Global leading in infrastructure development, committed to maintaining the highest standards of good governance and to present its transparent functioning to all stakeholders regularly, the Adani Group made the Adani Group as per its established tradition of keeping the interests of stakeholders paramount, financial year 2023 It has released its transparency report on tax payment for -24.
This includes tax paid by Sanghi Industries
The total global tax and other contributions of listed companies listed by Adani group portfolio have increased significantly to Rs 58,104.4 crore for the financial year 2023-24. Last year, the amount was Rs 46,610.2 crore. These details are of seven listed companies of the group – 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 is included in independent reports published by Ambja Cements Limited. The amount includes tax paid by three other listed companies – NDTV, ACC and Sanghi Industries.
We contribute to the financial situation of the country.
Adani Group Chairman Gautam Adani said that transparency is the foundation of faith and it is necessary to maintain confidence for sustainable development. As the largest contributor in India’s treasury, we accept that our responsibility goes beyond compliance with various regulations and includes performing our duties with honesty and accountability. He said that our contribution to our country’s finance shows our commitment to transparency and good governance. Our aim of voluntarily releasing these reports to the public is to increase the confidence of the stakeholders progressively and set a new standard for responsible corporate conduct.
Its goal is to change the scenario of the infrastructure of the nation of India.
Through this voluntary initiative, the goal of the Adani Group is to carry forward their commitment to transparency, confidence stakeholders and contribute to the more responsible global tax environment. With tax transparency as an integral part of its broad ESG structure, Adani group with the ultimate goal of changing the Indian nation’s infrastructure landscape, promoting innovation and creating long-term values for stakeholders as well as development Trys to connect with social responsibility.
Efforts to bring more interest and credibility of stakeholders
It is worth noting that although companies enter a new era of the global tax environment, they are voluntarily publishing tax transparency reports, looking at the future, it is not mandatory. Nevertheless, through the publication of this report, such companies are trying to bring more reliability and comprehensive stake interest, in addition to maintaining the highest standards of tax transparency. For this, the Adani Group has appointed a professional agency to provide independent reports.
