The Adani Group is taking three foundational steps to build the organisation that will execute its vision over the next decade, including moving non-core activities to its Global Capacity Centres (GCCs) or third parties, said Chairman Gautam Adani while addressing shareholders at Adani Enterprises Ltd’s Annul General Meeting on Wednesday (June 24, 2026). 

“Firstly, we are simplifying the way we work. We are putting in place a three-layer structure across both our headquarters and our sites to reduce bureaucracy, sharpen accountability and bring decisions closer to execution,” he said. 

“Every role, every process and every layer must add value. Non-core activities will move either to our GCCs or to nominated partners,” he added. 

Second, the Group will change the way it works with contractors. 

“We see them as long-term partners in nation-building. We will build deeper, more stable partnerships where their growth is supported, their margins are protected and their interests are aligned with ours to help us deliver projects with greater speed, quality and ownership,” Mr Adani said. 

Thirdly the Group is placing worker-dignity at the heart of its transformation. 

“Across our own and contractor workforce of nearly 4 lakh people, almost 85% are people who work on the ground at our sites. They are the people who turn our plans into reality. And we are committed to ensuring that every worker is treated with dignity,” he emphasised.

“This means clean living conditions, hygienic food, access to medical support, safe working environments and fair wages paid on time,” he added. 

Commenting on FY 25-26, he said the Group during the year made a record capital investment of more than ₹1.5 lakh crore in hard infrastructure. 

“To put that in perspective, this represented over 30% of India’s total new private-sector capital expenditure for the year,” he said.

“For us, this is more than a financial number. It is a statement of belief and there can be no stronger testimony to our commitment to nation-building than the scale at which we continue to invest in the infrastructure that will power India’s next chapter,” he stated. 

​Stating that the theme of his address this year focuses on — Accelerating Infrastructure, Leveraging Intelligence, he said these were no longer two separate priorities. 

“They are the twin global engines that must shape India’s strength, secure India’s sovereignty and accelerate India’s journey to becoming one of the defining powers of this century,” he said.

The first engine, infrastructure, is the roads, ports, airports, transmission lines, power plants, renewable parks, gas networks, logistics platforms, cement capacity, water systems and industrial ecosystems that make national growth possible, he pointed out.

The second engine, intelligence, is data centres, the use of AI, automation, predictive systems, digital platforms, real-time analytics and machine-led decision support to make every one of these assets more responsive, he stayed. 

“Infrastructure gives a nation muscle. Intelligence gives a nation mastery. And, today, the two are inseparable,” Mr. Adani emphasised.

He said Adani Group is now one of the very few global companies that are “not reacting to the future but are prepared for it.”

“The fact is that we have been positioning for this day for years. We saw early that the world was entering a new era, one where geopolitical faultlines would deepen, supply chains would fragment, and energy security would return as a strategic priority,” he stated.

“We saw that the race for technological leadership and sovereignty would be constrained not by ambition, but by infrastructure,” he added. 

Towards it’s long term vision the Group, he said, would enable India’s infrastructure-led growth, integrate AI with physical assets at scale, support energy security and supply chain resilience and bet on AI amplifying India’s 1.4 billion population into a growth multiplier.

He said the Group is building a data centre platform targeting 3 GW capacity by 2030. Adani Power with a capex of ₹2 lakh crore is targeting 45 GW thermal capacity by FY32. In nuclear energy via Adani Atomic Energy the Group plans 10 GW capacity by 2035.

Published – June 24, 2026 12:26 pm IST

Adani group companies reported a record capital expenditure of ₹1.53 lakh crore ($16.1 billion) and an all-time high EBITDA of ₹94,834 crore ($10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.

The investment programme — the largest annual capex undertaken by an Indian corporate group — lifted the portfolio’s gross asset base to ₹7.85 lakh crore ($82.8 billion), with nearly 80% of spending directed towards energy, utilities, transport, and logistics businesses.

