New Delhi:

Elon Musk, the charismatic CEO of electric car maker Tesla and rocket manufacturer SpaceX, may become the world’s first trillionaire by 2027, while Indian tycoon Gautam Adani may attain that status in the following year, and Asia’s richest man Mukesh Ambani may do so in 2033, according to an Informa Connect Academy report.

For Elon Musk, the richest in the world with USD 237 billion net worth, to become the world’s first trillionaire needs to grow at an average annual growth rate of 110 per cent, the report said.

Gautam Adani, who is ranked 13th on the world billionaire index with a wealth of just under USD 100 billion, maybe the second trillionaire (net worth equal to at least one trillion US dollars) if his ports-to-power conglomerate was to continue growing at the current 123 per cent average annual rate, it added.

Rival Mukesh Ambani, now ranked Asia’s richest with a networth of USD 111 billion, may achieve the same status in 2033, according to the report.

His oil-to-telecom-and-retail conglomerate is slated to hit trillion-dollar market cap status in 2035. Mukesh Ambani’s Reliance Industries Ltd is the only Indian company projected to hit that mark.

The companies that will hit the trillion-dollar market cap mark include Taiwan’s semiconductor maker TSMC, which has a market cap of USD 893.7 billion now and is expected to achieve that status in 2025.

It will be closely followed by Berkshire Hathaway, pharma giant Eli Lilly, technology company Broadcom and electric automobile firm Tesla.

The report said, “No one in the world has claimed trillionaire status – at least not yet. However, there are some likely candidates. The following are multi-billionaires who will probably become trillionaires sooner or later”.

After Elon Musk and Gautam Adani, NVIDIA founder Jensen Huang, Indonesian mogul Prajogo Pangestu, French businessman Bernard Arnault, and Facebook CEO Mark Zuckerberg come next as prospective trillionaires.

Currently, there are only a handful of companies that have crossed the USD 1 trillion in valuation. This includes Microsoft, Nvidia, Apple, Alphabet, Amazon, Saudi Aramco, and Meta. The most recent case is that of Warren Buffett’s Berkshire Hathaway in late August.

Nvidia also joined the USD 1 trillion club in May 2023 and reached USD 3 trillion in June, becoming the second most valuable company in the world, with Microsoft ahead and Apple behind.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

The move by Adani Green Energy Limited is in step with its January announcement of a plan to redeem the $750 million worth of notes, eight months ahead of the redemption date.
| Photo Credit: The Hindu

Adani Green Energy Limited (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday (September 9, 2024) said it has redeemed $750 million worth of bonds as it deleverages business.

In a statement, the firm said it has completed “redemption of all outstanding $750 million 4.375% Holdco Notes due on September 8, 2024.” The move is in step with its January announcement of a plan to redeem the $750 million worth of notes, eight months ahead of the redemption date.

Adani Green Energy Q1 profit up nearly 95% to ₹629 crore

Issued in September 2021, the three-year Holdco Notes supported AGEL’s high-growth objectives. During the period, AGEL’s capacity has increased more than three-fold — from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48%.

The company had in January stated it would pay $169 million from its reserves and internal accruals, and $300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining $281 million was to come from the initial tranche from a preferential issue of warrants.

That funding was completed with the receipt of the funds under the preferential allotment of ₹9,350 crore ($1.12 billion) to the promoters of the company.

“AGEL’s overall capital management philosophy has remained focussed on long-term value creation through asset development and positioned AGEL as a self-propelled growth engine. It also emphasises the structured approach to accomplish credit metrics akin to investment grade profile for its underlying debt capital raise programme,” the firm said in the statement on Monday (September 9, 2024.)

With this, AGEL is committed to having capital market issuances tailored for long-term infra asset classes supported through the predictable and robust cash flow stream to attain a long curve emulating underlying asset life.

“Over the years, the Capital Management Plan has matured to allow AGEL to have a ‘seasoned’ portfolio with a superior operational asset base supporting the under-construction development. With surplus cash from operating assets augmenting the under-construction projects’ requirement, AGEL’s overall capex programme remains fully funded with such operational assets cash flows and the available construction facility pool,” it said.

In addition, AGEL’s promoters had agreed, in December 2023, to subscribe to a preferential warrant amounting to ₹9,350 crore, out of which, ₹7,013 crore ($835 million equivalent) shall be available with AGEL to fund any accelerated capital expenditure requirements.

