Adani Group unveils $100 billion investment plan to power India’s next infrastructure wave
The Adani Group has revealed its plans to invest between USD 15–20 billion annually over the next five years. The step has been described by the company as the next phase of its expansion across energy, infrastructure, logistics, and urban transformation projects in India.
Outlining the group’s future strategy at its Annual General Meeting on Tuesday, Chairman Gautam Adani highlighted the conglomerate’s plans to scale up renewable and conventional power generation to a combined capacity of 100 gigawatts by 2030. This includes building the world’s largest renewable energy park at Khavda, Gujarat, alongside ambitious targets in data centres, green hydrogen, city gas, transmission, and smart metering projects.
The group, which operates in sectors spanning seaports, airports, cement, energy, and natural resources, posted consolidated revenues of ₹2,71,664 crore and an adjusted EBITDA of ₹89,806 crore in FY25. Its net debt-to-EBITDA ratio remained healthy at 2.6x, underscoring what Adani called the group’s “resilience through adversity.”
Despite recent controversies, including allegations by US authorities in connection with renewable energy supply contracts, the group reaffirmed its commitment to governance and compliance standards, maintaining that no charges have been filed against it under US regulations. Adani described the period as a test of leadership through crisis, adding that the group’s recovery and record earnings reflect its operational strength.
Key operational highlights included Adani Power crossing 100 billion units of electricity generation, Adani Green advancing towards its 50 GW renewable target by 2030, and Adani Energy Solutions securing nearly ₹44,000 crore in transmission orders. Its clean energy arm is set to produce 10 GW of solar modules by the next fiscal.
Meanwhile, Adani Ports handled 450 million tonnes of cargo, and the group’s airports business recorded its highest-ever footfall of 94 million passengers. Its much-anticipated Navi Mumbai International Airport completed its first test flight and is on track to open later this year with a 20-million passenger capacity.
On the natural resources front, Adani’s coal and iron ore output reached 47 million tonnes, with a 30% growth forecast by FY26. Its cement vertical, acquired from Holcim two years ago, has already surpassed 100 million tonnes of capacity, achieving 72% of its original expansion target well ahead of schedule.
Additionally, the group’s flagship urban project in Dharavi — Asia’s largest slum redevelopment — is being positioned as India’s most ambitious urban rehabilitation effort, promising upgraded housing, public amenities, and modern infrastructure for over a million residents.
Adani also emphasised the group’s growing presence in the digital infrastructure space, with large-scale, renewable-powered data centre campuses and an expanding city gas distribution network, including 3,400 EV charging stations across 22 states.
The USD 100 billion capital expenditure plan signals the conglomerate’s continued confidence in India’s long-term growth story and its role in nation-building, with investments aimed at both economic expansion and social transformation.