Consolidated EBITDA rose 5.6% year-on-year, according to the group’s annual results and credit compendium released on Tuesday (June 2, 2026).

Nearly 80% of FY26 investments were directed toward core infrastructure businesses, including energy, utilities, transport, and logistics, underscoring the group’s continued focus on sectors linked to India’s infrastructure build-out.

The investment cycle comes as several large projects entered operations, including 5.1 GW of renewable energy capacity, battery energy storage systems, Navi Mumbai International Airport, the Guwahati terminal, the Ganga Expressway, and a copper smelter.

The ports-to-energy conglomerate said these assets are expected to contribute more meaningfully to earnings and cash flows FY27 onwards.

Core infrastructure businesses generated ₹82,083 crore of EBITDA during FY26, accounting for 87% of portfolio earnings. The transport segment, led by Adani Ports, recorded the strongest growth, with EBITDA rising 23.2% to ₹25,228 crore. Utility businesses reported EBITDA growth of 4.6% to ₹45,377 crore.

Despite the sharp increase in capital spending, the group maintained net debt-to-EBITDA at 3.3 times, below its stated ceiling of 3.5 times. Cash and cash equivalents stood at ₹55,852 crore at the end of March, equivalent to 15% of gross debt.

Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 17 months.

The group’s average borrowing cost declined to 7.8% in FY26 from 9% two years earlier, supported by rating upgrades across operating companies. Adani said all of its assets now carry domestic credit ratings of A- or higher.

Among key businesses, Adani Green Energy expanded operational renewable capacity by 5.1 GW to 19.3 GW, while Adani Ports handled a record 500.8 million metric tonnes of cargo, up 11% from a year earlier.

Adani Energy Solutions reported an under-construction transmission pipeline worth ₹71,779 crore and crossed 10 million smart meter installations.

Adani Enterprises, the group’s incubator business, raised ₹24,930 crore through a rights issue during the fiscal year under review, while its airports portfolio handled 95.3 million passengers across eight airports.

The results highlight the group’s transition into a new investment phase after years of rapid balance-sheet expansion, with management positioning infrastructure, energy transition and logistics as the primary drivers of future growth.

“FY26 marks an important inflection point for the Adani Portfolio, as group companies began its next phase capex cycle. The scale of capital deployment during the year is comparable to the asset base we had built over our first 25 years, reflecting both the infrastructure opportunity before India and the group’s confidence in its long-term growth trajectory,” according to compendium, which provided an overview of performance and insights into its credit strength and long-term resilience.

Giving operational details, it said renewable energy arm, Adani Green Energy Ltd. saw operational capacity expand by 5.1 GW to 19.3 GW. It had BESS capacity of 1.38 GWh at the end of FY26, now scaled to 3.37 GWh at Khavda in Gujarat — one of the largest single-location deployments.

Electricity transmission company Adani Energy Solutions Ltd had under-construction transmission pipeline of ₹71,779 crore and crossed 1 crore smart meters installation. It has an order book at 2.5 crore as against national opportunity of 10.3 crore.

Adani Power is targeting a capacity of 42 GW by FY32, with 23.7 GW already locked-in vs current 18.2 GW.

Adani Ports & SEZ Ltd handled 11 per cent more cargo at 500.8 million tonnes. It completed acquisition of NQXT Australia (50 milion tonnes capacity) in December 2025.

Ambuja Cements completed acquisition of Orient Cement, strengthening market position. Cement sales volumes rose 16.1% to 73.7 million tonnes in FY26.

Headquartered in Ahmedabad, the Adani Portfolio is the country’s largest and fastest-growing platform of diversified infrastructure businesses, spanning energy and utilities, transport and logistics, metals and materials, and consumer sectors.

Published – June 02, 2026 10:56 pm IST

Adani Ports and Special Economic Zone Ltd said the acquisition will further consolidate the company’s inland logistics presence and service capabilities in North India. File
| Photo Credit: Reuters

The November 2024 indictment in New York accused Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a vast bribery scheme
| Photo Credit: Reuters

Adani Enterprises on Friday responded to queries raised by BSE Limited and NSE following a Bloomberg report titled “US regulator seeking measures to serve Gautam, Sagar Adani legal summons,” stating it is not a party to the legal proceedings and that the matter does not trigger any disclosure requirements under India’s listing regulations.

