Adani Group to Invest Rs.1.2 Lakh Crore in FY25

20 Mar 2024 CW Team

The projected capital expenditure (capex) for the fiscal year 2024-25 is set to soar by 40 per cent compared to the estimated capex incurred in the previous fiscal year (FY24), according to analysts. In FY24, the portfolio is believed to have incurred a capex of around $10 billion.

These substantial investments will lay the groundwork for exponential profit growth across the Adani Group's business verticals. With a primary focus on fast-growing sectors such as renewable energy, green hydrogen, and airports, the majority of the planned capex, around 70 per cent, will be directed towards the group's green portfolio.

The conglomerate's portfolio has showcased robust financial performance, with a significant uptick in earnings before interest, taxes, depreciation, and amortization (EBITDA). In the calendar year 2023, the portfolio reported a $9.5 billion EBITDA, marking a notable 34.4 per cent year-on-year increase. Moreover, the group's net debt has seen a 4 per cent reduction from March 2023 to September 2023.

The Adani Group's relentless pursuit of growth is underscored by its transformation into the world's second-largest solar power company, largest airport operator, and largest ports and logistics company in India. With landmark projects like the Navi Mumbai Airport and the Khavda Renewable Park in Gujarat, the conglomerate is poised to play a pivotal role in revolutionizing India's energy and transportation landscape.

Emphasizing its commitment to green energy transition, more than 70 per cent of the $100 billion investment projection over the next decade will be allocated to green businesses. Notably, the conglomerate is spearheading the construction of the world's largest renewable park at Khavda, Gujarat, spanning an expansive area of over 530 square kilometers.

With a strategic focus on expansion and development, particularly in the airports and ports sectors, Adani Group aims to further solidify its position as India's largest infrastructure conglomerate. With eight airports under its belt, including the upcoming Navi Mumbai airport, and a network of 14 domestic ports, the conglomerate is poised to drive significant growth and innovation in these critical sectors.

In a significant move to fuel growth across various sectors, the Adani Group is gearing up to invest more than ?1.2 lakh crore (approximately $14 billion) in its portfolio companies in the fiscal year starting April 1. This ambitious investment drive comes as the conglomerate aims to double down on its $100 billion investment projection over the next 7-10 years to propel its diverse businesses, sources revealed. The projected capital expenditure (capex) for the fiscal year 2024-25 is set to soar by 40 per cent compared to the estimated capex incurred in the previous fiscal year (FY24), according to analysts. In FY24, the portfolio is believed to have incurred a capex of around $10 billion. These substantial investments will lay the groundwork for exponential profit growth across the Adani Group's business verticals. With a primary focus on fast-growing sectors such as renewable energy, green hydrogen, and airports, the majority of the planned capex, around 70 per cent, will be directed towards the group's green portfolio. The conglomerate's portfolio has showcased robust financial performance, with a significant uptick in earnings before interest, taxes, depreciation, and amortization (EBITDA). In the calendar year 2023, the portfolio reported a $9.5 billion EBITDA, marking a notable 34.4 per cent year-on-year increase. Moreover, the group's net debt has seen a 4 per cent reduction from March 2023 to September 2023. The Adani Group's relentless pursuit of growth is underscored by its transformation into the world's second-largest solar power company, largest airport operator, and largest ports and logistics company in India. With landmark projects like the Navi Mumbai Airport and the Khavda Renewable Park in Gujarat, the conglomerate is poised to play a pivotal role in revolutionizing India's energy and transportation landscape. Emphasizing its commitment to green energy transition, more than 70 per cent of the $100 billion investment projection over the next decade will be allocated to green businesses. Notably, the conglomerate is spearheading the construction of the world's largest renewable park at Khavda, Gujarat, spanning an expansive area of over 530 square kilometers. With a strategic focus on expansion and development, particularly in the airports and ports sectors, Adani Group aims to further solidify its position as India's largest infrastructure conglomerate. With eight airports under its belt, including the upcoming Navi Mumbai airport, and a network of 14 domestic ports, the conglomerate is poised to drive significant growth and innovation in these critical sectors.