Adani Group logs 7% FY25 growth, sets $20 bn capex target for 5 years

As the Adani Group posts record highs across power, ports, airports, and cement, Gautam Adani announces a $20 billion annual capex push to drive India's infra, energy, and green transition goals

Adani Group Chairman Gautam Adani on Tuesday announced robust financials across verticals during the group’s Annual General Meeting (AGM) for FY25. The ports-to-power conglomerate reported a 7 per cent rise in consolidated revenues to ₹2,71,664 crore ₹89,806 crore, with a healthy net debt-to-Ebitda ratio of 2.6x, the chairman announced at the AGM.

 

“Even in a year of turbulence, we saw record-breaking revenue, unprecedented growth, and historic profitability,” said Adani, addressing shareholders. “Across all our sectors, we did more than just scale. We created impact, inspired change, and, most importantly, deepened our national commitment.”

 

Powering growth across sectors

 

According to Gautam Adani, Adani Power has generated over 100 billion units of electricity, the highest by any private company in India. The company aims to reach a total capacity of 31 GW by 2030.

 

 

Adani Green Energy is constructing a large renewable energy park in Khavda, Gujarat, with a target of 50 GW by 2030. By combining thermal, renewable, and pumped hydro sources, it plans to achieve 100 GW of total capacity by the end of the decade.

 

Adani Energy Solutions has received transmission orders worth ₹44,000 crore. Adani New Industries is working on a solar module manufacturing facility with 10 GW capacity, expected by next year. Adani Ports handled 450 million metric tonnes of cargo in FY25. 

 

Push for cement, greenfield airport

 

Adani Airports served 94 million passengers in FY25 and successfully tested a flight at the upcoming Navi Mumbai Airport, which is expected to open later this year. Once operational, it will handle 90 million passengers annually, raising Adani's share in airport traffic to 35 per cent.

 

In defence, Adani drones were used in Operation Sindoor and its anti-drone systems were deployed for security purposes. Adani Total Gas now serves one million PNG customers and has installed 3,400 EV charging stations across 22 states.

 

Dharavi redevelopment and social initiatives

 

Gautam Adani highlighted the Dharavi Redevelopment Project, which aims to provide housing and infrastructure for over one million residents. The plan includes better layouts, public spaces, schools, hospitals, and transport hubs.

 

He also mentioned the group’s ₹60,000 crore pledge for healthcare, education, and skill development, including 1,000-bed hospitals in Ahmedabad and Mumbai in partnership with Mayo Clinic, and a ₹2,000 crore skill university in Mundra, developed with global partners. 

 

Standing strong amid scrutiny

 

Gautam Adani also addressed the controversies surrounding Adani Green Energy, noting that despite investigations by the US Department of Justice and SEC, “no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice.”

 

“We live in a world where negativity often echoes louder than the truth,” he said. “But our governance is of global standards, and our compliance frameworks are non-negotiable.” He reiterated the group’s resilience: “True leadership is not built in sunshine. It is constructed in the fire of crisis.”

 

Economic outlook and investment plan

 

Adani commented on India's stable growth despite global political and economic shifts, crediting the central and state governments for enabling long-term development.

 

He revealed a capital expenditure plan of $15–20 billion annually over the next five years. “These are not just investments in our group, but investments in the possibilities for doing our part to build India’s infrastructure,” he said.