Adani Group's Ambitious $1.3 Lakh Crore Investment for Fiscal 2024-25: Leading the Green Revolution

Adani Group plans a massive Rs 1.3 lakh crore investment this fiscal year, focusing on renewable energy and infrastructure. The funding, primarily sourced from internal cash generation and debt, will bolster projects such as renewable energy, green hydrogen, and airport expansions. The group aims to complete several major projects including a new Mumbai airport.

In a groundbreaking move, the Adani Group announced plans to invest approximately Rs 1.3 lakh crore across its portfolio companies for the fiscal year 2024-25. This substantial investment aligns with the conglomerate's earlier guidance of a USD 100 billion investment roadmap over the next 7-10 years, aimed at growing its diverse business portfolio including energy, airports, and media.

Addressing reporters, Group CFO Jugeshinder 'Robbie' Singh revealed that 70 percent of the planned investment will be met through robust internal cash generation while the rest will be financed through debt. Singh also mentioned a strategy to refinance USD 3-4 billion of maturing debt and raise an additional USD 1 billion for project financing, bolstered by annual equity infusions of USD 2-2.5 billion from new investors.

This fiscal year will see significant asset completions including Adani Green's 6-7 GW renewable energy project and the scaling of the solar wafer manufacturing unit. Another major milestone will be the completion of the new airport in Mumbai. The group's aggressive capex plans underscore its commitment to renewable energy, green hydrogen, and infrastructure, positioning it as a pivotal player in India's green transition.

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