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Adani enterprises to invest Rs.80,000 crore across diverse sectors in FY25

In its pursuit of becoming India's foremost integrated renewable energy player, the Adani Group has commenced commercial production of wafer and ingots for solar cells and modules at its Gujarat facility. The conglomerate aims to achieve polysilicon manufacturing by 2027-28, thereby reducing India's reliance on imported materials.

News Arena Network - New Delhi - UPDATED: May 11, 2024, 11:12 PM - 2 mins read

Adani Enterprises, the flagship company of the Gautam Adani-led conglomerate, has announced plans to invest a staggering Rs 80,000 crore across its diverse business verticals in the current financial year, according to a senior company executive.

Adani enterprises to invest Rs.80,000 crore across diverse sectors in FY25


Adani Enterprises, the flagship company of the Gautam Adani-led conglomerate, has announced plans to invest a staggering Rs 80,000 crore across its diverse business verticals in the current financial year, according to a senior company executive.

 

Saurabh Shah, Deputy Chief Financial Officer of Adani Enterprises, revealed during an analyst call, the transcript of which was released by the company, that a significant portion of this capital expenditure will be allocated to new energy ventures and airport infrastructure.

 

"In FY25, we are looking at a capex of about Rs 80,000 crore, with a major portion earmarked for Adani New Industries Ltd (ANIL) and airports business, amounting to approximately Rs 50,000 crore," Shah stated.

 

ANIL, primarily focusing on solar energy and green hydrogen production, will witness substantial investments aimed at scaling up production capacities.

 

Shah emphasized ANIL's objective of establishing factories capable of generating 10 gigawatts of solar modules and 3 gigawatts of wind turbines.

 

Furthermore, Adani Enterprises will direct around Rs 12,000 crore towards road infrastructure, particularly the Ganga Expressway project, while approximately Rs 10,000 crore will be allocated to the PVC business. Additionally, investments of around Rs 5,000 crore are earmarked for data centers.

 

Looking ahead to FY26, Shah highlighted the company's plans to initiate investments in green hydrogen ventures, laying the groundwork for downstream products.

 

In its pursuit of becoming India's foremost integrated renewable energy player, the Adani Group has commenced commercial production of wafer and ingots for solar cells and modules at its Gujarat facility. The conglomerate aims to achieve polysilicon manufacturing by 2027-28, thereby reducing India's reliance on imported materials.

 

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