Adani Enterprises said it had already addressed similar media queries in a clarification issued on November 21, 2024. “There are no allegations made against the Company in, and the Company is not party to, these proceedings,” the company stated in its filing.

The company further said that the contents of the press report do not require any disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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The clarification was issued after the stock exchanges sought the company’s response under Regulation 30(11), which requires listed entities to comment on media reports that may impact investor perception or warrant disclosure.

A media report had cited a Bloomberg story stating that the US Securities and Exchange Commission was seeking court permission to use alternative measures to notify Gautam Adani and Sagar Adani of legal proceedings. The report had noted that it had not independently verified the information.

In its filing, Adani Enterprises reiterated that the reported developments do not involve the company and therefore do not have any bearing on its disclosures or compliance obligations. The company requested the exchanges to take the clarification on record.

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SBI’s ‍mutual fund unit has committed to pick up at least ​10% of Adani Power’s nearly $820 million rupee-denominated bond ‌issue. File
| Photo Credit: Reuters

Ahmedabad:

The Adani Group, India’s largest infrastructure player, has announced its financial performance for Q3FY25 along with trailing-twelve-month (TTM) EBITDA, reported a record-breaking TTM EBITDA of Rs 86,789 crore, reflecting a year-on-year (YoY) growth of 10.1 per cent.

According to a media release by Adani group, the company has outlined its plans for a high capital expenditure (Capex) phase, akin to its growth period between FY20 and FY22, as it continues to expand its infrastructure footprint across various sectors.

Adani Portfolio’s financial performance remains driven by its core infrastructure businesses, which include utilities, transport, and incubating infrastructure ventures under Adani Enterprises Ltd (AEL).

These segments contributed 84 per cent of the total EBITDA, underscoring the group’s focus on strengthening India’s infrastructure ecosystem.

The portfolio EBITDA surged 17.2 per cent YoY to Rs22,823 crore in Q3FY25, while on a TTM basis, the infrastructure segment alone generated Rs72,795 crore, up 10 per cent YoY.

With a strong balance sheet and ample liquidity, Adani Group has ensured robust financial stability. As of September 30, 2024, the company maintained a cash balance of Rs53,024 crore, covering its debt servicing obligations for at least the next 12 months.

Furthermore, the group’s asset base stood at Rs5.53 lakh crore, Rs75,277 crore higher than at the end of FY24, while its net debt-to-EBITDA ratio remained at a healthy 2.46x.

Adani Enterprises Ltd (AEL) continues to be a key driver of growth, reporting a 15.6 per cent YoY rise in EBITDA to Rs4,243 crore for Q3FY25.

The company successfully raised Rs4,200 crore (USD 500 million) through a Qualified Institutional Placement (QIP), strengthening its financial position for upcoming infrastructure developments.

Its renewable energy arm, Adani New Industries Ltd (ANIL), recorded a 74 per cent YoY increase in solar module sales, reaching 3,273 MW.

Additionally, Adani’s airports business witnessed a 7 per cent YoY increase in passenger movements to 69.7 million, while its data center operations saw Hyderabad Phase 1 (9.6 MW capacity) becoming operational, with Noida (50 MW) and Hyderabad (48 MW) nearing completion.

Adani Green Energy Ltd (AGEL), a key player in the group’s renewable energy ambitions, expanded its operational capacity by 37 per cent YoY to 11.6 GW. The company recently secured a Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to supply 5 GW of solar power for 25 years, marking another milestone in its sustainability agenda.

Meanwhile, Adani Energy Solutions Ltd (AESL) raised USD 1 billion through QIP and secured five new transmission projects, significantly expanding its infrastructure pipeline, which now stands at Rs54,700 crore–three times the level at the end of FY24.

