Adani Enterprises Ltd FY23 Results

Adani: A World Class Infrastructure & Utility Portfolio Flagship adani Infrastructure & Utility Core Portfolio I Incubator (69.2%) AEL Primary Industry Energy & Utility Transport & Logistics Materials, Metal & Mining I (57.2%) (71.7%) (61.0%) (100%) (63.2%) AGEL ATL APSEZ NQXT1 Cement³ Renewables T&D Ports & Logistics I I I (37.4%) ATGL² (75.0%) (100%) APL I PVC Gas Discom IPP (100%) I (100%) ANIL New Industries (50%) AdaniConneX³ Data Centre I (100%) (100%) AAHL Airports ARTL Roads Copper, Aluminum (100%) Mining Services & Commercial Mining Emerging B2C Direct to consumer (44.0%) AWL Food FMCG (100%) ADL Digital (%): Promoter equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries adani A multi-decade story of high growth centered around infrastructure & utility core 1. NQXT: North Queensland Export Terminal | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. Data center, JV with EdgeConnex, AEL: Adani Enterprises Limited; APSEZ: Adani Ports and Special Economic Zone Limited; ATL: Adani Transmission Limited; T&D: Transmission & Distribution; APL: Adani Power Limited; AGEL: Adani Green Energy Limited; AAHL: Adani Airport Holdings Limited; ARTL: Adani Road Transport Limited; ANIL: Adani New Industries Limited; AWL: Adani Wilmar Limited; ADL: Adani Digital Limited; IPP: Independent Power Producer 4. Cement business includes 63.15% stake in Ambuja Cement which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited 5

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