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Adani Enterprises (AEL), which has interests in new energy, transport and consumer businesses, has significantly expanded its capital expenditure (capex) to Rs 92,000 crore for FY25 as it prepares to be aggressive in its airport and green hydrogen businesses.
Jugeshinder ‘Robbie’ Singh, chief financial officer, AEL, said, “The total capex plan for FY24 across AEL will be approximately Rs 33,600 crore. We expect it to jump to Rs 92,000 crore next year.” This jump is driven by Rs 50,000 crore in Adani New Industries and Rs 10,000 crore in the airports business). “Everything else will be pretty much at the (current) run rate level,” Singh said in a post-earnings call.
AEL, which defines itself as an “incubator on establishing diverse new businesses”, has previously guided for a five-year capex cycle totalling $48 billion, out of which $41 billion will be for Adani New Industries and $44.3 billion for the airports business.
