Adani Group’s Tax Reports Reveal a Massive Financial Contribution to the Nation

Newzdaddy Business Updates

Synopsis of the Article

• The Adani Group has announced its Tax Transparency Reports for the financial year 2023-24, showcasing its commitment to governance and accountability.
• The group contributed a total tax amount of INR 58,104.4 Cr globally, marking a significant increase from INR 46,610.2 Cr in the previous financial year.
• The reports were published by seven listed entities: Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy, Adani Energy Solutions, Adani Power, Adani Total Gas, and Ambuja Cements.
• Taxes from three additional listed companies—NDTV, ACC, and Sanghi Industries—are also included in the total contribution.
• Gautam Adani, Chairman of the Adani Group, emphasized the importance of transparency in building trust and sustainable growth.
• The reports aim to highlight the group’s voluntary commitment to tax transparency and responsible business practices.
• Adani Group views tax transparency as a crucial part of its Environmental, Social, and Governance (ESG) strategy and aims to align corporate success with social responsibility.
• The Tax Transparency Report (TTR) provides a detailed breakdown of the group’s global tax contributions, including direct taxes, indirect taxes, and other social security contributions.
• An independent professional agency has been engaged to ensure credibility in reporting and provide assurance on the group’s contributions to the exchequer.
• The reports for each company can be accessed on their respective websites.

The Adani Group, one of India’s largest infrastructure conglomerates, has taken a significant step towards transparency and good governance by releasing its Tax Transparency Reports (TTR) for the financial year 2023-24. The reports highlight the group’s total global tax contributions, which have risen to INR 58,104.4 Cr, marking a substantial increase from INR 46,610.2 Cr in the previous year.

This initiative demonstrates Adani Group’s commitment to transparency and accountability, setting a benchmark in corporate governance. The tax contributions come from a portfolio of seven key 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
• Ambuja Cements Limited

Additionally, taxes from NDTV, ACC, and Sanghi Industries, which are owned by these seven companies, are also included in the total tax contributions.

Adani Group’s Chairman, Gautam Adani, emphasized that transparency builds trust, which is the foundation of sustainable business growth. He stated:

“As one of India’s largest contributors to the exchequer, we believe our responsibility goes beyond just paying taxes. It’s about maintaining integrity, and accountability, and setting new standards in governance. Every rupee we contribute reflects our dedication to transparency and ethical business practices.”

Through these reports, the group aims to instill stakeholder confidence and foster greater public trust by voluntarily sharing details about its tax payments, even though such disclosures are not mandatory.

ency Report offers a detailed breakdown of Adani Group’s global tax payments and financial contributions, categorized as:

1. Direct Contributions: Taxes, duties, and other financial charges paid directly by Adani’s listed companies.
2. Indirect Contributions: Taxes collected and paid on behalf of other stakeholders.
3. Other Contributions: Social Security payments and contributions made for employees’ benefits.

The group has also engaged an independent professional agency to verify and assure the credibility of its tax disclosures. This ensures that stakeholders receive an authentic and transparent account of the group’s tax payments worldwide.

Adani Group integrates tax transparency into its broader Environmental, Social, and Governance (ESG) strategy. The group strongly believes that responsible tax behavior is not just a compliance necessity but also an ethical obligation that contributes to national development and economic stability.

By voluntarily disclosing its global tax contributions, Adani Group reinforces its commitment to:

• Economic development
• Corporate integrity
• Stakeholder trust
• Responsible business practices

This step aligns the company’s growth with India’s long-term financial health, ensuring that corporate success translates into nation-building efforts.

The detailed tax reports for each of the seven listed companies can be accessed on their respective websites. Stakeholders, investors, and the public are encouraged to explore these reports to understand how Adani Group contributes to India’s economic landscape.

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