The Adani Group will invest a record USD 15–20 billion across its businesses over the next five years, Chairman Gautam Adani announced at the conglomerate’s annual general meeting on Tuesday. He said the group is entering its next phase of expansion with a strong balance sheet, record earnings, and a sharp focus on infrastructure-led nation-building.“These are not just investments in our group, but in the possibilities for doing our part to build India’s infrastructure,” Adani said, adding that the group is targeting an annual capital expenditure of $15–20 billion.
The diversified conglomerate, with interests ranging from seaports to renewable energy, data centers to cement, has posted robust financials. Adani said the group’s revenue stood at ₹2.71 lakh crore, with an adjusted EBITDA of ₹89,806 crore and a healthy net debt-to-EBITDA ratio of 2.6x.
Adani also addressed the recent allegations by US authorities in a bribery case related to renewable energy contracts, reiterating that no one from the group has been charged under the US Foreign Corrupt Practices Act. “We live in a world where negativity often echoes louder than truth. Our governance is of global standards, and compliance is non-negotiable,” he said.
Referring to the Hindenburg episode of 2023 that triggered a massive drop in market value, Adani said the group responded with resilience — reducing debt, cutting pledged shares, and regaining investor confidence.
On business progress, Adani Power crossed 100 billion units in power generation and is on track to reach 31 GW capacity by 2030. Adani Green is constructing the world’s largest renewable energy park in Khavda, Gujarat, targeting 50 GW capacity by the same year.
“True leadership is not built in sunshine. It is constructed in the fire of crisis,” he concluded.