Adani group to rise capital expenditure to $15.6b for FY25

Adani Group, a leading Indian conglomerate with interests in ports, power, and infrastructure, announced on Tuesday plans to significantly increase capital expenditure in fiscal year 2025 (FY25).

The group’s Chief Financial Officer, Jugeshinder Singh, revealed plans to invest 1.3 trillion rupees ($15.6 billion) in FY25, marking a substantial jump from the 700 billion rupees ($8.4 billion) allocated in the previous fiscal year.

Adani Green Energy, the group’s renewable energy arm, will spearhead this investment push. Singh outlined plans to dedicate 340 billion rupees ($4.1 billion) to add six gigawatts (GW) of renewable energy capacity.

Gautam Adani, Adani Group Chairman, expressed confidence on Monday in the group’s capacity to seize opportunities in India’s thriving infrastructure sector, which is expected to experience a compound annual growth rate (CAGR) of 20-25 per cent.