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May 13, 2024

Adani Enterprises to Infuse Rs 80,000 Crore Investment Across New Energy and Infrastructure Ventures in FY25

Adani Enterprises, the flagship firm of the Gautam Adani-led conglomerate with interests ranging from new energy to airports and data centers, is set to embark on a massive investment spree. According to a senior company executive, the conglomerate plans to inject a staggering Rs 80,000 crore across various businesses in the current financial year.

Saurabh Shah, Deputy Chief Financial Officer, revealed during an analyst call that a significant portion of this capital expenditure will be directed towards new energy ventures and airports. He stated that out of the total Rs 80,000 crore, approximately Rs 50,000 crore will be allocated to Adani New Industries Ltd (ANIL) and airport projects.

ANIL, primarily focused on manufacturing solar modules and green hydrogen, is slated to receive substantial funding for expanding its capacities. Shah mentioned that ANIL aims to establish factories capable of producing 10 gigawatts of solar modules along with 3 gigawatts of wind turbines. Additionally, a substantial portion of the investment will be directed towards road infrastructure, including the Ganga Expressway, with a capex of Rs 12,000 crore.

The conglomerate’s diversification efforts also include significant investments in other sectors. Adani Enterprises is gearing up to invest about Rs 10,000 crore in its PVC business and approximately Rs 5,000 crore in data centers. Shah highlighted that the upcoming fiscal year will witness the commencement of the PVC project, while investments in data centers will support the company’s expansion into digital infrastructure.

Looking ahead to FY26, Shah emphasized that further investments will be channeled into the green hydrogen business to kickstart production and downstream activities. Adani Group has already commenced commercial production of wafer and ingots for solar cells and modules in Gujarat and aims to achieve self-sufficiency in polysilicon production by 2027-28.

With ambitions to become India’s leading integrated renewable energy player, the conglomerate is targeting 45 gigawatts of renewable power generation by 2030, a significant portion of which will be produced at the Khavda renewable energy park in Gujarat. By localizing manufacturing capabilities, particularly in polysilicon production, Adani aims to reduce India’s dependence on imported materials, primarily from China.

Moreover, Adani Enterprises Ltd, which operates seven airports across India, is making strides in the aviation sector. The conglomerate is currently constructing a greenfield airport in Navi Mumbai, slated to commence operations by the end of FY25. This new addition to its airport portfolio is expected to significantly boost passenger traffic, further consolidating Adani’s position in the aviation industry.

In summary, Adani Enterprises’ ambitious investment plans underscore its commitment to driving growth across multiple sectors, including new energy, infrastructure, and aviation. With a focus on sustainability and self-reliance, the conglomerate is poised to play a pivotal role in India’s transition towards renewable energy and economic development.

Jhumpa Lahiri

Jhumpa Lahiri

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