New Delhi: Adani Enterprises, the flagship company of billionaire Gautam Adani-led conglomerate, which has interests ranging from new energy to airports and data centres, plans to spend Rs 80,000 crore across various businesses in the current financial year, the company said. said a senior executive.
A large portion of the capital expenditure planned for 2024-25 (April 2024 to March 2025 fiscal year) will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, in an analyst call, the transcript of which was released by the company. Went.
"We are expecting capex of around Rs 80,000 crore in FY2025, the bulk of which...will go to ANIL and the airport business, which will have capex of around Rs 50,00 crore," he said.
ANIL Adani New Industries Limited manufactures solar modules that convert sunlight into electricity and green hydrogen.
“Then the third part will be on roads, which will be Rs 12,000 crore of capital expenditure due to the Ganga Expressway and the rest will be invested in other businesses,” he said, “because we are also starting our PVC project, so Rs 12,000 crore of capital expenditure.” There will be capital expenditure.“The PVC business will account for around Rs 10,000 crore, while the remaining data center will account for around Rs 5,000 crore.”
Shah said ANIL is targeting factories to produce 10 GW of solar modules and 3 GW of wind turbines.
He said, “For FY2026, the other capital expenditure will be for the initial requirements that we do not have to meet for our green hydrogen business, which will be as a kickstart for our green hydrogen as well as downstream products. "
Adani Group has started commercial production of wafers and ingots used to make solar cells and modules at its factory in Gujarat. It aims to become India's first integrated renewable energy player by manufacturing polysilico in 2027-28.The group aims to generate 45 GW of renewable energy by 2030, two-thirds of which is being produced at the Khavra Renewable Energy Park in Gujarat.
Currently, imported polysilicon is used to make ingots which are converted into thin sheets called wafers which are used to make solar power cells. Adani wants to build local manufacturing capacity to meet this requirement to reduce India's dependence on countries like China.
Adani Enterprises Limited operates seven airports in the country. It is building a greenfield airport in Navi Mumbai, where it is expected to start operations by the end of FY2025, the official said, adding that the addition of the new airport is likely to lead to a huge surge in passenger traffic.
A large portion of the capital expenditure planned for 2024-25 (April 2024 to March 2025 fiscal year) will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, in an analyst call, the transcript of which was released by the company. Went.
"We are expecting capex of around Rs 80,000 crore in FY2025, the bulk of which...will go to ANIL and the airport business, which will have capex of around Rs 50,00 crore," he said.
ANIL Adani New Industries Limited manufactures solar modules that convert sunlight into electricity and green hydrogen.
“Then the third part will be on roads, which will be Rs 12,000 crore of capital expenditure due to the Ganga Expressway and the rest will be invested in other businesses,” he said, “because we are also starting our PVC project, so Rs 12,000 crore of capital expenditure.” There will be capital expenditure.“The PVC business will account for around Rs 10,000 crore, while the remaining data center will account for around Rs 5,000 crore.”
Shah said ANIL is targeting factories to produce 10 GW of solar modules and 3 GW of wind turbines.
He said, “For FY2026, the other capital expenditure will be for the initial requirements that we do not have to meet for our green hydrogen business, which will be as a kickstart for our green hydrogen as well as downstream products. "
Adani Group has started commercial production of wafers and ingots used to make solar cells and modules at its factory in Gujarat. It aims to become India's first integrated renewable energy player by manufacturing polysilico in 2027-28.The group aims to generate 45 GW of renewable energy by 2030, two-thirds of which is being produced at the Khavra Renewable Energy Park in Gujarat.
Currently, imported polysilicon is used to make ingots which are converted into thin sheets called wafers which are used to make solar power cells. Adani wants to build local manufacturing capacity to meet this requirement to reduce India's dependence on countries like China.
Adani Enterprises Limited operates seven airports in the country. It is building a greenfield airport in Navi Mumbai, where it is expected to start operations by the end of FY2025, the official said, adding that the addition of the new airport is likely to lead to a huge surge in passenger traffic.
