Adani Group to invest $100 bn over five years in clean energy sector
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The Adani Group is targeting 100 GW energy generation capacity across thermal, renewable and pumped hydropower by 2030, chairman Gautam Adani said on Tuesday. This will include 31 GW capacity from Adani Power and 45 GW renewable energy from Adani Green Energy Group company Adani Energy Solutions , meanwhile, is implementing transmission projects worth ₹44,000 crore and smart metering projects of ₹13,600 crore, Adani said at an annual general meeting of shareholders of the group's flagship company Adani Enterprises The infrastructure and utilities conglomerate recorded a 7% rise in revenue to ₹2.72 lakh crore in FY25 while earnings before interest, tax, depreciation and amortisation (Ebitda) increased over 8% to ₹89,806 crore.Adani reiterated the group's capital expenditure plan of $15-$20 billion annually over the next five years. "These are not just investments in our group, but investments in the possibilities for doing our part to build India's infrastructure," he said.The group's ports business-Adani Ports and Special Economic Zone-handled a record 450 metric million tonnes (mmt) cargo last fiscal year while Adani New Industries is set to open an integrated 10 GW solar module manufacturing facility by the next fiscal year.In the airports business, the company handled a record 94 million passengers while its greenfield airport in Navi Mumbai is set to start operations later this year with an initial capacity of 20 million passengers.Adani, though, termed the group's Dharavi rehabilitation project as its most transformative."...our most transformative project is unfolding in Dharavi - Asia's largest slum, now being reimagined as India's most ambitious urban rehabilitation project," he said. "And over 1 million people will move from narrow lanes to a township that will feature spacious layouts, dual toilets, open spaces, schools, hospitals, transit hubs and parks," he said.Adani also said the group's governance is of global standards, referring to allegations from the US Department of Justice and the SEC. "Despite all the noise, the facts are that no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice," he said. "And as we cooperate with legal processes, let me also restate that our governance is of global standards, and our compliance frameworks are non-negotiable," he said.
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