Adani Group Plans $15-20 Billion Annual Investment Over Five Years

Adani Group Chairman Gautam Adani has announced a bold investment plan, committing to an annual capital expenditure of $15-20 billion over the next five years, focusing on infrastructure and utility sectors aligned with India's national priorities. The group aims to break records with this aggressive capex strategy, accompanied by a proposed fundraising of INR 15,000 crore through share sales or preferential allotments, pending shareholder approval. Adani highlighted the group's financial resilience, with Adani Enterprises crossing the INR 1 trillion income mark for the first time and reporting a 7% revenue increase alongside an 8.2% rise in EBITDA, maintaining a healthy net debt-to-EBITDA ratio of 2.6x. Addressing ongoing investigations by U.S. regulators into Adani Green Energy, Adani emphasized that no charges have been made against the group for violations and reaffirmed the group's commitment to global governance and robust compliance frameworks. He portrayed the group as resilient, having adapted and strengthened through various challenges, with a focus on long-term growth and alignment with India's ambitions. The overall message underscores Adani Group's confidence in its strategic direction and financial health despite external scrutiny.