The Adani Group, led by billionaire Gautam Adani, is set to nearly double its capital expenditure (capex) in the fiscal year 2025. The group plans to increase its capex from Rs 700 billion in FY24 to a staggering Rs 1.3 trillion. This substantial boost aims to support the conglomerate's ambitious growth plans across various sectors including energy, infrastructure, and logistics.

This decision comes amidst a period of robust performance for the Adani Group, with its EBITDA for 2023 rising by 34% to Rs 790 billion. The group's portfolio spans a diverse range of industries from renewable energy to transportation infrastructure, reflecting its strategy to expand its footprint both domestically and internationally.

The significant increase in capex is expected to enhance the group?s capabilities in key areas such as green hydrogen production, solar module manufacturing, and the expansion of its logistics and transportation infrastructure. Additionally, Adani Ports & SEZ aims to handle more cargo, boosting operational capacity and efficiency.

Overall, the Adani Group?s aggressive investment strategy underscores its commitment to driving growth and maintaining its position as a leading player in India?s economic landscape.