Chief financial officer Jugeshinder “Robbie” Singh announced on Tuesday that the Adani Group intends to invest Rs 1.3 trillion in all of its operations in FY25.
According to Singh, the airport and the renewable energy industry will receive the most of the investments. According to him, the financing strategy for these initiatives include raising up to $3 billion (Rs 25,000 crore) in equity capital across Adani Enterprises and other group portfolio businesses.
The approval of shareholders has already been obtained by Adani Enterprises and Adani Transmission to sell investors shares. Over the course of this year, the firm intends to refinance $3 billion in debt.
The Chief Financial Officer (CFO) at the media conference dismissed as “trivial” many of the warnings that the Sebi sent to group companies last month, alleging regulatory violations.
“A few notices are insignificant,” he remarked.
Addressing the capital expenditure plan, Singh stated that Adani Green Energy (AGEL) will spend roughly Rs 34,000 crore of the Rs 1.3 trillion investment. This fiscal year, the company intends to add 6GW to 7GW, according to Singh. Gujarat’s Khavda is home to Adani Green’s 30 GW renewable energy park.
Additionally, the group intends to raise $500 million for project funding during the current fiscal year. Eighty-five percent of the company’s capital expenditures in FY25, according to Singh, will go toward Adani New Industries (ANIL), Adani Connex, Adani Airports, and ARTL (rouds).
“We are mostly using this year to complete our assets. Copper is finished. By year’s end or early in the following one, we will finish the Navi Mumbai airport,” he declared.
The corporation will begin the initial public offering of its airport business by 2027–2028. It has ambitions to invest $100 billion in the energy transition and infrastructure sectors over the next ten years, according to Singh.
According to Singh, 68% of the funding for the total funding plan for the next ten years will come from internal cash flow.
According to recent statements made by the group’s chairman, Gautam Adani, the company manufactures every significant part needed to produce green energy.
In a year, the company logged 4.2 billion customer interactions across all of its operations. According to the CFO, after devoting all of the capital, margins are 30% and cash per share growth is 43.2%.
Also Read | Gautam Adani states at the AGM that he is prepared to profit from the infrastructure business
