Adani Enterprises, the flagship company of billionaire businessman Gautam Adani’s Adani Group, plans to invest Rs 80,000 crore in the current financial year (2024-25). A company senior official informed us that a mega plan has been made for this investment in many different business areas.
Adani Group Official Gave Information
Adani Enterprises operates in sectors ranging from renewable energy to airports and data centres. In an analyst call, Saurabh Shah, AVP of Finance and Accounts of Adani Enterprises, said that a large part of the company’s capital expenditure for FY 2024-25 will be on renewable businesses and airports. He said we are considering a capital expenditure of about Rs 80,000 crore in 2024-25.
Significant Capital Will Be Invested In Adani New Industries Limited
Much of this will go to Adani New Industries Limited (ANIL) and the airport business, which will incur capital expenditures of about Rs 50,000 crore. ANIL manufactures solar modules that transform sunlight into electricity and green hydrogen. Saurabh Shah also said that ANIL targets factories to produce 10 GW solar modules and 3 GW wind turbines.
Where Is The Investment Plan Of Adani Enterprises?
- One-third of this investment will be for roads. Due to the Ganga Expressway, Rs 12,000 crore will be invested in the road sector.
- Adani Group will also start its PVC project, in which Rs 10,000 crore will be invested in the PVC business.
- The remaining Rs 5,000 crore will be spent on the data centre.
- The remaining amount will be spent on other business areas.
Adani Conex Will Get Billions Of Dollars Of Funding
Apart from this, news came last week that negotiations have been completed for Adani Group company Adani Connex to get funding worth billions of dollars. Various conditions have been agreed for this, and the company will get funding of up to $1.44 billion from 8 global banks.
