Adani to invest ₹1.3 lakh cr in FY25 across portfolio companies

Adani Group to invest ₹1.3 lakh crore in portfolio companies, focusing on green energy, airports, ports, and infrastructure growth.

Adani group plans to invest about ₹1.3 lakh crore across its portfolio companies this fiscal as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, group CFO said on June 25.

The investment across portfolio companies that range from ports to energy, airports, commodities, cement and media will be 70% met through internal cash generation and the remaining through debt, Group CFO Jugeshinder 'Robbie' Singh told reporters here.

The group will look to refinance $3-4 billion of debt maturing in the year and raise an additional $1 billion in project financing, he said, adding the annual $2-2.5 billion of equity infusion by bringing in new investors is also likely to continue.

"This year will be more about asset completion," he said.

Renewable energy firm Adani Green will complete 6-7 GW project, while the solar wafer manufacturing unit will attain scale. Also, the new airport at Mumbai will be completed, he said.

The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40% higher than what the portfolio is estimated to have incurred in FY24.

The group had previously guided a $100 billion capex over the next 7-10 years. Most of this investment is going to go into the group's fast growing businesses — renewable, green hydrogen and airports and infrastructure, he said.