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Adani Group invested more than INR 1.5 lakh crore across infrastructure and industrial businesses in FY26, with Chairman Gautam Adani stating that the spending accounted for over 30 per cent of India’s private-sector capital expenditure during the year. Announced at the group’s annual general meeting in the past week, the investment programme focused on energy, utilities, transport and logistics assets. Adani said the investments were made despite scrutiny of the conglomerate, alongside record capital expenditure and operating earnings.
Adani Group invested more than INR 1.5 lakh crore during FY26 across its infrastructure and industrial businesses, with Chairman Gautam Adani stating that the conglomerate continued to expand despite operating under heightened scrutiny. The investment details were shared during the group’s annual general meeting held in the past week, where Adani outlined the company’s operational performance and capital deployment during the financial year.
According to Adani, the group’s investment programme represented more than 30 per cent of all private-sector capital expenditure undertaken in India during FY26. He stated that the spending reflected the group’s continued commitment to infrastructure creation across multiple sectors and was carried out despite increased public and regulatory attention on its activities. Adani said the group did not pause or alter its investment plans during the period and continued executing projects across its portfolio.
Separate financial disclosures released earlier this month showed that Adani Group companies recorded capital expenditure of approximately INR 1.53 lakh crore during FY26, the highest annual investment programme reported by the conglomerate to date. Nearly 80 per cent of the expenditure was directed towards core infrastructure businesses, including energy, utilities, transport and logistics. The spending expanded the group’s gross asset base to about INR 7.85 lakh crore.
The group also reported consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of INR 94,834 crore for FY26, representing an all-time high. Operating earnings increased by 5.6 per cent compared with the previous financial year, supported largely by infrastructure-led businesses. Core infrastructure operations accounted for about 87 per cent of EBITDA, according to company disclosures.
During the annual meeting, Adani highlighted the group’s activities across energy, transport, logistics, manufacturing and defence-related sectors. He said the company was building an integrated aerospace platform covering manufacturing, maintenance, repair and overhaul services, pilot training and related operations. He also noted that technologies such as drones, anti-drone systems, missiles and ammunition produced within the group had been deployed in support of India’s defence ecosystem.
The chairman further outlined a three-part operational agenda focused on simplifying management structures, strengthening relationships with contractors and improving welfare standards for the group’s workforce. The conglomerate employs or supports nearly 400,000 workers across its businesses and project sites.
Adani stated that the group’s objective was to prepare for future economic and technological changes while continuing to invest in long-term infrastructure assets. The latest investment figures reinforce the scale of the conglomerate’s ongoing presence in sectors such as ports, airports, renewable energy, transmission networks, logistics infrastructure and industrial manufacturing across India.
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Adani Group invests INR 1.53 lakh crore in a year, marks biggest capex push yet