The Adani Group is prepared to increase its projected investments significantly in the upcoming fiscal year, which ends in March 2025. The Adani Group is anticipated to invest more than ₹1.2 lakh ($14 billion) rupees throughout its portfolio businesses, with a particular emphasis on green and renewable energy, according to news agency PTI.
The amount invested in the current fiscal year is 40% less than the budgeted investments. According to the research, Adani Group is anticipated to have spent almost USD 10 billion in capital expenditures by March 31st of this year.
Up to 70% of this ₹1.2 lakh crore would go toward the Adani Group’s green energy ventures, which include green hydrogen, renewable energy, and green evacuation. The corporation plans to invest a significant portion of the remaining 30% to grow its airport and port operations.
Significant investments in the portfolio
According to Karan Adani, MD of Adani Ports and Special Economic Zone Ltd, the company intends to invest half of its funds over the next five years in expanding the terminal and runway capacity, and the other half over a ten-year period in developing the airports along the city’s edge.
“In coming times, we foresee non-metros bypassing hubs and providing flyers direct connectivity across the world. Their connectivity within the country will also improve,” he stated.
“The current capacity of our airports is 110 million passengers annually (MPA). This will be increased by up to three times. Lucknow has got a new terminal. Navi Mumbai will open next (by next March). Then Guwahati airport will get a new terminal. We are planning new terminals for Ahmedabad and Jaipur also. Overall, we are looking at a combined capacity of about 300 MPA by 2040,” he added.
