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Adani Group intends to invest over ₹1.2 lakh crore in its portfolio companies, including ports, energy, airports, commodities, cement, and media, in the fiscal year beginning April 1. This is part of the group's $100 billion investment plan to expand businesses over the next 7-10 years.
The estimated capital expenditure (capex) for the fiscal year 2024–2025 (April 2024–March 2025) is 40% more than the estimated capex for the portfolio for the same fiscal year, FY24. Analysts expect that during FY24, which ends on March 31, the portfolio will have spent about $10 billion in capital expenditures.
As much as 70% of the planned capex will go into its green portfolio—primarily renewable power, green hydrogen, and green evacuation. Of the remaining 30%, the majority will be spent on airports and ports businesses, they said.
In calendar year 2023, the portfolio delivered a $9.5 billion EBITDA, while its net debt reduced by 4% from March 2023 to September 2023 (balance sheet figures are only declared half-yearly). In the December quarter, Adani's portfolio reported record EBITDA growth of 63.6%, taking its 12-month EBITDA to an all-time high of $9.5 billion in 2023. Increasing cash flows from fast-growing profits have set the stage for mega-scale investments, sources said.
India's largest infrastructure conglomerate, with showcase projects like Navi Mumbai Airport, Ganga Expressway, the world's largest renewable park at Khavda in Gujarat, and Mundra Port, has committed to a $100 billion investment over the next 7-10 years. This investment will be pivotal in transforming India's energy and transportation landscape.
Sources said with a strong emphasis on green energy transition, it will allocate more than 70% of this $100 billion to its green businesses, including renewable power, green hydrogen, and green evacuation transmission lines.
The conglomerate is building the world's largest renewable park at Khavda, Gujarat, spanning over 530 square kilometers. A large portion of total investments is earmarked for expansion and development of its fast-growing airports business and ports business, they said. With a portfolio boasting eight airports including the upcoming Navi Mumbai airport and 14 domestic ports, Adani wants to solidify its presence in these sectors further.
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