Latest news with #GatiShaktiMission
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Business Standard
5 hours ago
- Business
- Business Standard
Adani Group to invest $100 bn, targets 100 GW total power capacity by 2030
Adani Group aims to set up 100 GW of power capacity by 2030 as part of $100 billion investment plans that will 'break all records', said the airports-to-energy conglomerate on Tuesday. Adani Green, the group renewable company, aims to achieve 50 GW (gigawatt) of capacity and thermal power producer Adani Power 31 GW. The rest of the capacity will come from pumped hydropower. As of FY25, the group's thermal power capacity stood at 16.6 GW, while the renewable energy capacity was almost 15.2 GW. 'Our capital investment across businesses is set to break all records. These are not just investments in our group, but investments in the possibilities for doing our part to build India's infrastructure,' said Gautam Adani, chairman of Adani Group, at its annual general meeting. The group will invest $15-20 billion annually in its companies, including airports. Adani Energy Solutions has got transmission orders of around Rs 44,000 crore in FY25 and is executing Rs 13,600 crore worth of smart metering projects. Adani New Industries, which integrates renewable energy, hydrogen electrolyser and downstream anchor projects, aims to expand its solar module manufacturing lines and is expected to have a 10 GW integrated solar module manufacturing facility by FY27. The ports business handled 450 million metric tonnes (mt) of cargo in FY25, and the group is creating a transport utility by venturing into marine, trucking, warehousing, and freight forwarding. 'In line with the Prime Minister's Gati Shakti Mission, our logistic assets are powering MSME exports and reducing friction to increase India's global competitiveness,' said Gautam Adani. Adani Ports aims to handle 1 billion mtpa (million tonnes per annum) of cargo by 2030, with a planned capital expenditure of Rs 50,000 crore between FY25 and FY30. Its domestic capacity stands at 633 mtpa and operates overseas poets in Haifa (Israel), Dar es Salaam Port (Tanzania), Abbot Point (Australia) and Colombo West International Terminal (Sri Lanka). Global turbulence 'The world around us has changed dramatically over the past 12 months. Over 60 nations went to the polls. Borders were redrawn, alliances tested, and economies shaken. In the Middle East, war continued to cast shadows on energy and logistics. In Europe, economic confidence stumbled. The United States had its own challenges. And yet, in the middle of all this noise, India stood apart and grew faster than any other major nation,' he said. The group's natural resources business produced 47 million tonnes of coal and iron ore in FY25 and is estimated to achieve over 30 per cent growth by FY26. For its cement business, the group achieved 72 per cent of its targeted capacity of 140 million tonnes per annum (mtpa) in FY25. It crossed the 100 mtpa mark during the year, with the full target expected by FY27–28. In FY25, Adani Airports handled 94 million passengers and completed the first test flight at the greenfield Navi Mumbai Airport, worth $2.1 billion. The airport is expected to open later this year with an initial capacity of 20 million passengers, increasing to 90 million, giving the company a 35 per cent share of India's airport passenger traffic. In FY25, the group's revenue grew by 7 per cent year-on-year and earnings before interest, taxes, depreciation and amortisation (ebitda) by 8.2 per cent. Total revenue stood at around Rs 2.71 trillion and adjusted ebitda at Rs 89,806 crore. The group's net debt-to-ebitda ratio remained at 2.6x, Gautam Adani said. US allegations About allegations against Adani Green Energy by the US Department of Justice and the Securities and Exchange Commission (SEC), Gautam Adani said the group is cooperating with legal processes.
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Business Standard
9 hours ago
- Business
- Business Standard
Adani Group to invest $100 bn by 2030, targets 100 GW total power capacity
As part of its $100 billion investment plan, the Adani Group is targeting a total power capacity of 100 GW by 2030. Of this, group firm Adani Green Energy aims to achieve 50 GW of capacity, while Adani Power is targeting 31 GW. The remainder will come from pumped hydro and other sources. Gautam Adani, chairman, Adani Group, told shareholders at the group's annual general meeting on Tuesday (24 June), 'Our capital investment across businesses is set to break all records. These are not just investments in our Group, but investments in the possibilities for doing our part to build India's infrastructure.' The group will invest $15–20 billion annually across various companies, including airports, Adani said. Adani Energy Solutions, a part of the port-to-power conglomerate, secured transmission orders worth around ₹44,000 crore in FY25 and is executing ₹13,600 crore worth of smart metering projects. Adani New Industries, which integrates renewable energy, hydrogen electrolyser projects, and large-scale downstream anchor projects, is also expanding its solar module manufacturing lines. It is expected to have a 10 GW integrated solar module manufacturing facility operational by the next financial year. Speaking about the group's ports business, which handled 450 million metric tonnes (mt) of cargo in FY25, Adani said the group is creating a transport utility by venturing into marine, trucking, warehousing, and freight forwarding. 