Adani Enterprises plans to do capital expenditure of Rs 80,000 crore in FY 25

8 May 2024 , 12:50 PM

Adani Enterprises, with holdings in new energy, transport, and consumer companies, aims to invest ₹80,000 Crore on capital expenditure this fiscal year, according to a top corporate executive.

The Adani Group has allocated over 62% (₹50,000 Crore) to Adani New Industries (ANIL) and airports, while the Ganga Motorway project will receive ₹12,000 Crore, according to Saurabh Shah, deputy CFO, during an analyst call to discuss March quarter earnings. Shah stated that the company will invest ₹10,000 Crore in its coal-to-PVC project and ₹5,000 Crore in its data centre segment, with the remaining funds dedicated to other enterprises.

Adani Enterprises’ gross debt grew 31% to ₹50,124 Crore as of March-end, from ₹38,320 Crore a year before. The net external debt increased to ₹38,035 Crore from ₹27,776 Crore over the period.

ANIL houses the group’s green hydrogen initiatives, wind turbine manufacturing, solar modules, and batteries, among other things.

Shah stated that the module integrated manufacturing capacity will expand to 10 GW, covering the entire process from poly-silica to modules. Additionally, the wind capacity will reach 3 GW. Recently, ANIL inaugurated India’s inaugural large-scale monocrystalline ingot and wafer unit, boasting a capacity of 2 GW, suitable for both 182 mm and 210 mm wafer thicknesses.

In the wind turbine manufacturing business, the company supplied 47 sets, generating around ₹850 Crore in sales and ₹120 Crore in EBITDA. Last fiscal year, ANIL’s green hydrogen ecosystem income increased by 145% to ₹8,741 Crore, while EBITDA more than quadrupled to ₹2,296 Crore.

The smelter’s first and second phases will be capable of producing 500,000 tonnes apiece. The second phase will establish Kutch Copper as the world’s largest single-location bespoke smelter. Kutch Copper’s director, Vinay Prakash, stated that the business intends to commission all of the units by the end of March 2025 and attain full production capacity the following year.

For feedback and suggestions, write to us at [e-mail]