Adani Group pays ₹58,104 cr tax in FY24, up 25% from FY23
The Adani Group, one of India’s largest conglomerates, has made significant strides in its tax payments to the Indian government in the financial year 2024. According to a recent statement from the company, its tax payments have increased by nearly 25% to ₹58,104 crore in FY 2024 from the previous year’s ₹46,610.2 crore. This substantial rise in tax payments is a testament to the group’s commitment to contributing to the Indian economy and its growth.
The tax payment includes seven Adani group companies, including three other listed companies—NDTV Ltd., ACC Ltd. and Sanghi Industries Ltd. that are held by these seven companies. This move is seen as a significant step forward in the company’s efforts to maintain transparency and accountability in its financial dealings.
The Adani Group’s tax payment is a significant contributor to the Indian government’s revenue, and its increase by 25% is a welcome development. The government’s coffers have been boosted by this substantial payment, which will help in funding various public expenditure schemes and development projects.
The Adani Group’s commitment to tax payments is in line with its philosophy of being a responsible corporate citizen. The company has always emphasized the importance of paying taxes and contributing to the growth of the Indian economy. The company’s tax payments are a reflection of its commitment to transparency and accountability, and it is an example that other companies should follow.
The Adani Group’s tax payment is also a significant step forward in the company’s efforts to reduce its carbon footprint and contribute to a sustainable future. The company has been actively working on reducing its carbon emissions and has made significant strides in this direction. The company’s commitment to reducing its carbon footprint is in line with the Indian government’s efforts to reduce greenhouse gas emissions and meet its commitments under the Paris Agreement.
The Adani Group’s tax payment is also a significant step forward in the company’s efforts to promote economic growth and development. The company has been actively working on various initiatives aimed at promoting economic growth and development, including infrastructure development, job creation, and skill development. The company’s commitment to these initiatives is in line with the Indian government’s efforts to promote economic growth and development, and it is an example that other companies should follow.
In conclusion, the Adani Group’s tax payment of ₹58,104 crore in FY 2024 is a significant development that reflects the company’s commitment to transparency, accountability, and responsible corporate citizenship. The company’s tax payment is a testament to its dedication to contributing to the growth of the Indian economy and its efforts to reduce its carbon footprint. The company’s commitment to these initiatives is an example that other companies should follow, and it is a significant step forward in the company’s efforts to promote economic growth and development.
Source: https://www.ndtvprofit.com/amp/business/adani-group-tax-payment-rises-25-to-rs-58104-crore-in-fy24
