential, commercial, and social club projects of more than 64 square meters. (approx. 69 million sq ft) in Ahmedabad, Mumbai, Gurgaon, Kochi, and Mundra to revolutionize real estate; keeping in mind the diverse aspirations and lifestyles of the new India.

Adani Total Gas Limited

Adani Total Gas develops City Natural Gas Distribution (CGD) networks to supply Piped Natural Gas (PNG) to Industrial, Commercial, Domestic (Residential), and Compressed Natural Gas (CNG) industries. to the transport sector. Natural gas is a convenient, reliable, and environmentally friendly fuel that gives its customer a sense of safety, comfort, and economic efficiency.

Adani Road Transport Limited

It is a completely possessed subsidiary of Adani Enterprises Ltd (AEL). It is engaged in the development, construction, operation, and management of road and highway projects in the nation. 

adani group to invest in passenger vehicle fleets, in talks with uber

Adani Airports Holdings Limited

Adani Airports has been awarded the mandate to upgrade and monitor six airports of Lucknow, Ahmedabad, Jaipur, Bangaluru, Thiruvananthapuram and Guwahati through a globally competitive tendering process by the Airports Authority of India.

Adani Infra (India) Limited

They believe that challenges are part of their professional life and provide us with an opportunity to excel. They foresee brighter and more exciting times ahead as Team Power overcomes many more milestones. The company believes in the strength of the people, which they have shown on many occasions. It is the workers and employees of the organization who do wonders and will continue to empower the organization to be the best in its work.

Adani Green Energy Limited

It is one of the largest known renewable energy corporations in the nation with a current project portfolio of 20,434 MW. Adani Green Energy Limited is part of Adani Group’s promise to ensure a better, brighter, and cleaner future for the nation.

It operates many solar and wind farm projects and follows the policy of cleaner environment. The electricity generated from the solar and wind energy is then is supplied to state and central government entities and state-aided companies.

Adani Solar 

It is Adani Group’s solar PV manufacturing arm. Adani Solar is a diversified firm of the nation with a joint market capitalization of USD 200 billion comprising 7 publicly traded companies. Their presence in the solar generation sector contributes to India’s climate goals and reinforces its vision of adopting a healthier energy mix. 

Maharashtra Eastern Grid Power Transmission Limited

Eastern Grid Power Transmission Limited, the power transmission industry in India is well poised for growth with an established policy framework, large capacity expansion, and greater opportunities for private participation through competitive bidding.

Vision: To be a world leader in businesses that enrich lives and contribute to national infrastructure through sustainable value creation.

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Company earlier this month signed an agreement with India’s largest independent aircraft maintenance, repair, and overhaul company AirWorks worth Rs 400 crore. The group last year acquired a 74 percent stake in Flemingo Travel Retail and its unit Mumbai Travel Retail, which operate duty-free outlets at major Indian airports.

Uber and Ola are struggling with deliveries as drivers are not returning to their platforms in full numbers after Covid19. “For firms like Ola and Uber, the arrival of a big entrant into the fleet operator segment could be a down hit,” another source said, according to the report. Airport rides are considered the most profitable segment in transportation, according to industry estimates.

edited and proofread by nikita sharma 

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