Adani Group FY24 Tax Payout At Rs 58,104 Cr

As one of India’s largest contributors to the exchequer, we recognise that our responsibility goes beyond compliance. Every rupee we contribute to our nation’s finances reflects our commitment to transparency and good governance - Gautam Adani, Chairman, Adani Group

New Delhi: Ports-to-power conglomerate Adani Group on Sunday said group companies paid Rs58,104 crore in taxes in 2023-24, up from Rs46,610 crore in the previous financial year. The taxes paid include direct contributions like global taxes, duties and other charges borne by Adani portfolio of companies, indirect taxes contributions and duties collected and paid on behalf of other stakeholders, and other levies such as social security contributed for the benefit of the employees.

The conglomerate helmed by billionaire Gautam Adani released its Tax Transparency Reports for financial year 2023-24 (April 2023 to March 2024).

“For financial year 2023-24, Adani Group’s total global tax and other contributions to the exchequer amounted to Rs58,104.4 crore, showcasing a significant increase from the previous year’s Rs46,610.2 crore through its portfolio of listed entities,” it said in a statement. The details are covered in the independent reports published by seven of the group’s listed entities - Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy (APSEZ), Adani Energy Solutions, Adani Power, Adani Total Gas, and Ambuja Cements. 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 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.