Adani Group to Invest Rs.1.2 Lakh Crore in FY25
ECONOMY & POLICY

Adani Group to Invest Rs.1.2 Lakh Crore in FY25

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.

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.

Next Story
Infrastructure Urban

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ exten..

Next Story
Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

Next Story
Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000