In a bold pledge to underpin India’s development and reinforce its own growth engine, Adani Group has announced plans to invest $15–20 billion per year over the next five years across its diversified portfolio. Chairman Gautam Adani made the declaration during the company’s annual general meeting, underscoring confidence in the group’s financial strength—even in the wake of recent legal challenges.
Strategic Growth Across Key Verticals
Adani Group’s future capital allocation will span multiple sectors:
- Power & Renewables
- Target of 100 GW capacity by 2030, combining thermal, solar, wind, and hydro
- Adani Power has surpassed 100 billion units generated; targeting 31 GW by 2030
- Adani Green is building a 50 GW renewable park in Gujarat’s Khavda region
- Energy Infrastructure
- Adani Energy Solutions has secured transmission orders worth ₹44,000 crore and is executing ₹13,600 crore in smart-metering projects
- New Energy & Decarbonisation
- Adani New Industries is rolling out electrolyser and solar module plants, targeting 10 GW production capacity by FY26–27
- Ports & Logistics
- Achieved record cargo volumes at 450 million tonnes in FY25
- Mining & Commodities
- Reached record outputs: 47 million tonnes of coal and iron ore; targeting +30% annual growth
- Cement
- Purchased Holcim India in 2022; cement capacity has already crossed 100 MT, nearing the 140 MT FY28 target
- Airports & Mobility
- Handled 94 million passengers in FY25; pilot flights have begun at the upcoming Navi Mumbai Airport
- Digital Infrastructure
- Built gigawatt-scale renewable-powered data centre corridors
- Urban Infrastructure
- Adani Total Gas reaches 1 million consumers and runs 3,400 EV-charging stations in 22 states
- A flagship Dharavi urban renewal project aims to relocate over 1 million people into modern housing with essential services
Navigating Stormy Waters
This expansion announcement arrives amid scrutiny from U.S. authorities over alleged bribery linked to power contracts. However, Adani emphasized that no individual within the group has been charged under FCPA or related laws, reinforcing the company’s compliance systems.
“When tested by storms and scrutiny, true leadership withstands the fire of crisis,” Adani remarked during his address. He stated: “Our governance is of global standards—non-negotiable.”
Financial Resilience & Performance
Despite past turbulence—including the Hindenburg report and major stock corrections—Adani Group has shown resilience:
| Metric | FY25 Performance |
|---|---|
| Revenues | ₹2,71,664 crore |
| EBITDA | ₹89,806 crore (+8.2%) |
| Net Debt/EBITDA | 2.6× (healthy leverage level) |
This strong financial performance underpins the aggressive capex path planned through 2030.
The Adani Group’s renewed investment blitz signals a transition from reactive defense to proactive expansion. The cumulative $75–100 billion planned over five years is more than a recapitalisation—it’s a deliberate strategy to unlock value across:
- India’s green energy transition
- Continued infrastructure consolidation
- Urban transformation via smart city projects
By doubling down on core sectors like energy, ports, and cement—while pioneering in data centres and urban renewal—Adani aims to cement its role as India’s infrastructure backbone.
What’s Next?
- Major capex announcements across raw material, infrastructure, energy, and urban renewal
- Milestone targets expected in 2030 (100 GW power) and FY28 (140 MT cement)
- First passenger operations at Navi Mumbai Airport
- Legal updates: Await developments from U.S. investigations
