Adani Group’s company Adani Sportsline has become the official partner of the Indian Olympic Association (IOA) for the upcoming Birmingham Commonwealth Games 2022, Hangzhou Asian Games 2022 and Paris Olympic Games 2024. This is the second time that the Adani Group is going to sponsor IOA. Even before this, the Adani Group company has sponsored IOA during the Tokyo Olympics in 2021.
Commenting on the deal, Pranav Adani, Director, Adani Enterprises Limited said, “It is our privilege to support the journey of our athletes making India proud. We celebrate this journey through our initiative #GarvHai. The IOA’s engagement expresses our wide support for the Indian contingent.
This partnership is an extension of the Adani Group’s sports portfolio focused on building a world-class ecosystem to nurture sports talent, spur the sports economy and play a driving role in India’s journey to become a leading sports nation. Is. “Corporate partnerships will help budding sports stars, making India a truly sporting nation,” IOA Secretary General Rajeev Mehta said in a statement.
Adani Sportsline also has teams across Indian and global platforms including Pro Kabaddi League, Ultimate Kho-Kho League, Big Bout Boxing League and International League T20 (Cricket). It also organizes the annual Adani Ahmedabad Marathon.
Adani Sportsline is a sports company of the Adani Group. Adani Group’s business is spread across sectors like ports, airports, power, infrastructure, power generation and transmission, mining, natural gas, FMCG, cement and green energy.
Significantly, on 15 May 2022, Adani Group bought India’s cement business from Switzerland’s Holcim Group for $10.5 billion (81,000 crore). This was the largest acquisition ever in India’s infrastructure and materials sector. After this Adani Group has got control of the country’s famous cement companies Ambuja and ACC. At present the Adani Group is the second largest cement producer in the country with a production capacity of 66 million tonnes per annum.
Over the past 8 years, the Adani Group has acquired over 30 companies in various sectors including power, green energy, infrastructure, airports and food processing.