Saurabh Shah, Deputy Chief Financial Officer (CFO) of Adani Enterprises, stated that the company plans an Rs 80,000 crore capital expenditure (capex) in FY25, with Rs 50,000 crore allocated towards the new energy ecosystem and the airports business. To fund its green hydrogen initiatives, the company intends to raise funds through the qualified institutional placement (QIP) route as soon as possible. “We are looking to fast-track our green hydrogen efforts, so we aim to complete the QIP at the earliest,” Shah said. He assured analysts that capex plans for airports, roads, data centers, PVC, and copper businesses are fully funded.
“Except for Adani New Industries, where ongoing capex is involved, Adani Industries is generating substantial cash flow from new expansions. We will have enough cash for the equity portion for at least another 1-2 years. The significant equity requirement for Adani New Industries will be met through the QIP program,” Shah explained.
According to a separate report by Reuters on Wednesday, the company is likely to launch a $1 billion share sale by mid-September, quoting three sources with direct knowledge of the matter. Additionally, on Monday, Adani Energy Solutions, a group company, announced it had raised $1 billion via QIP, with a demand approximately six times from global long-only investors and domestic mutual funds.
In May, Shah had highlighted the company’s extensive capex plans, emphasizing that the new energy ecosystem and airports business would account for a major portion of the Rs 80,000 crore planned expenditure in FY25.
