Adani Group to invest $14 billion in 2024-25, focus will be on ports, airports, energy sectors

Adani Group plans to invest more than Rs 1.2 lakh crore (about US $14 billion) in its business spanning ports, energy, airports, commodities, cement and media sectors in the next financial year starting from April 1. is planned. According to the information, the group has doubled its investment forecast from $ 100 billion to expand business in the next 7-10 years.

The estimated capital expenditure for the financial year 2024-25 is 40 percent more than the previous financial year. According to analysts, capital expenditure is estimated at around $ 10 billion in the financial year 2023-24 ending March 31. Sources said that these investments will lay the foundation for rapid profit growth. The group had earlier said that capital expenditure of $ 100 billion could be done in the next 7-10 years.

The majority of this investment is to be made in the group's fast-growing businesses – renewable energy, green hydrogen and airports. Most of the capital expenditure will be for green energy. Apart from this, expenditure will be made on airport and port businesses. Adani Group is going to build the world's largest green energy renewable park in Khavda, Gujarat. It will be spread over an area of 530+ square km. Its vastness can be estimated from the fact that its size will be five times the size of the city of Paris.

A major portion of the total investment has been earmarked for the expansion and development of its fast-growing airport business and port business. With a portfolio of 8 airports including the upcoming Navi Mumbai Airport and 14 domestic ports, Adani Group looks to further strengthen its presence in these regions.