Hyderabad, (Thestates.news) |The Adani Group, a global leader in infrastructure development, on Sunday announced the release of its Tax Transparency Reports for the financial year 2023-24.
For the financial year 2023-24, the Adani Group’s total global tax and other contributions to the exchequer amounted to INR 58,104.4 Crore showcasing a significant increase from the previous year’s INR 46,610.2 Crore through its portfolio of listed entities.
The details are covered in the independent reports published by seven of the group’s listed entities—Adani Enterprises Limited, Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Energy Solutions Limited, Adani Power Limited, Adani Total Gas Limited, and Ambuja Cements Limited.The figure also includes the tax paid by three other listed companies—NDTV, ACC, and Sanghi Industries—that are held by the seven companies.
Gautam Adani, Chairman of the Adani Group said “As one of India’s largest contributors to the exchequer, we recognise that our responsibility goes beyond compliance. It is also about operating with integrity and accountability. Every rupee we contribute to our nation’s finances reflects our commitment to transparency and good governance. By voluntarily sharing these reports with the public, we aim to foster greater stakeholder confidence and set new benchmarks for responsible corporate conduct.”
Through this voluntary initiative, the Group aims to demonstrate its commitment to transparency, foster stakeholder trust and contribute to a more accountable global tax environment.
Adani Group considers tax transparency as an integral part of its broader ESG framework.
The group strives to harmonize growth with social responsibility, aiming to transform India’s infrastructure landscape while promoting innovation and creating long-term value for stakeholders.(UNI)
Adani portfolio companies tax contribution reach INR 58,104 crore for 2023-24
