Adani Group to spend Rs 7 lakh crore in capex over next 10 years across verticals

AHMEDABAD : Adani Group will spend Rs 7 lakh crore in capital expenditure over the next 10 years and its billionaire Chairman Gautam Adani has shared some details of the plans which will further consolidate the conglomerate’s position as infrastructure leader in India.

Adani in posts on X, formerly Twitter, has over the last few days detailed ‘green’ initiatives of the investment plan across some verticals of the apples-to-airport conglomerate. “The portfolio recently announced its plan to invest over Rs 7 lakh crore over the next 10 years to consolidate its preeminent position as the largest infrastructure player in India,” Adani Energy Solutions said in a stock exchange filing.

While flagship Adani Enterprises Ltd incubates and develops new businesses spanning mining, airports, defence and aerospace, solar manufacturing, roads, metro and rail, data centres and resource management, its ports business is on a greening drive.

“By 2025, we will set a national benchmark being the only carbon-neutral port operations and be net zero for APSEZ by 2040. Our climate-friendly transformation includes electrifying all cranes, switching all diesel-based internal transfer vehicles to battery-based ITVs, and installing an additional 1000 MW of captive renewable capacity,” Mr. Gautam Adani said in a post on X.

Adani Ports and Special Economic Zone (APSEZ) is the nation’s largest seaport operator in the country, with ports on both east and west coasts.

“Our dedication to protecting the environment is also reflected in our expanding mangrove plantations, aiming for a remarkable 5000 hectares by FY 25. This is yet another step towards a greener future and further testament of our commitment to climate stewardship,” he said.

This is alongside the fast-expanding renewable energy business.

Sharing pictures of the massive construction work in Kuch desserts in Gujarat, Adani said his group is building “the world’s largest green energy park”.

“This monumental project, covering 726 sq km in the challenging Rann desert, is visible even from space. We will generate 30GW to power over 20 million homes. Also, just 150 km away, in our Karmabhoomi Mundra, we are creating one of the globe’s most extensive and integrated renewable energy manufacturing ecosystems for solar and wind,” he said.