TFP Bureau, Ahmedabad, February 2025: In a move that reinforces its dedication to transparency and responsible governance, the Adani Group has unveiled its Tax Transparency Reports for the financial year 2023-24. The group, a global leader in infrastructure development, announced that its total global tax and other contributions to the exchequer for the year amounted to INR 58,104.4 Cr, marking a notable increase from the previous year’s total of INR 46,610.2 Cr.
The tax contributions are detailed in independent reports from 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. Additionally, the tax paid by three other listed companies—NDTV, ACC, and Sanghi Industries—held by the aforementioned entities is also included in the total amount.
Gautam Adani, Chairman of the Adani Group, emphasized the importance of transparency in corporate governance: “Transparency is the foundation of trust, and trust is essential for sustainable growth. Every rupee we contribute to our nation’s finances reflects our commitment to transparency and good governance,” he said. “By voluntarily sharing these reports, we aim to foster greater stakeholder confidence and set new benchmarks for responsible corporate conduct.”
The Tax Transparency Report (TTR) offers a comprehensive breakdown of the Adani Group’s global tax contributions, including direct contributions such as taxes, duties, and other charges borne by the company, indirect contributions like taxes and duties collected on behalf of other stakeholders, and other contributions like social security payments for employees.
This voluntary disclosure is part of the group’s broader Environmental, Social, and Governance (ESG) framework, demonstrating its dedication to ethical business practices, social responsibility, and long-term value creation. Adani Group’s initiative seeks to set new standards for tax transparency and foster a more accountable global tax environment.
The independent assurance report, which provides further details on the group’s tax compliance and practices, is included in the Tax Transparency Reports. This initiative reflects the group’s commitment to strengthening the economic development of India while promoting transparency in tax reporting.
The detailed reports for each of the seven companies are available on their respective corporate websites.
