The Adani Group has announced plans to invest approximately ₹1.3 lakh crore across its portfolio companies in the current fiscal year. This significant investment is part of the group’s broader strategy to double down on its USD 100 billion investment guidance over the next 7-10 years, according to the Group’s CFO, Jugeshinder ‘Robbie’ Singh.
Investment Breakdown and Financing
The investment will span a diverse range of sectors including ports, energy, airports, commodities, cement, and media. Singh stated that 70% of this investment will be financed through internal cash generation, with the remaining 30% coming from debt. The group also plans to refinance USD 3-4 billion of debt maturing this year and raise an additional USD 1 billion in project financing. Furthermore, the group expects to continue its annual equity infusion of USD 2-2.5 billion by bringing in new investors.
Focus on Asset Completion
“This year will be more about asset completion,” Singh emphasized. Key projects include the completion of a 6-7 GW renewable energy project by Adani Green and the scaling up of the solar wafer manufacturing unit. Additionally, the new airport in Mumbai is slated for completion within this fiscal year.
Increased Capital Expenditure
The projected capital expenditure for the fiscal year 2024-25 (April 2024 to March 2025) is set to be 40% higher than the estimated capex for FY24. The group had previously outlined a USD 100 billion capex plan over the next 7-10 years, with a significant portion of this investment earmarked for its rapidly growing businesses in renewable energy, green hydrogen, airports, and infrastructure.
This robust investment plan underscores the Adani Group’s commitment to expanding its footprint across various sectors and driving growth through strategic investments in high-potential areas.
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