Adani Group is investing over Rs 1.2 lakh crore (about USD 14 billion) through its portfolio of 11 listed companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, sources said.
The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurred in FY24.
Sources said with strong emphasis on green energy transition, it will be allocating more than 70 per cent of this USD 100 billion to its green businesses including renewable power, green hydrogen, and green evacuation transmission lines.
Of the remaining 30 per cent, the majority will be spent towards airports and ports businesses, they said.
The conglomerate is building the world’s largest renewable park at Khavda, Gujarat, spanning over 530 square kilometers – an area five times the size of the city of Paris.
According to analysts, the portfolio is estimated to have incurred a capex of around $10 billion in FY24 that ends on March 31. Sources said these investments will set the stage for exponential profit growth.
The group had previously guided a USD 100 billion capex over the next 7-10 years. Most of this investment is going to go into group fast growing businesses — renewable, green hydrogen and airports.
Today, Adani Group is the world’s second largest solar power company, it is the largest airport operator with 25 per cent of passenger traffic and 40 per cent of air cargo, the largest ports and logistics company with 30 per cent of national market share, largest integrated energy player, and the country’s second largest cement manufacturer.
India’s largest infrastructure conglomerate with showcase projects like Navi Mumbai Airport, Ganga Expressway and Mundra Port has committed a USD 100 billion investment over the next 7-10 years. This investment will play a pivotal role in transforming India’s energy and transportation landscape.
With a portfolio boasting eight airports including the upcoming Navi Mumbai airport and 14 domestic ports, Adani wants to further solidify its presence in these sectors.
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