Reading Time: 1 minutes
Adani Enterprises (AEL), the flagship company of Adani Group, has planned a capital expenditure of more than Rs 55,000 crore over the next few years in new energy, airport and road sectors, said the company
Adani New Industries (ANIL) is the newly formed company engaged in new energy business. ANIL which focuses on generation of green hydrogen, including downstream products, green electricity generation, manufacture of electrolyzers and wind turbines, will see a capex of around Rs 20,000 crore.
This investment will be part of the USD 50 billion investment announced by the group in green energy that will be made in the next nine to 10 years.
The total capex on manufacturing the ecosystem for ANIL planned will be approximately USD 2.4 billion depending upon the various ancillaries that develop. The company will focus on decarbonisation of industry and mobility through generation of its own green power.
The road segment, which is a part of the company’s transport and logistics vertical, will see the maximum capital expenditure outlay over the next five to six years. In terms of overall capex to 2027, is approximately Rs 34,000 crore.
The company has the largest share of Phase-1 (594 km) of the six-lane greenfield Ganga Expressway from Meerut to Prayagraj and the airport business of AEL will see an investment of at least Rs 14,000 crore over the next three years. With eight airports under its wing, the company took over Guwahati, Jaipur and Thiruvananthapuram airports in the recently concluded Q2/FY22.
The company has planned a capex of Rs 14,000 crore for Navi Mumbai airport and other airports over the next three years. It had a capex of Rs 6,000 crore in the airport business in 2022.