Adani’s Mega Move: A Historic ₹1.53 Lakh Crore Capex Year

Adani Group recorded a historic capital expenditure of ₹1.53 lakh crore (USD 16.1 billion) in FY26, underscoring its commitment to expanding critical infrastructure assets while maintaining leverage within its stated financial targets. The investment programme represents one of the largest annual capital deployment initiatives undertaken by an Indian corporate group and reflects the company’s long-term growth strategy across energy, transport, utilities, and logistics sectors.

The substantial investment increased the group’s gross asset base to ₹7.85 lakh crore, with nearly 80 percent of total capital expenditure directed toward core infrastructure businesses. During the year, several key segments delivered strong operational performance. Adani Green Energy added 5.1 GW of renewable energy capacity, expanding its operational portfolio to 19.3 GW. Adani Ports handled a record 500.8 million tonnes of cargo, while Adani Energy Solutions progressed a transmission project pipeline valued at ₹71,779 crore and crossed the milestone of 10 million smart meter installations. The group’s airports business also recorded robust growth, handling 95.3 million passengers across its network of eight airports.

The commissioning of major projects during FY26, including Navi Mumbai International Airport, battery energy storage systems, the Ganga Expressway, and a copper smelter, is expected to strengthen the group’s earnings profile and cash flow generation from FY27 onwards. These developments position the company to benefit from rising infrastructure demand while supporting India’s broader economic growth and energy transition objectives.

News by Rahul Yelligetti.