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India’s richest man to get richer if energy companies report strong quarter

While the Adani corporation has been growing steadily for 25 years, its chairman's wealth has increased dramatically in recent months.

Gautam Adani, Chairman of Adani Group (Wiki commons)

This week, Adani Ports and Special Economic Zone (SEZ), Adani Green Energy, and Adani Enterprises—three of Gautam Adani's six infrastructure, energy, and utility companies—are reporting earnings. If the quarterly results of businesses operating in similar sectors are any indicator, Adani, who is currently Asia's richest person, may be on track to become one of the world's wealthiest billionaires.

As trade volumes fully recovered from pandemic lockdowns on Nov.1 2022, Adani Ports and SEZ, India's largest private port operator and an end-to-end logistics provider, which accounts for 25 percent of the cargo movement in the nation, already outperformed analyst estimates.

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