Adani Group's Historic Investment Drive: $20 Billion Annually Through 2030

 India – June 24, 2025 – The Adani Group today unveiled an ambitious capital expenditure plan, with Chairman Gautam Adani announcing that the conglomerate intends to invest between $15 billion and $20 billion annually for the next five years across its diverse portfolio. The declaration came during the Adani Group's Annual General Meeting (AGM) 2025, where Adani emphasized the company's strong financial health and its pivotal role in India's infrastructure development.

This significant investment, totaling potentially up to $100 billion over five years, is set to break all previous records for the group's capital expenditure. Adani highlighted that these investments are not merely for the group's growth but are aimed at "doing our part to build India's infrastructure" and serving the "nation's destiny."

Addressing shareholders, Gautam Adani pointed to the group's robust financial performance in the past fiscal year (FY25), with consolidated revenues growing by 7% and EBITDA by 8.2%. He noted a healthy net debt-to-EBITDA ratio of 2.6x, signaling a strong balance sheet despite facing "storms and relentless scrutiny," an apparent reference to past allegations. Adani explicitly stated that no one from the Adani Group has been charged with violating the US Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice.

Key sectors targeted for this massive investment include:

• Renewable Energy: Adani Green Energy is building what Adani described as the "world's largest renewable energy park" in Khavda, Gujarat, visible even from space. The group aims for 50 GW of renewable capacity by 2030 and a combined thermal, renewable, and pumped hydro generation capacity of 100 GW by 2030.
• Power Transmission: Adani Energy Solutions has secured nearly ₹44,000 crore in transmission orders and is executing ₹13,600 crore worth of smart metering projects, preparing India's grids for the future.
• Ports and Logistics: Adani Ports handled a record 450 million tonnes of cargo in FY25, reinforcing its position as a key player in India's trade infrastructure.
• Airports: Adani Airports handled a record 94 million passengers in FY25. The greenfield Navi Mumbai Airport completed its first test flight and is set to open later this year with an initial capacity of 20 million passengers, eventually aiming for 90 million.
• Cement: Following the acquisition of Holcim's India cement business, the group has already achieved 72% of its target to double capacity to 140 million tonnes per annum by FY27-28, having crossed the 100 million tonnes milestone.
• New Industries: Adani New Industries is scaling up the production of electrolyzers and solar modules, aiming for a 10 GW integrated solar module manufacturing facility by the next financial year.
• City Gas and EVs: Adani Total Gas now serves 1 million piped natural gas customers and operates 3,400 EV charging stations across 22 states, contributing to clean energy transition.
• Data Centers: The group has launched gigawatt-scale, renewable-powered data center campuses across multiple states.
• Dharavi Redevelopment Project: Adani highlighted the Dharavi redevelopment as India's "most ambitious urban rehabilitation project," aiming to uplift over 1 million people into a modern township with improved living standards.

Adani's address sought to project confidence and a clear growth trajectory for the conglomerate, emphasizing resilience in the face of challenges and a strong commitment to India's economic progress and infrastructure development.