New Delhi: The Bihar Assembly election results were announced on Friday, delivering a decisive mandate to the ruling NDA, which won 202 out of 243 seats. The victory had a notable impact on market sentiment, particularly concerning industrialist Gautam Adani and the Adani Group.
During the elections, Adani’s name surfaced in political discussions after the Bihar government allocated land in Pirpanti, Bhagalpur district for a thermal power plant project to Adani Power Limited. Opposition parties, including Congress, RJD, and CPI (ML), accused the Bihar government and BJP of favoring Adani. Both the BJP and the state government rejected these claims, stating that the project allocation followed due process.
Following the election results, India’s stock markets initially opened lower, but sentiment quickly turned positive as NDA’s overwhelming victory became clear. This surge positively affected the Adani Group’s stock performance: 8 out of 10 Adani Group shares saw gains, while only Adani Green Energy and ACC registered declines.
As a result, Gautam Adani’s net worth rose by $684 million (approximately ₹60.66 billion). According to the Bloomberg Billionaires Index, his total net worth now stands at $91.6 billion, placing him 19th on the global rich list. This year alone, Adani has seen a $12.9 billion increase in his wealth.
For comparison, Mukesh Ambani, chairman of Reliance Industries, ranks 18th with a net worth of $106 billion, having added $15.8 billion this year, including a $548 million gain on Friday.
Conclusion: While Adani’s name stirred political debate during the Bihar elections, the NDA’s resounding victory has translated into a significant boost for the Adani Group, reflecting investor confidence in projects linked to the industrialist and signaling robust market support.
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