Who Owns Adani Power?
Adani Power is owned by Adani Group, an Indian multinational conglomerate. Adani Power is a publicly traded subsidiary of Adani Group, operating as a wholly-owned division. The company is headquartered in Ahmedabad, India.
Parent Company
Adani Group
Founded
1996
Status
Publicly Traded
Headquarters
Ahmedabad, India
Who Owns Adani Power?
- Parent Company: Adani Group
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Adani Power | Adani Group | Wholly owned |
History of Adani Power
- Founded: 1996
- Founders: Adani Group (internal development)
Adani Power was established in 1996 as part of Adani Group's expansion into power generation. The company developed thermal power plants across India, becoming one of the country's major power generators. The establishment of Adani Power marked Adani Group's entry into the energy sector, building on the group's expertise in infrastructure development. This strategic expansion demonstrated Adani Group's ability to leverage its infrastructure development capabilities to enter new business segments and address India's growing energy needs.
Throughout the 2000s and 2010s, Adani Power expanded its generation capacity and developed modern power plants with advanced technologies. The company became known for operational efficiency and reliable power supply, establishing itself as a significant player in India's power generation sector. Adani Power invested in state-of-the-art thermal power plants with supercritical technology to improve efficiency and reduce environmental impact. This focus on modern technology demonstrated Adani Power's commitment to balancing energy generation with environmental responsibility.
Adani Power was listed on the National Stock Exchange, becoming a publicly traded company while maintaining its connection to Adani Group. The listing provided capital for expansion and allowed investors to participate in India's growing power sector. The company has continued to expand its power generation portfolio, including both thermal and renewable energy projects. This public listing represented a significant milestone in Adani Power's development, providing the company with access to capital markets and enhanced visibility among investors seeking exposure to India's power sector growth.
Adani Power has become one of India's significant power generators, with substantial thermal generation capacity and growing renewable energy operations. The company serves both industrial and residential customers, contributing to India's energy security and economic development. Adani Power continues to invest in modernization and expansion to meet India's growing electricity demand. This continued growth demonstrates Adani Power's ability to capitalize on India's economic development and its commitment to supporting the country's energy infrastructure needs while maintaining operational excellence and financial performance.
About Adani Group
What does Adani Group own?
Adani Group operates through multiple separately listed companies covering ports and logistics (APSEZ), airports (Adani Airport Holdings), thermal power (Adani Power), renewable energy (Adani Green Energy), gas distribution (Adani Total Gas), power transmission (Adani Energy Solutions), cement (Ambuja Cements and ACC), agribusiness (Adani Wilmar), and media (NDTV). The group's most recognized consumer brand is Fortune, the edible oil brand operated through Adani Wilmar.
Is Adani Group publicly traded?
Adani Group is not a single publicly traded entity. The group operates through multiple separately listed public companies on India's National Stock Exchange and Bombay Stock Exchange. Each entity, such as Adani Enterprises, Adani Ports, Adani Green Energy, and others, is independently listed and can be purchased by investors.
Who founded Adani Group?
Adani Group was founded in 1988 by Gautam Adani in Ahmedabad, Gujarat, India. Gautam Adani began as a commodity trader before building the group into one of India's largest conglomerates through investments in ports, energy, and infrastructure.
Where is Adani Group headquartered?
Adani Group is headquartered in Ahmedabad, Gujarat, India. The group's flagship company, Adani Enterprises Limited, and most of its operating entities maintain their registered offices and principal operations in Ahmedabad, though the group has operations across India and in several international markets.
Who owns Adani Group?
Adani Group is controlled by Gautam Adani and his family, who hold majority promoter stakes in each of the group's publicly listed entities. The Adani family typically holds between 55% and 75% of shares in each listed entity, with the remaining shares held by institutional investors, foreign portfolio investors, and public shareholders.
What is Adani Group's revenue?
Adani Group does not report consolidated revenue as a single entity. In FY2025 (ending March 31, 2025), the portfolio of listed Adani companies reported record EBITDA of approximately INR 90,000 crore (approximately USD 10.5 billion), with total gross assets of INR 6.1 lakh crore (USD 71.2 billion).
What is the Hindenburg Research controversy?
In January 2023, U.S.-based short-seller Hindenburg Research published a report accusing Adani Group of stock manipulation, accounting fraud, and improper use of offshore entities. The report caused a decline of more than $100 billion in Adani Group market capitalization. The group denied all allegations. The Indian Supreme Court ordered an investigation by SEBI, and in January 2024 dismissed petitions seeking a special investigation team probe.
What is the U.S. indictment against Gautam Adani?
In November 2024, the U.S. Department of Justice unsealed an indictment charging Gautam Adani, his nephew Sagar Adani, and others with conspiracy to pay approximately $265 million in bribes to Indian state government officials to secure solar energy supply contracts. The U.S. SEC filed related civil charges. The Adani Group denied the allegations, and legal proceedings were ongoing as of February 2026.
- Founded: 1988
- Headquarters: Ahmedabad, Gujarat, India
- Company Type: Privately Held
Where Is Adani Power Made / Based?
- Headquarters: Ahmedabad, India
- Manufacturing / Operations: India
Adani Power Ownership: Pros & Cons
Advantages
- +Access to Adani Group's resources and infrastructure network
- +Significant power generation capacity in India
- +Publicly traded status enabling direct investor ownership
- +Stable revenue from long-term power supply contracts
- +Growing renewable energy integration
- +Strategic position in India's energy sector
Considerations
- -Dependency on Adani Group's corporate policies
- -Regulatory oversight of power generation and utilities
- -Competition from other power generators
- -Economic cycles affecting power demand
- -Environmental concerns regarding thermal power
- -Transition pressures toward renewable energy
Frequently Asked Questions About Adani Power
Competitors to Adani Power
No direct competitors found in the same category. This could be because Adani Poweroperates in a unique market segment or we're still building our competitor database.
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