Gautam Adani is the second richest person in Asia, property increased by 3.15 lakh crore in a single year
Giving an important information, Adani Enterprises, the main company of India’s second richest man Gautam Adani, told Stall Exchange on Saturday that a new company of wholly owned company has been set up by the Adani Group in the name of Adani Cement. During the company’s filing, Adani Enterprises stated that Adani Cement has an authorized share capital of Rs 10 lakh. There are 50 thousand equity shares in the new company, the price of which is Rs.10.
Adani Cement has got its registration done with the Registrar of Companies on 11th June. However, the company has not started its business yet, as it does not have any turnover as of now. As per the information provided by Adani Enterprises, Adani Cement will manufacture and sell all types of Cement. According to market experts, Gautam Adani has entered the cement sector to utilize the capital expenditure incurred by the central government. According to experts, the company may soon take over smaller companies through ports and airports.
The company will compete with companies such as ACC Cement, Lafarge, JK Cement, JK Lakshmi Cement and Ambuja Cement in this segment. With the inception of this company, Adani Group’s business has now expanded from FMCG to airport and power transmission to cement.
Let us tell you that the year 2021 has proved to be very good for Gautam Adani. In the year 2021, the shares of Adani Group company have seen a lot of boom, due to which Gautam Adani’s wealth also increased significantly. In a single year, Adani’s wealth had seen an increase of 3.15 lakh crores and now he has also become the second richest person in Asia.