Adani Group Increases Tax Payments by 29%, Approaching Rs 75,000
Adani Group has reported a significant increase in its tax contributions for the fiscal year 2024-25, totaling nearly Rs 75,000 crore. This figure represents a 29% rise from the previous year, highlighting the group’s commitment to fiscal responsibility. The contribution, which includes various forms of taxes and social security payments, underscores the group’s substantial role in the Indian economy.
Tax Contributions Breakdown
In its recent announcement, Adani Group revealed that its listed companies contributed Rs 74,945 crore to the exchequer during FY2024-25. This marks an increase from Rs 58,104 crore in FY2023-24. The total tax contribution consists of Rs 28,720 crore in direct taxes, Rs 45,407 crore in indirect taxes, and Rs 818 crore in other contributions. Notably, this amount is comparable to the construction cost of Mumbai’s entire Metro network, which serves millions of commuters daily. Additionally, it could fund a modern Olympic event, showcasing the scale of the group’s financial impact.
Key Contributors Within the Group
Among the publicly listed companies under the Adani Group, several entities stand out as major contributors. These include Adani Enterprises Limited, Adani Cement Limited, Adani Ports and Special Economic Zone, and Adani Green Energy Limited. The group’s statement emphasized that the tax contributions reflect the performance of its portfolio of listed entities. Furthermore, the figures also account for taxes from three additional listed companies—NDTV, ACC, and Sanghi Industries—owned by the primary entities. This comprehensive approach illustrates the group’s extensive reach and influence across various sectors.
Commitment to Transparency and Accountability
Adani Group has made transparency a cornerstone of its operations, particularly regarding tax contributions. The group has published a document titled ‘Basis of Preparation and Approach to Tax’ on the websites of its seven listed entities. This document provides detailed insights into the group’s global tax contributions, including direct taxes, indirect taxes collected on behalf of stakeholders, and additional contributions such as employee social security benefits. The group’s commitment to tax transparency aligns with its broader Environmental, Social, and Governance (ESG) framework, aiming to foster stakeholder trust and contribute to a more accountable global tax environment.
Future Outlook and Social Responsibility
Looking ahead, Adani Group aims to harmonize its growth with social responsibility. The group is focused on transforming India’s infrastructure landscape while promoting innovation and creating long-term value for its stakeholders. By prioritizing tax transparency and accountability, the Adani Group seeks to demonstrate its commitment to responsible business practices. This approach not only enhances its reputation but also reinforces its role as a key player in the Indian economy, contributing to sustainable development and social progress.
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