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Adani Enterprises has unveiled a INR 36,000 crore capex plan for FY26, with INR 10,500 crore dedicated to airport upgrades and expansion, including the Navi Mumbai International Airport. The group is also investing INR 9,000 crore in solar PVC, INR 5,500 crore in green hydrogen, and INR 6,500 crore in roads. Adani Airports handled 94.4 million passengers in FY25, with nearly half of EBITDA generated by the Mumbai International Airport. The Navi Mumbai airport's progress is expected to spur real estate growth in Panvel, Ulwe, and Dronagiri. The group's port arm is also eyeing international expansion, reinforcing its role in India's infrastructure transformation.
Adani Enterprises has announced a INR 36,000 crore capital expenditure plan for FY26, of which nearly one-third - INR 10,500 crore - will go toward expanding and upgrading its airport portfolio. The company is also allocating significant funds for green hydrogen, roads, and solar PVC, underlining its dual push in infrastructure and clean energy. Advertisement
In an investor call, Adani Group CFO Jugeshinder Singh said the company had already completed a capex of INR 31,500 crore in FY25 and is prepared to accelerate its rollout across sectors with high growth potential. Of the planned investment for the year ahead, INR 9,000 crore will go toward solar PVC manufacturing, INR 5,500 crore toward green hydrogen ecosystem development, and INR 6,500 crore toward road projects.
A key part of the company's plan includes the much-anticipated transition to the Navi Mumbai International Airport. While no firm timeline has been given for the demolition of the existing T1 terminal, Adani is expected to begin phase 2 of the new Navi Mumbai facility soon, adding capacity for up to 20 million passengers.
The group plans to eventually handle over 100 million passengers annually across its seven airports. In FY25, Adani Airports reported 94.4 million passengers, up 7% year-on-year. About 45% of its airport EBITDA currently comes from the Mumbai International Airport, a critical node in India's aviation and real estate network.
The development of the Navi Mumbai airport and the surrounding infrastructure is likely to drive real estate activity in Panvel, Ulwe, and Dronagiri. These areas have already seen a rise in residential and commercial interest, and with upcoming phases of airport construction, developers expect further demand for integrated townships, retail spaces, and warehousing.
In other related news, the Adani Ports and SEZ arm is looking to expand into Southeast Asia and Africa through strategic port acquisitions. The company is reportedly studying deals in countries with emerging logistics corridors, a move that could align with India's global infrastructure ambitions.
Adani's focused infrastructure investments in airports, ports, and green energy projects continue to position the group as a major player reshaping India's urban development and mobility landscape.
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