Among the companies of Adani Group led by Gautam Adani, government insurance company LIC has made strong profits. The value of LIC's investment in 7 companies of Adani Group has increased by 70 percent. At the end of financial year 2023, LIC's investment in Adani Group companies was Rs 36089 crore, which has increased to Rs 61657 crore. That means insurance company LIC has made a profit of Rs 25568 crore on its investment in Adani Group companies.
Most profitable in these companies
Among the Adani Group companies in which LIC has invested in the financial year 2024, Adani Green and Adani Ports have seen the biggest jump. There has been a jump of 114 percent in Adani Green. In fiscal year 2023. LIC's investment in Adani Green was Rs 1892 crore, which has now reached Rs 4045 crore. Similarly, the value of LIC's investment in Adani Ports has increased by 113 percent. LIC's investment in Adani Ports in FY 2023 was Rs 10727 crore, the value of which has now increased to Rs 22819 crore.
Investment value increased by 83% in Adani Enterprises
The value of LIC's investment in Adani Enterprises has increased by 83 percent. Whereas Ambuja Cement has given a return of 67 percent. In the financial year 2024, the value of LIC's investment in Adani Group's cement company ACC has increased by 48 percent. However, the least increase in LIC's investment value of 9 and 8 percent has come in Adani Total and Adani Energy respectively. In the financial year 2024, LIC has reduced its stake in some companies of Adani Group.
LIC has reduced its stake in Adani Ports by 1.26 percent, Adani Enterprises by 0.33 percent and Ambuja Cements by 0.61 percent. Hindenburg's report had dealt a major blow to Adani Group companies and there was a sharp fall in the shares of the companies.