Adani Power Ltd, a major contributor to the group’s utility segment, reported an impressive 21.4 per cent YoY increase in Q3FY25 EBITDA to Rs6,078 crore.

The company’s consolidated plant load factor (PLF) improved to 69 per cent for 9MFY25 from 62 per cent in the same period last year, with sales growing 22 per cent YoY to 69.5 billion units. Adani Total Gas Ltd also witnessed strong operational growth, adding 58 new CNG stations, bringing the total count to 605.

CNG volumes increased by 19 per cent YoY, while PNG household connections rose to 9.22 lakh, along with 1,914 EV charging points installed across 26 states and UTs.

Adani Ports & SEZ Ltd (APSEZ) maintained its position as India’s largest commercial port operator, handling 332 million metric tons (MMT) of cargo in 9MFY25, marking a 7 per cent YoY increase.

This growth was driven by a 19 per cent rise in container volume and a 13 per cent uptick in bulk cargo shipments. The company’s logistics arm also handled 0.48 million twenty-foot equivalent units (TEUs) of container volumes, reflecting a 9 per cent YoY increase.

Adani Cement Ltd, which includes ACC and Ambuja Cements, recorded a strong performance, with clinker and cement sales volumes growing by 9.3 per cent to 46.6 MMT.

The company is aggressively expanding its capacity, with 21 MTPA under execution. By March 2025, Adani Cement’s total capacity is expected to reach 104 MTPA, including the recently acquired Orient Cements.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

New Delhi:

US President Donald Trump has ordered a pause in the enforcement of a nearly half-century-old law that was used to go after the Adani Group under the previous Biden administration.

The Foreign Corrupt Practices Act (FCPA) bans firms and people with US ties from offering money or gifts to foreign officials to secure business overseas.

President Trump had considered pausing the law during his first term.

“It sounds good on paper, but in [practice] it’s a disaster,” President Trump said on the FCPA, the British daily Financial Times reported. “It means that if an American goes over to a foreign country and starts doing business over there legally, legitimately or otherwise, it’s almost a guaranteed investigation, indictment and nobody wants to do business with the Americans because of it.”

The order marks one of the boldest enforcement policies issued by the Trump administration, FT reported.

The Adani Group – the largest and fastest-growing portfolio of diversified businesses in India – last year strongly denied allegations by the Biden administration that some company officials were part of an alleged scheme to pay over $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts.

“… Over-expansive and unpredictable FCPA enforcement against American citizens and businesses – by our own Government – for routine business practices in other nations not only wastes limited prosecutorial resources that could be dedicated to preserving American freedoms, but actively harms American economic competitiveness and, therefore, national security,” the White House said in a statement on pausing the FCPA.

“It is therefore the policy of my Administration to preserve the Presidential authority to conduct foreign affairs and advance American economic and national security by eliminating excessive barriers to American commerce abroad,” President Trump’s executive order said.

The executive order that President Trump signed asked the US Attorney General to “review in detail all existing FCPA investigations or enforcement actions and take appropriate action with respect to such matters to restore proper bounds on FCPA enforcement and preserve Presidential foreign policy prerogatives”.

Following the executive order to pause the enforcement of the FCPA, stocks of all Adani Group firms saw substantial gains today. The most notable gainer was Adani Enterprises Ltd, whose stock rose 4.28 per cent. Following closely was Adani Power Ltd, which rose 4.17 per cent to Rs 511.90 apiece.

Adani Green Energy Ltd was the third top gainer, as it rose 3.34 per cent to Rs 985.90 apiece. New Delhi Television Ltd (NDTV) stock rose 3.84 per cent to Rs 145 apiece. The shares of Adani Energy Solutions Ltd, Adani Total Gas Ltd, and Adani Ports and Special Economic Zone Ltd also saw gains.

On Monday, six US Congressmen in a letter to Attorney General Pam Bondi said the previous Department of Justice’s (DoJ) action was a “misguided crusade” that came at the “risk of harming” America’s relationship with a “strategic geopolitical partner” like India.