“AGEL thanks its investors and lenders for their confidence and its vendor partners, including Adani Infra (India) Limited and Adani Infra Management Services Limited, for their continuous support in achieving the accelerated growth plan, putting AGEL on track to achieve 50 GW of renewable energy capacity by 2030,” it added.

AGEL is India’s largest renewable energy company and develops, owns, and operates utility-scale grid-connected solar, wind, hybrid, and hydro-pumped storage renewable power plants. AGEL currently has an operating renewable portfolio of 11.2 GW, the largest in India, spread across 12 States.

The company has set a target of achieving 50 GW by 2030, aligned to India’s decarbonisation goals.

New Delhi:

Gautam Adani had, in the late 1970s, applied to study at a Mumbai college but his application was rejected. He did not pursue education but turned to business and went on to build a $220-billion empire. About four-and-a-half decades later, he got called to the same college to deliver an address to students on Teachers’ Day.

Mr Adani had moved to Mumbai at the age of 16 and started working as a diamond sorter. Around the same time – in 1977 or 1978 – he applied for admission to the city’s Jai Hind College. “But they rejected him,” said Vikram Nankani, President of the Jai Hind College Alumni Association, as he introduced the Adani Group Chairman before the address.

Mr Adani had applied to Jai Hind College because his elder brother, Vinod, had earlier studied there.

“Fortunately or unfortunately, the college did not accept him and he went on to work full time and pursued an alternative career,” Mr Nankani said, declaring Gautam Adani as a “deemed alumni” since he had applied to join.

After working as a diamond sorter for almost two years, Mr Adani returned to his home state of Gujarat to run a packaging factory managed by a brother.

He never really looked back after he launched his firm in 1998, trading in commodities. Over the next two-and-a-half decades, his companies diversified into ports, mines, infrastructure, power, city gas, renewable energy, cement, real estate, data centres and media.

The infrastructure tycoon, who runs 13 seaports in India and operates seven airports, is the largest private player in power, the biggest renewable energy producer, runs the country’s second-largest cement company, is building expressways and redeveloping Asia’s largest slum, and is described by some as the most aggressive of India’s new generation of entrepreneurs.

Delivering the address ‘Breaking Boundaries: The Power of Passion and Unconventional Paths to Success’, Mr Adani, 62, said he was just 16 when he chose to break his first boundary.

“It had to do with giving up my education and choosing to move to an unknown future in Mumbai. People still ask me, ‘Why did you move to Mumbai? Why did you not complete your education?’ The answer lies in the heart of every young dreamer who sees boundaries not as barriers but as challenges that test his courage.

“I was driven by a need to see if I had the courage to make a life for myself in the most happening city of our country,” he said.

Mumbai was his training ground for business as he learned to sort and trade in diamonds.

“The field of trading makes a good teacher. I learnt very early that an entrepreneur can never be frozen by over-evaluating the choices in front of him. It is Mumbai that taught me ‘To think big, you must first dare to dream beyond your boundaries’,” he said.

In the 1980s, he established a trading organisation for importing polymers to supply to the struggling small-scale industries. “By the time I turned 23, my trading venture was doing well,” he said.

After the 1991 economic liberalisation, he established a global trading house dealing in polymers, metals, textiles, and agri-products. He was just 29 at the time.

“Within two years, we had become the largest global trading house in the country. This is when I understood the combined value of both speed and scale,” he said.

“Thereafter, in 1994, we decided that it was time to go public, and Adani Exports, now known as Adani Enterprises, launched its IPO. The IPO was a strong success and underscored for me the importance of public markets.”

Mr Adani realised that to break the next set of boundaries, he would have to first start by challenging his own status quo and investing in assets to provide a solid foundation.

Marshy Land, Or Canvas?

In the mid-1990s, he was approached by the global commodities trader Cargill for a partnership to manufacture and source salt from the Kutch region in Gujarat.

“While the partnership did not materialise, we were left with about 40,000 acres of marshy land and approval to build a captive jetty at Mundra (in Gujarat) for the export of salt,” he said.

What others saw as marshy barren land, he saw as a canvas waiting to be transformed. That canvas is now by far India’s largest port.

“Mundra today hosts India’s largest port, the largest industrial Special Economic Zone, the largest container terminals, the largest thermal power plant, the largest solar manufacturing facility, the largest copper plant, and the largest edible oil refinery. And yet, we’re only about 10 per cent of what Mundra will eventually become,” he said.

He is now building the world’s biggest renewable energy park in the inhospitable deserts of Kutch and redeveloping Dharavi in Mumbai.

