With an eye set firmly on propelling the trajectory towards exponential growth, the Adani Group is poised to infuse approximately $14 billion (nearly Rs 1.2 lakh crore) into its array of enterprises in the forthcoming fiscal year (FY25).
Insiders reveal that this substantial investment will be channeled across various sectors within the portfolio, spanning from green energy initiatives to airports, cement, commodities, and beyond, in the upcoming financial year.
The visionary behind the Adani conglomerate, Founder and Chairman Gautam Adani, has already articulated plans to inject an estimated $100 billion into India’s transition towards green energy over the next decade. As part of this initiative, Adani envisions ramping up solar manufacturing capacity to 10 GW by the year 2027.
Sources further indicate that the projected capital expenditure (capex) for the fiscal year 2024-25 surpasses the figures of the current fiscal year by a significant 40 percent across the Group's companies.
A substantial chunk, exceeding 70 percent of this capex, is earmarked for bolstering the green portfolio, primarily focusing on renewable power, while the remainder will be dedicated to enhancing critical infrastructure such as state-of-the-art airports.
Highlighting the robust financial performance, the Adani portfolio of companies has achieved record quarterly profit growth of 63.6 percent year-on-year. As of December 2023, the trailing 12-month EBITDA soared to Rs 78,823 crore ($9.5 billion), marking a remarkable surge of 2.5 times compared to FY21 and a substantial 37.8 percent increase from FY23 EBITDA.
Maintaining a solid liquidity position, the company boasts a healthy cash balance of Rs 44,572 crore ($5.4 billion) as of December 31, 2023.
In a statement, the company disclosed that its core infrastructure platform has generated an EBITDA of Rs 66,208 crore ($8 billion) over the last 12 months, witnessing a notable uptick of 35.4 percent year-on-year.
The record-breaking profitability coincides with upbeat assessments from domestic and international rating agencies, including S&P Global and Moody’s, which have either upgraded or positively revised the outlook for all key Adani portfolio companies.
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