The Adani Group plans to invest Rs 1.3 trillion in FY25 across its businesses, said Jugeshinder ‘Robbie’ Singh, group chief financial officer, on Tuesday.
Bulk of the investments will be made in the airport and green energy sector, added Singh. The funding plan for these projects includes raising equity capital of up to $3 billion (Rs 25,000 crore) across Adani Enterprises and other group portfolio companies, he said.
Adani Enterprises and Adani Transmission have already taken shareholders’ clearances to sell shares to investors. The group is planning to refinance debt worth $3 billion in the ongoing year.
At the media briefing, the CFO also deemed some of the notices sent by the Sebi last month to group firms, citing alleged regulatory lapses, as “trivial” in nature.
“Some (notices) are trivial,” he said.
Talking about the capex plan, Singh said of the Rs 1.3-trillion investment, Adani Green Energy (AGEL) will spend about Rs 34,000 crore. The company plans to add 6GW to 7GW this financial year, Singh said. Adani Green is developing 30 GW renewable energy park in Khavda in Gujarat.
The group also plans to raise $500 million in project financing in the current fiscal. Singh said Adani New Industries (ANIL), Adani Connex , Adani Airports, ARTL (Roads ) are 85% of its capex in FY25.
“This year is mostly an asset completion year for us. We have completed copper. We will complete the Navi Mumbai airport by the end of the year or early next year,” he said.
The group, which plans to invest $100 billion in the next 10 years in the energy transition and infrastructure sectors, will launch the initial public offering of its airport business by 2027-28, Singh said.
The entire funding plan for the next decade has been tied up with 68% of the funding coming from internal cash flow, Singh said.
Chairman Gautam Adani recently said the group is in manufacturing of every major component required for green energy generation.
The conglomerate has recorded 4.2 billion consumer interactions across businesses in a year. Margins are 30% after deploying all the capital, while cash per share growth stands at 43.2%, the CFO said.
