Adani Enterprises, the flagship firm of the billionaire Gautam Adani-led group with diverse interests ranging from new energy to airports and data centers, is gearing up to allocate ₹80,000 crore across its various businesses in the ongoing financial year, as per a senior company executive.
The bulk of this planned capital expenditure for the fiscal year 2024-25 will be directed towards the new energy sector and airports, disclosed Saurabh Shah, the deputy chief financial officer, during an analyst call. He emphasized that Adani New Industries Ltd (ANIL) and airports businesses would account for approximately ₹50,000 crore of this capex.
ANIL, responsible for manufacturing solar modules and producing green hydrogen, will see significant investments aimed at expanding its capacity. Shah outlined the company’s ambitions to establish factories capable of producing 10 gigawatts of solar modules and 3 gigawatts of wind turbines.
In addition to the new energy segment, substantial investments are also planned for road infrastructure, particularly for the Ganga Expressway project, which is expected to necessitate a capex of around ₹12,000 crore. Furthermore, Adani Group intends to channel approximately ₹10,000 crore towards its PVC business and allocate around ₹5,000 crore for data center infrastructure.
Looking ahead to the fiscal year 2025-26, the company anticipates additional capex requirements to support the growth of its green hydrogen business and downstream products. Adani Group has recently commenced commercial production of wafer and ingots for solar cells and modules at its facility in Gujarat, with plans to venture into polysilicon production by 2027-28.
With a target of generating 45 gigawatts of renewable power by 2030, a significant portion of which will be produced at the Khavda renewable energy park in Gujarat, Adani Group is poised to play a pivotal role in India’s renewable energy landscape.
Moreover, Adani Enterprises, which operates seven airports across the country, is making strides in airport infrastructure development. The construction of a greenfield airport in Navi Mumbai is underway, with operations expected to commence by the end of FY25. This addition to the airport portfolio is anticipated to drive a substantial increase in passenger traffic, further consolidating Adani’s position in the aviation sector.