“While we have helped redefine India’s infrastructure across airports, ports, logistics, industrial parks and energy it is not the victories that define us. It is the mindset to take on and overcome challenges that have shaped the Adani Group’s journey,” he added.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Mumbai:

Urging students to dream big, Adani Group Chairman Gautam Adani said on Thursday that the true measure of a leader is not in the titles he achieves but the legacy he leaves behind. 

Addressing a special Teachers’ Day Event, ‘Breaking Boundaries’, at the Jai Hind College in Mumbai, Mr Adani spoke of his journey from the time he decided to leave his education at the age of 16 to becoming the founder of one of the country’s most successful conglomerates, his inspirations, the challenges he has faced, and India’s journey to becoming an economic powerhouse. 

“Consider the early titans of the US industry, such as John D Rockefeller, Cornelius Vanderbilt or Andrew Carnegie, who built the infrastructure that shaped the future of the United States or our own visionary leaders like JRD Tata, GD Birla and Dhirubhai Ambani, who played invaluable roles in transforming India’s economic landscape. These leaders did more than just build businesses, they established legacies… They showed that the true measure of a leader is not in the titles but in the legacies they leave behind,” Mr Adani said. 

‘Challenges, Not Barriers’

Asserting that it is easy to criticise the present, the Adani Group Chairman said history has a way of highlighting the profound contributions of those who dare to break boundaries. 

Recounting his teenage years, Mr Adani said, “I was just 16 when I decided to break my first boundary – giving up my education and choosing to move to an unknown future in the city of Mumbai. People still ask me why I did that, and the answer lies in the heart of every young dreamer who sees boundaries not as barriers but as challenges that test his courage. I was driven by a need to see if I had the courage to make a life for myself in the most happening city of our country.”

The industrialist said Mumbai was a training ground for him in the world of business and that is where he learnt how to trade in diamonds. The city, he said, taught him that to think big, one must first dare to dream beyond one’s boundaries.

Next Phase 

At the age of 19, Mr Adani was asked by his elder brother to help run their PVC film factory near Ahmedabad. He said restrictive import policies posed a challenge to the business and he saw the beginning of transformation in India in the mid-1980s.

“In 1985, under the leadership of Rajiv Gandhi, the country took its first steps towards economic liberalisation. The easing of import policies opened up new possibilities for businesses. Having run our PVC factory, I understood the pains of the small-scale import sector and therefore, despite having no prior experience in trading, I saw an opportunity. I took a leap and established a trading organisation for importing polymers to supply to the struggling small-scale industries,” Mr Adani recalled. 

Highlighting the reforms of 1991, the Adani Group chairman said the year was about the liberalisation of business. “And in 2014, under the leadership of Prime Minister Narendra Modi, the essence of freedom was further accelerated as reforms and good governance took centre stage. All these years stand as turning points in India’s remarkable journey,” he said. 

“Those who dared to break boundaries, capitalised on opportunities and set themselves up for success… Looking back, we were one of them. In every crisis lies the potential for a reinvention, and it is our courage during such moments that defines the path to greatness,” he added. 

Tracing his journey over the years, the Adani Group chairman said he understood the combined value of speed and scale and recognised that the group needed to invest in assets that would provide a solid foundation for growth. 

“I realised that to break the next set of boundaries, I would have to start with challenging my own status quo. The future belongs to those who dare to see beyond the present, who recognise that today’s limits are tomorrow’s starting points,” he said. 

‘Canvas Waiting To Be Transformed’

Speaking about the Mundra port in Gujarat, the Adani Group chairman said that what others saw as barren marshy land was seen by the group as a canvas waiting to be transformed. 

“That canvas is now, by far, our nation’s largest port. Mundra became my ‘karmabhoomi’ and made my vision a reality… a powerful testimony to the fact that what you dream, you create; and what you think, you become. Mundra today boasts of India’s largest port, the largest industrial special economic zone, the largest container terminals, the largest thermal power plants, the largest solar manufacturing facility, the largest copper smelter and the largest edible oil refinery,” Mr Adani said. 

“And yet, we are only 10% of what Mundra will eventually become. It stands as a living monument to the power of integrated business models and the strategic value of adjacencies…  challenging the very concept of core competencies that the West advocates. Over the years, I learnt a vital lesson: the bigger your bets, the bigger are the boundaries you break and the bigger boundaries you break, the lesser is the competition,” he added.

Highlighting the Group’s success in the Khavda renewable energy project, Mr Adani also explained why the Group had taken up the redevelopment of Dharavi.