'In line with the Hon'ble Prime Minister's Gati Shakti Mission, our logistic assets are powering MSME exports and reducing friction to increase India's global competitiveness,' he said. Adani Ports aims to handle 1 billion mtpa of cargo by 2030, with a planned capital expenditure of ₹50,000 crore between FY25 and FY30. Its current domestic capacity stands at 633 mtpa, in addition to overseas operations at Haifa (Israel), Dar es Salaam Port (Tanzania), Abbot Point (Australia), and Colombo West International Terminal (Sri Lanka). Outlook amid global turbulence 'The world around us has changed dramatically over the past 12 months. Over 60 nations went to the polls. Borders were redrawn, alliances tested, and economies shaken. In the Middle East, war continued to cast shadows on energy and logistics. In Europe, economic confidence stumbled. The United States had its own challenges. And yet, in the middle of all this noise, India stood apart and grew faster than any other major nation,' Adani said. Natural resources, cement and airports The group's natural resources business produced 47 million tonnes of coal and iron ore in FY25 and is estimated to achieve over 30 per cent growth by FY26. For its cement business, the group achieved 72 per cent of its targeted capacity of 140 million tonnes per annum (mtpa) in FY25. It crossed the 100 mtpa mark during the year, with the full target expected by FY27–28. In FY25, Adani Airports handled 94 million passengers and completed the first test flight at the greenfield Navi Mumbai Airport, worth $2.1 billion. The airport is expected to open later this year with an initial capacity of 20 million passengers, increasing to 90 million, giving the company a 35 per cent share of India's airport passenger traffic. Data centres and Dharavi project among top priorities Adani said India needs to stay competitive and secure while building data centres. 'We have projects exceeding hundreds of MW in various stages of construction with the global hyperscalers – and have also launched gigawatt-scale renewable-powered data centre campuses across multiple states,' he said. However, Adani described the group's most transformative project as the Dharavi Redevelopment Project (DRP) in Mumbai. The ₹95,790-crore project aims to rehabilitate about a million Dharavi residents and is being executed through a joint venture of the Adani Group and the state-run Slum Rehabilitation Authority, with the group holding an 80 per cent stake. In FY25, the group's revenue grew by 7 per cent year-on-year (YoY) and earnings before interest, taxes, depreciation and amortisation (Ebitda) by 8.2 per cent. Total revenue stood at around ₹2.71 trillion and adjusted Ebitda at ₹89,806 crore. The group's net debt-to-Ebitda ratio remained at 2.6x, Adani said. Speaking on allegations from the US Department of Justice and the Securities and Exchange Commission (SEC) relating to Adani Green Energy, Adani said the group is cooperating with legal processes. 'This was tested again last year when we faced allegations from the US Department of Justice and the SEC relating to Adani Green Energy. 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. We live in a world where negativity often echoes louder than the truth. 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 added.
Hans India
11 hours ago
- Business
- Hans India
We don't just build businesses, we build India's capabilities: Gautam Adani
Ahmedabad: Gautam Adani, the Chairman of the Adani Group, on Tuesday said that even in a year of turbulence, the company saw record-breaking revenue, unprecedented growth and historic profitability, adding that the fact is "we don't just build businesses; we build India's capabilities". Addressing the 33rd Annual General Meeting (AGM) of Adani Enterprises Ltd (AEL), he said, 'We are proof of a Group that dares to dream beyond constraints and powered by a nation that breathes possibility into every tomorrow ahead of us'. 'In FY25, our numbers were strong. Across all our sectors, we did more than just scale. We created impact, inspired change, and most importantly, deepened our national commitment,' Gautam Adani told the shareholders. 'Adani Power crossed 100 billion units of generation. A scale never before matched by any private sector company. It is now well on track to reach 31 GW capacity by 2030. Adani Green is building the world's largest renewable energy park -- right here in India, and visible even from space. From Khavda to the world, our target of 50 GW by 2030 is proof that scale and sustainability can coexist,' informed the billionaire industrialist. In fact, 'when we combine our thermal, renewable and pumped hydro generation capacities, we expect to have a 100 GW capacity by 2030.' Moreover, Adani Energy Solutions handled smart metering, high-voltage links and is keeping India's grid future-ready. It secured close to Rs 44,000 crore in transmission orders and is executing Rs 13,600 crore worth of smart metering projects. 'Adani New Industries is building electrolysers and solar modules at a global scale, aligned with India's green goals. It is on track to expand its solar module manufacturing lines and will have a 10 GW integrated solar module manufacturing facility in place by the next financial year,' said Gautam Adani. Adani Ports handled a record 450 MMT of cargo and became the beating heart of India's trade. 'With marine, trucking, warehousing, and even freight forwarding, we are creating a transport utility for the future. And in line with the Prime Minister's Gati Shakti Mission, our logistic assets are powering MSME exports and reducing friction to increase India's global competitiveness,' he emphasised. Gautam Adani highlighted that 'Natural Resources' produced a record 47 million tonnes of coal and iron ore and is on track to achieve over 30 per cent growth by FY26. 'We also pioneered India's first hydrogen-powered mining truck,' he mentioned. Two and a half years ago, when the Group acquired Holcim's India cement business, it had made a bold commitment -- to double its capacity to 140 MTPA by FY27-28. 'Today, I am proud to share that we have already achieved 72 per cent of that target and crossed the 100 MTPA milestone,' Gautam Adani said, adding that the fact is -- "we don't just build businesses. We build India's capabilities". Adani Airports also had a massive year of growth. 'We handled a record 94 million passengers in FY25. We also completed the first test flight at the greenfield Navi Mumbai Airport. This airport will open later this year with an initial passenger capacity of 20 million, of what will then become a 90 million passenger airport, giving us a 35 per cent share of India's airport passenger traffic,' he told the company shareholders. In the field of data centres, 'we have projects exceeding hundreds of MW in various stages of construction with the global hyperscalers -- and have also launched gigawatt-scale renewable-powered data centre campuses across multiple states'. Adani Total Gas now serves one million PNG customers and runs 3,400 EV charging stations across 22 states. "This is real climate action, not just climate talk,' he said.
