City
Epaper

Changemakers of India - Gautam Adani

By Lokmat English Desk | Updated: August 9, 2022 21:39 IST

Gautam Adani is a different sort of Indian tycoon. The 60-year-old university dropout and son of a trader is ...

Open in App

Gautam Adani is a different sort of Indian tycoon. The 60-year-old university dropout and son of a trader is a first-generation entrepreneur who has become the world’s fourth-richest man by building and buying critical energy and infrastructure assets at lightning speed.Adani is the president of the Adani Foundation, funded through the Adani Group. It was founded in 1996. Other than Gujarat, the Foundation operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha.

In March 2020, he contributed ₹100 crore (US$13 million) to the PM Cares Fund through his group's philanthropy arm, to fight the Coronavirus outbreak.[28] A contribution of ₹5 crore (US$630,000) was made to the Gujarat CM Relief Fund and ₹1 crore (US$130,000) to the Maharashtra CM Relief Fund.Adani led diversified conglomerate Adani Group imported four ISO cryogenic tanks filled with 80 metric tones of liquid medical oxygen from Dammam in Saudi Arabia to Mundra in Gujarat. The group also secured 5,000 medical-grade oxygen cylinders from Linde Saudi Arabia. In a Twitter post, Adani shared that each day his group is supplying 1,500 cylinders with medical oxygen to wherever they are needed in the Kutch district of Gujarat.[30] In June 2022, Adani has committed to donate Rs 60,000 crore ($7.7 billion) to social causes. Adani's corpus will be administered by the Adani Foundation, making it one of the biggest transfers to a philanthropic trust in India. 

Tags: ChangemakersGautam AdaniIndependence Day 2022
Open in App

Related Stories

BusinessJP Power Shares Surge Nearly 9% After NCLT Clears Adani’s ₹15000 Crore Takeover of Jaiprakash Associates

BusinessJP Power Share Price Surge as Stock Goes Up by 3% After Recent Decline

BusinessJP Power Shares Dip 2% After Gaining 27% Amid Adani Group Takeover Buzz

BusinessJP Power Shares Rise 1% on Reports of Adani Group’s Likely Acquisition of Jaiprakash Associates Limited

BusinessJaiprakash Power Ventures Shares Surge 10% Following Adani Group’s ₹14,535-Crore Acquisition Plan

Business Realted Stories

BusinessMinistry of Social Justice clocks highest-ever Rs 11,810 crore expenditure in FY26

BusinessNitin Gadkari announces highway projects worth over Rs 3,000 crore for five states

BusinessAndhra Minister Nara Lokesh credits Kumaraswamy for Vizag Steel revival​

Business17 Indian-flagged vessels remain in western Persian Gulf: Centre

Business3700 raids conducted across country to wipe out LPG black marketing, says government