“For me, Dharavi is not just about urban renewal. It is about restoring dignity to over one million residents of our country. It is about the possibilities when you dare to dream big and act with purpose,” he said.

Global Contender

Mr Adani also spoke about the attack on the conglomerate by the short seller Hindenburg Research and how the group has emerged stronger. 

Reiterating his belief in India’s future, the Adani Group chairman said the country has transformed from a minor player to becoming a formidable global contender. 

“It is well established now that by the end of this decade, India is set to be the world’s third-largest economy. With the government in its third term, India is also positioned to consolidate the several groundbreaking initiatives launched by the government and continue the economic and social programmes that have driven our spectacular journey over the past decade,” Mr Adani said.

“A democracy whose time has come cannot be stopped and India’s time has arrived. The future is ours to create and the boundaries we break today will define the India of tomorrow,” he added. 

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Adani Group chairman Gautam Adani and his wife Priti Adani sought blessings of Saibaba as they offered prayers at the Saibaba temple in Shirdi on Friday. The Chief Executive Officer of Shri Saibaba Sansthan Trust, on behalf of the temple trust, presented a shawl and an idol of Saibaba to Mr Adani.

Shirdi | अदाणी समूहाचे सर्वेसर्वा, उद्योगपती गौतम अदाणी यांनी शिर्डी येथे साई बाबांचे घेतले दर्शन#GautamAdani#Shirdi#AdaniGroup#ndtvmarathipic.twitter.com/8jGqsl8Y3Q

— NDTV Marathi (@NDTVMarathi) August 16, 2024

On Wednesday, Mr Adani shared a video of airport terminals wrapped in the colours of the national flag. The clip was shared on the eve of Independence Day on X (formerly Twitter). 

Sharing the video, Mr Adani wrote, “As our nation celebrates 77 years of freedom, our airport terminals stand tall, wrapped in the proud Tricolour! Far more than just gateways, they symbolise our nation’s soaring spirit, resilience and optimism for a brighter future.” He also tagged the official X page of  Chhatrapati Shivaji Maharaj International Airport, Mumbai. 

As our nation celebrates 77 years of freedom, our airport terminals stand tall, wrapped in the proud Tricolour! Far more than just gateways, they symbolise our nation’s soaring spirit, resilience and the optimism for a brighter future. @CSMIA_Officialpic.twitter.com/66g0DqGYdD

— Gautam Adani (@gautam_adani) August 14, 2024

The official page of Chhatrapati Shivaji Maharaj International Airport also released a video of the “vibrant” Independence Day celebrations. From flag hoisting to dance performances, the clip showcased the spirit of patriotism.

As our nation celebrates 77 years of freedom, our airport terminals stand tall, wrapped in the proud Tricolour! Far more than just gateways, they symbolise our nation’s soaring spirit, resilience and the optimism for a brighter future. @CSMIA_Officialpic.twitter.com/66g0DqGYdD

— Gautam Adani (@gautam_adani) August 14, 2024

The note attached to it read, “Catch a glimpse of the vibrant Independence Day celebrations at #CSMIA, featuring captivating performances by the #CSMIA team and @CISFHQrs, along with stunning cultural showcases by 130 students from NRC School(Kalyan). Wishing everyone a Happy Independence Day!”

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

This investment from Ambuja Cementis “the largest investment in the State by a cement industry player”. File
| Photo Credit: Reuters

Adani Group-owned Ambuja Cement Ltd (ACL) on August 3 announced an investment of around ₹1,600 crore in Bihar to set up a cement grinding unit at Warisaliganj in Nawada district.

The 6 MTPA Warisaliganj cement grinding unit is the company’s first venture in Bihar, which is aggressively expanding its capacity in the country, according to a statement from the Adani Cement entity. “The Warisaliganj Cement Grinding Unit, a standalone facility with an overall capacity of 6 MTPA (million tonnes per annum), will be established at an investment of nearly ₹1,600 crore,” it said.

With this announcement, the billionaire Gautam Adani-led firm has become “the largest investment in the State by a cement industry player”.

“The project will meet the growing infrastructure needs of Bihar, aligning with priorities outlined in the recent Union Budget,” it said.

In the latest Union Budget 2024-25, the Narendra Modi-led government unveiled big-ticket projects for Bihar, proposing a total outlay of over ₹60,000 crore for various projects, including funding for three expressways, a power plant, heritage corridors and new airports and sports infrastructure.

