Adani’s $8 billion metals foray is hard to fathom

Spread across copper, alumina and iron ore, Adani’s mega investment in a whole new line of business faces multiple challenges.

Over the last couple of years, Gautam Adani’s diversification ambitions have seen his Adani group add airports, hydrogen and roads, among other verticals, to a long list of businesses and emerge as the second most valued conglomerate in the country, with only the Tata group ahead of it. 

Some of these businesses have perplexed people like Bharat Shah, executive director of wealth management firm ASK Investment Managers. Keen to understand the billionaire entrepreneur’s strategy, on 4 May, Shah logged in to the analyst call of Adani Enterprises, the group’s flagship that also incubates its new businesses. “Are we not attempting …

Author

Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

Managing Editor

prince@mailtmc.com

Mumbai