Adani Group To Boost Capex To Rs 1.3 Lakh Cr In 2025: Report

The Adani Group is set to increase its capital expenditures to Rs 1.3 lakh crore (USD 15.6 billion) for the fiscal year 2025, a decent rise from Rs 70,000 crore the previous year. 

Chief Financial Officer Jugeshinder Singh shared this strategic move during a media briefing in Ahmedabad, Gujarat, highlighting the group's ambitious growth plans.

A significant portion of this investment, Rs 34,000 crore, will be allocated to Adani Green Energy, the group's renewable energy division. This funding is aimed at expanding the division's capacity by 6 gigawatts. The announcement follows statements from billionaire owner Gautam Adani, who stressed the group’s readiness to seize opportunities in India's rapidly growing infrastructure sector.

Adani Group's diverse business portfolio, including ports, power utilities, transmission, and coal trading, positions it to benefit from the expected surge in infrastructure spending, projected to grow at a compounded annual rate of 20-25 per cent. 

Further, Singh addressed speculation regarding the group's interest in acquiring a stake in the payments firm Paytm. He clarified that there are no immediate plans for such an acquisition but did not rule out future opportunities in the fintech space, indicating the group's openness to expanding its digital footprint.

(Inputs from Reuters)