Finance Minister Nirmala Sitharaman announced Centre’s support for the development of three Expressway projects — Patna-Purnea, Buxar-Bhagalpur, and Bodhgaya, Rajgir, Vaishali and Darbhanga, and an additional two-lane bridge over river Ganga at Buxar. These four projects will have a total cost of ₹26,000 crore.

The Adani group firm said it will execute its cement grinding unit project in phases, with the first phase being commissioned by December next year. “The project will be implemented in three phases with first phase of 2.4 MTPA at an investment of Rs 1,100 crore is targeted to be commissioned by December 2025. Adequate provisioning of land for future expansion is in place, which will be commissioned in due course at much lower capex,” ACL said.

The project will be located in Mosama village, Tehsil Warisaliganj, District Nawada, Bihar and the site is well-connected by road and rail network. Moreover, this project will contribute “approximately ₹250 crore per year to the State’s fiscal revenue” and create 250 direct jobs and 1,000 indirect jobs.

Bihar Industrial Area Development Authority (BIADA), the State agency, has already allotted 67.90 acres of land for this cement unit for which environmental clearance has been obtained for work on the site.

Pranav Adani, Managing Director (Agro, Oil & Gas) and Director, Adani Enterprises Limited, said: “We look forward to collaborating with the state government, authorities, and local communities on this and future projects. State government’s support in fast-tracking and provisioning of all permits has made this landmark investment possible in short time.”

Adani Group recently announced the acquisition of Hyderabad-based Penna Cement at an enterprise value of ₹10,422 crore, which will add 14 MTPA, taking its capacity to 93 MTPA. The Group aims to achieve a 140 MTPA capacity by FY28 and is aggressively expanding organically through capacity expansion at the existing units and also going for acquisitions. Through Ambuja, it also controls ACC Ltd and acquired MyHome Industries and Sanghi Industries in 2023.

Ahmedabad:

Gautam Adani, Chairman of the Adani Group, today said he is amazed to see the adoption of Indian culture by Eric Garcetti, the United States Ambassador to India – from drinking kadak chai to savouring chhole bhature.

Earlier in the day, Mr Garcetti visited the Adani Group’s Khavda Renewal Energy Facility in Gujarat, saying it was a learning experience on how the company is helping India advance towards its zero-emissions goals.

In a post on social media platform X, Gautam Adani said he is grateful for the US envoy’s visit to Adani’s 30 GW Renewable Energy site at Khavda, as well as the flagship Mundra Port.

“Invaluable insights on geopolitics, energy transition and India-US relations in an open and candid Q&A with Adanians,” said Gautam Adani.

“Amazing to see his adoption of Indian culture, from kadak chai to celebrating holi, to playing cricket to speaking in Hindi and eating chole bhature every day,” he added.

Grateful to @USAmbIndia for his visit to Adani’s 30 GW Renewable Energy site at Khavda and Mundra Port. Invaluable insights on geopolitics, energy transition and India-U.S. relations in an open and candid Q&A with Adanians. Amazing to see his adoption of Indian culture, from… https://t.co/1oyd5IRF9ypic.twitter.com/ZOCNr2VApr

— Gautam Adani (@gautam_adani) July 16, 2024

The Adani Group is developing the world’s largest renewable energy project of 30,000 MW on barren land at Khavda in Kutch, Gujarat. Built across 538 sq km, it is five times the size of Paris and almost as large as Mumbai city.

“Inspired by my visit to the Khavda Renewal Energy Facility in Gujarat, where I learned about @AdaniGreen’s innovative projects advancing India’s zero-emissions goals,” Mr Garcetti earlier posted on X.

He said that sustainable energy is a cornerstone of environmental stewardship.

“Our bilateral partnership is key to shaping the solutions for a cleaner and greener future for the region and the world,” Mr Garcetti noted.

Inspired by my visit to the Khavda Renewal Energy Facility in Gujarat, where I learned about @AdaniGreen‘s innovative projects advancing India’s zero-emissions goals. Sustainable energy is a cornerstone of environmental stewardship, and our bilateral partnership is key to shaping… pic.twitter.com/ODaK7ipbkU

— U.S. Ambassador Eric Garcetti (@USAmbIndia) July 16, 2024

The commissioning of the first 2 GW at the world’s largest renewable energy plant in Khavda within 12 months of breaking ground has set a record.