They called it one of the “unwise decisions” by the Biden administration.

“This case rests on the allegation that preparations were made by members of this company in India to bribe Indian officials, also exclusively located in India. Instead of deferring the case to the appropriate Indian authorities, the Biden DoJ decided to push forward and indict the company’s executives without any real injury to US interests being present,” the six Congressmen said.

The Adani Group has interests in logistics (seaports, airports, logistics, shipping and rail), resources, power generation and distribution, renewable energy, gas and infrastructure, agro (commodities, edible oil, food products, cold storage and grain silos), real estate, public transport infrastructure, consumer finance and defence, and other sectors.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

New Delhi:

Adani Group on Tuesday committed to investing Rs 2.3 lakh crore over the next five years across power, cement, industrial parks, aluminium and city gas expansion in Odisha. According to a statement by the group, the investment commitment was made during Utkarsh Odisha 2025 – the state’s investor meeting.

Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), met state Chief Minister Mohan Charan Majhi and exchanged MoUs for investment in Odisha over the next five years, it added.

“The Adani Group committed to invest Rs 2.3 lakh crore over the next five years across power, cement, industrial parks, aluminium, city Gas etc,” the statement said.

It, however, did not give details.

“This is the biggest investment intent by any group in Utkarsh Odisha 2025.” Also, the first test flight landed at Dhamra Airstrip successfully on Tuesday.

Additionally, on the occasion of Utkarsh Odisha, six projects of ATGL in Odisha were commissioned. These include an EV charging station at Bhubaneswar airport and the completion of the city gate station cum mother station project.

Other projects include the groundbreaking for an LNG cum multi-fuel hub at Bhadrak, a CNG station in Balasore, the first domestic piped cooking gas charging and burner in Bhadrak and a CNG station project completion at Rairangpur (1st in the city) of Mayurbhanj district.

“It will be open to the public soon,” it added.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

New Delhi:

The Adani Group Chairman, Gautam Adani, on Monday met the Israeli Ambassador to India, Reuven Azar, and his wife Rachel Azar along with other officials, and discussed India-Israel collaboration.

In a post on X social media platform, Gautam Adani said the company remains committed to continuing to invest and expand its partnership with Israel.

“Honoured to meet with Israeli Ambassador H.E. @ReuvenAzar and Mrs Rachel Azar, along with their team. Had productive discussions on doing our part for supporting India-Israel collaboration, particularly regarding India-Middle East-Europe Economic Corridor (IMEC) and defence partnerships,” the Adani Group Chairman posted.

Honoured to meet with Israeli Ambassador H.E. @ReuvenAzar and Mrs Rachel Azar, along with their team. Had productive discussions on doing our part for supporting India-Israel collaboration, particularly regarding IMEC and defence partnerships. Through Haifa Port and Adani Israel… pic.twitter.com/9BP5UFsG4A

— Gautam Adani (@gautam_adani) January 20, 2025

“Through Haifa Port and Adani Israel Ltd, the Adani Group remains firmly committed to continuing to invest and expand our enduring partnership with Israel,” he added.

In 2023, The Adani Group acquired the strategic Israeli port of Haifa for $1.2 billion. The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships.

The India-Middle East-Europe Economic Corridor (IMEC) is an important initiative that can add to India’s maritime security and faster movement of goods between Europe and Asia.

The IMEC was launched during India’s G20 presidency and aims to integrate India, Europe, and the Middle East through UAE, Saudi Arabia, Jordan, Israel and the European Union.

Lower logistics costs, faster connectivity and secure movement of goods are dependent on better cooperation in this area.

Adani Ports is the largest port developer and operator in India with seven strategically located ports and terminals on the west coast and eight ports and terminals on the east coast, representing 27 per cent of the country’s total port volumes.

The company is also developing a transhipment port at Colombo and Container Terminal 2 at Dar Es Salaam Port in Tanzania.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)