"Adani Enterprises Announces ₹80,000 Crore Investment for Current Fiscal Year"

Adani Enterprises, the flagship entity of the Gautam Adani-led conglomerate, is gearing up for a substantial investment spree, earmarking an estimated ₹80,000 crore across various sectors in the current financial year. Senior company executive Saurabh Shah revealed these ambitious plans during an analyst call, the transcript of which was recently released.

The lion's share of this massive capital expenditure is slated for deployment in new energy ventures and airport infrastructure. Shah indicated that approximately ₹50,000 crore will be channeled into Adani New Industries Ltd (ANIL) and airport businesses. ANIL, primarily focused on solar module manufacturing and green hydrogen production, is set to receive a significant portion of this investment.

Furthermore, a substantial portion of the planned expenditure will be directed towards road projects, particularly the Ganga Expressway, with an estimated outlay of ₹12,000 crore. Additionally, significant investments are earmarked for the PVC business, data centers, and other strategic ventures.

Shah outlined ANIL's ambitious targets, including plans to establish factories capable of producing 10 gigawatts of solar modules and 3 gigawatts of wind turbines. Looking ahead to FY26, additional investments are earmarked for kickstarting the green hydrogen business and related downstream products.

Adani Group's foray into renewable energy production is gaining momentum, with the commencement of commercial production of wafer and ingots for solar cells and modules at its Gujarat factory. The conglomerate aims to achieve further milestones, including the production of polysilicon by 2027-28, positioning itself as India's first integrated renewable energy player.

With a vision to generate 45 gigawatts of renewable power by 2030, the group is strategically developing the Khavda renewable energy park in Gujarat, aiming to leverage local manufacturing capabilities to reduce reliance on imported polysilicon, particularly from countries like China.

Operating seven airports across the country, Adani Enterprises is also progressing on the construction of a greenfield airport in Navi Mumbai, targeting commencement of operations by the end of FY25. The addition of this new airport is expected to significantly augment passenger traffic, further solidifying Adani's presence in the aviation sector.

HBL