Spanning over 8,000 hectares, the Mundra Economic Hub offers investment options as the largest multi-product SEZ, Free Trade and Warehousing Zone (FTWZ) and Domestic Industrial Zone. Mundra, the first port of APSEZ, welcomed its maiden ship in 1998. Since then, the company has built a network of 15 ports and terminals on the east and west coasts of the country. The flagship port Mundra became the first in India to handle 16 MMT cargo in a single month (October 2023).
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Mumbai:

Adani Group Chairman Gautam Adani attended the wedding of the youngest son of Reliance Industries Chairman Mukesh Ambani.

Mr Ambani’s youngest son Anant and fiancee Radhika Merchant, both 29, got married in a grand ceremony at the Jio World Convention Centre in Mumbai.

The wedding ceremony will be followed by ‘Shubh Aashirwad’ on Saturday, and culminate with the Mangal Utsav or wedding reception on Sunday.

Bollywood stars, politicians, international celebrities and other public personalities attended the wedding ceremony.
 

New Delhi:

Indian athletes are set to leave for Paris for the 2024 Olympics, which will be held from July 26 to August 11. The Paris Olympics is expected to draw a large number of Indian visitors. India will be sending close to 120 athletes to Paris, with the hope of getting more medals than the Tokyo Games.

Adani Group Chairman, Gautam Adani, gave a message to the Olympics team, wishing “the very best to the exceptional athletes who will represent India on the world’s grandest sporting stage.”

“As we get ready for the 2024 Paris Olympics, I wish the very best to the exceptional athletes who will represent our nation on the world’s grandest sporting stage. Their relentless riyaaz and unwavering dedication truly embody the new indomitable spirit of India. I am confident that this year, we will achieve our greatest medal haul ever. @AdaniOnlin is immensely honoured to support @WeAreTeamIndia on this remarkable journey. Together, we shall cheer for our champions and eagerly await the echoes of #DeshKaGeetAtOlympics. Jai Hind!” Mr Adani said on X.

As we get ready for the 2024 Paris Olympics, I wish the very best to the exceptional athletes who will represent our nation on the world’s grandest sporting stage. Their relentless riyaaz and unwavering dedication truly embody the new indomitable spirit of India. I am confident… pic.twitter.com/Oi7GsSj8Zb

— Gautam Adani (@gautam_adani) July 8, 2024

The Adani Group is the Principal Sponsor of India’s Olympic team.

Adani Sportsline partnered with Team India for the Commonwealth Games 2022, 2023 Asian Games and 2024 Paris Olympics as the principal sponsor.

Over 100 Indian sportspersons have qualified for the Paris Olympic Games, including an unprecedented 21 shooters.

India has repeatedly asserted its desire to host the Games and found support from International Olympic Committee (IOC) chief Thomas Bach. India will bid to host the 2036 Summer Olympics.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

New Delhi:

Gautam Adani, the Chairman of Adani Group, congratulated the Men in Blue for defeating South Africa by 7 runs in a nail-biting final to clinch the ICC T20 World Cup at the Kensington Oval in Barbados on Saturday.

“Nerves of Steel. What an incredible, nail-biting @ICC Men’s T20 World Cup Final between two powerhouse teams,” Gautam Adani posted on X.

“Congratulations to Team India on their superb win. Our pride in their unwavering spirit and determination shines brightly as India continues to rule the cricketing world,” the Adani Group Chairman added.

Nerves of Steel!!!
What an incredible, nail-biting @ICC Men’s T20 World Cup Final between two powerhouse teams!
Congratulations to Team India on their superb win. Our pride in their unwavering spirit and determination shines brightly as India continues to rule the cricketing… https://t.co/ZfX2YExuT0

— Gautam Adani (@gautam_adani) June 29, 2024

He also posted that it has been a fantastic tournament, with the “USA emerging as a new cricket power”.

The Adani Group also posted from its official X account, saying, “Victory strikes once again.”

Victory strikes once again! Congratulations to the men in blue on becoming champions for the second time. We salute your relentless spirit and passion as the nation celebrates this remarkable win. #INDvSApic.twitter.com/xsaO65ecqv

— Adani Group (@AdaniOnline) June 29, 2024

“Congratulations to the Men in Blue on becoming champions for the second time. We salute your relentless spirit and passion as the nation celebrates this remarkable win,” said the Adani Group.

Earlier, Hardik Pandya’s 3-20 and Jasprit Bumrah’s 2-18 helped an unbeaten India clinch their second title in the shortest format with a seven-run win over South Africa at the Kensington Oval.

Talismanic batter Virat Kohli also stepped up to end his lean run with a 59-ball 76 to help India post a competitive 176/7.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)