![\"Adani](\"https:\/\/c.ndtvimg.com\/2023-02\/ukoaimu8_adani-reuters_625x300_10_February_23.jpg\"\/ "\\"Adani")
<\/div>\nThe Adani group had previously guided a $100 billion capex over the next 7-10 years.<\/p>\n<\/div>\n
Adani group plans to invest more than Rs 1.2 lakh crore ($14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its $100 billion investment guidance over the next seven-ten years to grow businesses, sources said.<\/p>\n
The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40% higher than what the portfolio is estimated to have incurred in FY24.<\/p>\n
According to analysts, the portfolio is estimated to have incurred a capex of around $10 billion in FY24 that ends on March 31.<\/p>\n
Sources said these investments will set the stage for exponential profit growth.<\/p>\n
The group had previously guided a $100 billion capex over the next 7-10 years. Most of this investment is going to go into group fast growing businesses – renewable, green hydrogen and airports.<\/p>\n
As much as 70% of the planned capex will go into its green portfolio – primarily renewable power, green hydrogen, green evacuation. Of the remaining 30%, the majority will be spent towards airports and ports businesses, they said.<\/p>\n
In calendar year 2023, the portfolio delivered a $9.5 billion Ebitda (up 34.4% year-on-year), while its net debt has reduced by 4% from March 2023 to September 2023 (balance sheet figures are only declared half yearly).<\/p>\n
In the December quarter, Adani’s portfolio reported record Ebitda growth of 63.6%, taking its 12-month Ebitda to an all-time high of $9.5 billion (Rs 78,823 crore) in 2023.<\/p>\n
Increasing cash flows from fast growing profits have set the stage for mega-scale investments, sources said.<\/p>\n
Its net debt to Ebitda at the end of September was 2.5x, which is expected to decline by the end of FY24, sources said.<\/p>\n
In a media statement released in February, the group said increasing cash flows from strong growth and robust credit profile has set the stage for unrivalled ‘Green Investment’.<\/p>\n
A school drop-out, group chairman Gautam Adani started out as a commodities trader and rose to become Asia’s richest person with an empire spanning across ports, power generation, airports, mining, renewables, gas, data centres, media and cement.<\/p>\n
Today, Adani Group is the world’s second largest solar power company, it is the largest airport operator with 25 per cent of passenger traffic and 40% of air cargo, the largest ports and logistics company with 30% of national market share, largest integrated energy player, and the country’s second largest cement manufacturer.<\/p>\n
India’s largest infrastructure conglomerate with showcase projects like Navi Mumbai Airport, Ganga Expressway, world’s largest renewable park at Khavda in Gujarat and Mundra Port has committed a $100 billion investment over the next 7-10 years.<\/p>\n
This investment will play a pivotal role in transforming India’s energy and transportation landscape.<\/p>\n
Sources said with strong emphasis on green energy transition, it will be allocating more than 70% of this $100 billion to its green businesses including renewable power, green hydrogen, and green evacuation transmission lines.<\/p>\n
The conglomerate is building the world’s largest renewable park at Khavda, Gujarat, spanning over 530 square kilometers – an area five times the size of the city of Paris.<\/p>\n
A large portion of total investments is earmarked for expansion and development of its fast-growing airports business and ports business, they said.<\/p>\n
With a portfolio boasting eight airports including the upcoming Navi Mumbai airport and 14 domestic ports, Adani wants to further solidify its presence in these sectors.<\/p>\n
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)<\/i><\/p>\n<\/div>\n