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Adani says got no special favours from Modi

New Delhi: With political parties using him as punching bag in the highly charged election campaign, Adani Group head Gautam Adani today said he got no special favours from Narendra Modi and his group has

PTI Published : Apr 27, 2014 13:01 IST, Updated : Apr 27, 2014 15:44 IST
Adani Group, he said, has worked with state governments in Rajasthan, Maharashtra, Chhattisgarh, Odisha and Haryana for acquiring land for projects.

A school dropout, Adani moved to Mumbai at the age of 16 to try luck.

He initially dabbled in diamond trade before returning to his home state Gujarat to run a small plastic factory owned by his brother.

Eventually, he set up his own import and export business, Adani Enterprises in 1988. Few years later he borrowed heavily and invested in Mundra's vast swathes of marshy wasteland to build India's largest port.

In Mundra, Adani also built India's largest privately-owned power plant, producing 4,620 MW of power, and a 64-km railway connecting the port to railway network.

Adani has also gone abroad, including buying mines, ports, and railways in Australia and Indonesia.  

Adani plans to double his group size by 2020. Mundra port capacity will be doubled to 200 million tons; electricity generation capacity will be raised from 8,620 MW to 20,000 MW and the group will mine 200 million tons of coal.

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