Adani Group Aims for Rs 1.3 Trillion Investment in FY25: CFO

Adani Group

Adani Enterprises and Adani Transmission have already secured shareholder approvals to sell shares to investors. The Adani Group plans to invest Rs 1.3 trillion in FY25 across its various businesses, announced Jugeshinder ‘Robbie’ Singh, the group’s chief financial officer, on Tuesday.

Singh highlighted that the majority of these investments will be directed towards the airport and green energy sectors. The funding plan for these projects includes raising up to $3 billion (Rs 25,000 crore) in equity capital across Adani Enterprises and other group portfolio companies. Additionally, the group plans to refinance $3 billion in debt this year.

During a media briefing, Singh dismissed some of the notices sent by Sebi to group firms last month regarding alleged regulatory lapses as “trivial” in nature.

Regarding the capital expenditure plan, Singh mentioned that out of the Rs 1.3 trillion investment, Adani Green Energy (AGEL) will allocate approximately Rs 34,000 crore. AGEL aims to add 6GW to 7GW of capacity this financial year and is developing a 30 GW renewable energy park in Khavda, Gujarat. The group also intends to raise $500 million in project financing this fiscal year. Singh noted that Adani New Industries (ANIL), Adani Connex, Adani Airports, and ARTL (Roads) will account for 85% of its FY25 capex.

“This year is mostly an asset completion year for us,” Singh said. “We have completed our copper projects and will complete the Navi Mumbai airport by the end of this year or early next year.”

The group plans to invest $100 billion over the next decade in energy transition and infrastructure sectors, with an initial public offering for its airport business scheduled by 2027-28. Singh added that 68% of the funding for the next decade’s investments will come from internal cash flow.

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