The Adani Group paid ₹74,945 crore in taxes in fiscal year 2024-25, a 29% increase compared to the previous year. This increased amount is not limited to profit tax alone; it includes indirect taxes like GST and contributions to social security funds.
Business: The Adani Group paid a total of ₹74,945 crore in taxes to the central government in fiscal year 2024-25, a 29% increase over the previous year. This figure encompasses not only corporate tax but also indirect taxes such as Goods and Services Tax (GST), customs duty, excise duty, and social security fund contributions for employees. This significant increase reflects the rapid growth in both the Adani Group's business and profits.
Significant Increase in Tax Payments in Fiscal Year 2024-25
The Adani Group paid approximately 30% more tax this year compared to the previous fiscal year, demonstrating its b financial position and commitment to being a responsible corporate citizen. The group's companies performed exceptionally well, particularly in the fourth quarter of 2023-24, leading to this record tax payment.
This substantial tax contribution clearly indicates that the Adani Group has become one of India's top corporate tax payers, playing a crucial role in strengthening the nation's economy and boosting government revenue.
Which Companies are Leading in Tax Payments?
Several key companies within the Adani Group significantly contributed to the tax payments. According to the group's report, the following companies were the highest tax payers:
- Adani Enterprises Limited (AEL)
- Adani Cement Limited (ACL)
- Adani Ports and Special Economic Zone (APSEZ)
- Adani Green Energy Limited (AGEL)
- Adani Energy Solutions Limited
- Adani Power Limited
- Adani Total Gas Limited
- Ambuja Cements Limited
Other Subsidiaries also Contributing
The tax contribution also includes payments from other companies under the Adani Group's control, such as NDTV, ACC, and Sanghi Industries. This further strengthens the group's economic hold and broadens its tax payment scope. A statement released by the group said, "In fiscal year 2024-25, our listed companies contributed a total of ₹74,945 crore in taxes to the central government, a 29% increase compared to the previous year. This reflects our group's economic strength, expansion, and responsibility."
This figure is based on the independent annual financial data of seven major listed companies, representing a comprehensive picture of the group. When this news was released on Thursday, the shares of several Adani Group companies saw a significant surge. Adani Enterprises, Adani Ports, Adani Power, Adani Green Energy, Adani Total Gas, Ambuja Cements, and ACC, in particular, performed bly. Investor enthusiasm increased, and trading volume in these companies' shares rose.
Economic Significance
The substantial increase in the Adani Group's tax payments indicates the success of its business strategies. It also represents a significant contribution to government revenue, providing essential financial resources for public projects and development initiatives. This contribution strengthens the nation's economy and boosts investor confidence. It also positively impacts job creation, industrial expansion, and technological advancements.
The Adani Group has strengthened its presence in sectors such as energy, ports, real estate, and sustainable energy over the past few years. The group's policy is not only to focus on profits but also to fulfill its social responsibilities. This significant increase in tax payments is a vivid example of this policy.
