The Adani Group, a vast umbrella group of enterprises active across different sectors, plans to invest more than INR 120 thousand crore (USD 14 billion) in its portfolio companies in the upcoming budget year. Such a capex indicates that the company is bullish in its long-term investment plan, consistent with its target of a USD 100-billion investment goal in 7-10 years.
A major part of the investment will be put into the green portfolio, which comprises renewables (around 70%), hydrogen green, and green evacuation, which are the most important Green Energy projects. The remaining 30% of the fund will contribute to airports and port contracting activities.
Financial success is exemplified by a strong financial performance in 2023, with 34.4% year-on-year growth in EBITDA compared to last year. Following this, the Adani Group is planning to build on this success by increasing profitability exponentially. It further wants to eliminate its net debt and lower its financial losses.
With Gautam Adani at its head, it has become a major venture in fields such as power generation, airports, ports, mining, renewables, gas, data centres, media, and cement.
The Group will gain from investments that will transform Mumbai’s Navi Airport, the expressway on Ganga, and the renewable park in Gujarat by the world’s biggest Mundra port. These investments, however, hold an important key as they will aid in developing India’s energy and transportation sector.
A crucial 70% of the USD 100 billion investment goal will be spent in green businesses, while the remaining 30% will contribute to the airports and ports domain, which is already part of our management line-up.
