Adani Enterprises (AEL), the flagship company of the Gautam Adani Group, has allocated a capital expenditure (capex) budget of ₹80,000 crore for the current financial year, primarily directed towards new energy ventures and airports.
Saurabh Shah, Deputy Chief Financial Officer of AEL, disclosed that a substantial portion, amounting to ₹50,000 crore, will be channeled into the airports and new energy sector through Adani New Industries, a subsidiary established in 2022. This subsidiary specializes in green hydrogen, wind turbines, and solar modules.
AEL, known for incubating a variety of businesses, is also allocating ₹12,000 crore towards road infrastructure, particularly focusing on the Ganga Expressway.
Shah further elaborated, “We are commencing our PVC project, which will entail a capex of approximately ₹10,000 crore for the business. The remaining funds will be directed towards establishing a data center, with an estimated investment of around ₹5,000 crore.” Shah made these statements during a conference call with analysts.
Looking ahead, the company has outlined its vision for the future, with plans to venture into green hydrogen production and downstream products. The forthcoming fiscal year will witness initial investments aimed at kickstarting the green hydrogen business, aligning with Adani’s commitment to sustainable energy solutions.
