Adani Group reports ₹58,104 crore in tax contributions for FY24, up 24.7% from last year

Adani Group revealed the total tax investment of 58,104.4 Crore for 2023-24 fiscal year, indicating 24.7% growth from 46,610.2 Crore in FY23. The numbers were published as part of the group’s tax transparency, emphasizing its commitment to management and accountability.

The reports cover the tax investments of seven entities listed, including Adani Ports & Sez, Adani Green Energy, Adani Power, Adani Total Gas եւ Ambuja Cements. In addition, tax data on NDTV, ACC and SANGHI industry are included in these companies.

Adani Group President Gautam Adani said that transparency is important for trust and long-term growth.

“Transparency is the basis of trust, and trust is necessary for stable growth. As one of India’s largest investors in Exchaquer, we realize that our responsibility exceeds compliance. This also applies to completeness and accountability. Every rupee, which we contribute to the finances of our nation, reflects our commitment to transparency and good governance. By sharing these reports with the public voluntarily, we aim to promote more confidence in stakeholders and set new benchmarks for responsible corporate behavior. “

Tax Transparency Report (TTR) provides detailed violations of the direct, indirect and other investment of Adani Group.

• Direct investment. Taxes, duties and fees directly paid directly by group companies.
• Indirect investment. Taxes gathered and transferred on behalf of the stakeholders.
• Other investments. Charges related to Social Security and Employees.

The group involved an independent professional agency to ratify the reported tax payments. This initiative is part of ADANI ESG framework, equipping corporate growth by management standards.

Adani Group noted that voluntary tax revelations aim to increase transparency, build an interested confidence and consistent global best practices. Complete reports are available on each company’s website.