Tag: AdaniGroup

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Adani’s H1 FY26 EBITDA hits ₹47,375 cr, capex surges

The Adani Group, India’s leading infrastructure and utilities conglomerate, reported strong financial performance for the first half of FY26, with record earnings and robust growth across its core businesses.

The portfolio’s half-year EBITDA reached an all-time high of ₹47,375 crore (USD 5.3 billion), pushing the trailing twelve months (TTM) EBITDA to ₹92,943 crore (USD 10.4 billion), up 11.2% year-on-year.

The Group’s infrastructure businesses, including utilities, ports, and incubated infrastructure projects under Adani Enterprises, accounted for 83% of H1 FY26 EBITDA, reflecting stable and long-term cash flows. Utilities like Adani Green Energy, Adani Power, Adani Total Gas, and Adani Energy Solutions, along with Adani Ports & SEZ, continued to perform strongly, demonstrating resilience amid a major capital expansion.

Adani’s H1 FY26 capex soared to ₹67,870 crore (USD 7.6 billion), bringing the total asset base to ₹6.77 lakh crore (USD 76 billion). The Group remains on track to achieve its FY26 capex target of ₹1.5 lakh crore, a figure equal to the portfolio’s total assets in FY19. Key expansions include the inauguration of the greenfield Navi Mumbai International Airport, new road projects in Bihar, and ropeway developments in Kedarnath.

The company maintained healthy financial discipline despite accelerated investments. Net debt-to-EBITDA stood at 3x, below the guided 3.5x–4.5x range, while cash reserves remained strong at ₹57,157 crore (USD 6.4 billion). Importantly, 52% of EBITDA now comes from AAA-rated domestic assets, highlighting the portfolio’s credit strength and investor appeal.

Operational highlights included a 49% year-on-year increase in Adani Green Energy’s capacity to 16.7 GW, a rise in port volumes at Adani Ports & SEZ to 244 MMT, and a 20% jump in Ambuja Cement’s sales to 35 MT. Adani Power added 4.5 GW of new power purchase agreements, targeting 42 GW capacity by 2032.

Commenting on the results, Group CFO Jugeshinder Singh said, “Our focus on disciplined execution, world-class operations, and strategic investments has delivered record performance. With rising AAA domestic ratings and strong cash generation, our infrastructure assets are increasingly attractive to global institutions.”

The Adani Group continues to emphasize sustainable growth, operational excellence, and long-term financial resilience, consolidating its position as a leader in India’s infrastructure landscape.

Also Read: TotalEnergies eyes ₹10,200 crore stake sale in Adani Green

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Adani Group backs indology with ₹100 crore funding

Gautam Adani, Chairman of the Adani Group, announced a ₹100 crore contribution to support a new initiative aimed at preserving and promoting India’s ancient knowledge systems. The announcement was made at the inaugural Adani Global Indology Conclave, a three-day event held at the Adani Corporate House in Ahmedabad.

Organised in collaboration with the Ministry of Education’s Indian Knowledge Systems (IKS) division, the conclave focuses on reviving Indology—the academic study of India’s civilisation, languages, philosophies, sciences, and cultural heritage. The funding will be used to develop the Bharat Knowledge Graph, a first-of-its-kind digital framework designed to structure, preserve, and future-proof India’s knowledge in the era of Artificial Intelligence.

“This is the repayment of a civilisational debt,” Mr Adani said, highlighting that the initiative will also support scholars and technologists working on the project. He added that without proactive efforts to protect cultural frameworks, human behaviour risks being shaped by “the cold logic of machine algorithms.”

As part of the initiative, the Adani Group and IKS will run a five-year programme supporting 14 PhD scholars across leading institutions. Research will cover disciplines such as linguistics, computational linguistics, ancient astronomy, heritage studies, traditional sciences, indigenous healthcare, traditional engineering, sustainability, political thought, and classical literature. Scholars were selected through a rigorous national consultation involving IITs, IIMs, IKS-focused universities, and senior academics. The programme aims to integrate classical knowledge with modern tools such as data science, systems thinking, and multimodal archiving.

Swami Avimukteshwaranand Saraswati, Jagadguru Shankaracharya of Jyotir Math, who was the guest of honour, praised the initiative for supporting India’s vision of becoming a Vishwaguru (global teacher).

Aligned with the National Education Policy (NEP) 2020, the initiative seeks to bring ancient Indian wisdom into contemporary education and research, making traditional knowledge relevant in modern academic and technological contexts. Rooted in the ethos of Vasudhaiva Kutumbakam treating “the world as one family”, the project reflects the Adani Group’s commitment to nation-building, soft power, and civilisational leadership.

Also Read: Adani Enterprises wins Golden Peacock ESG Award

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Adani secures ₹63,000 cr worth power projects in Assam

Adani Power and its affiliate Adani Green Energy Ltd have won two major contracts from Assam Power Distribution Company Limited, aiming to strengthen the state’s power infrastructure with a combined investment of around ₹63,000 crore.

Under the first project, Adani Power will build a 3,200 MW ultra-supercritical thermal power plant. The plant will have four units of 800 MW each and is expected to start operations in phases from December 2030, with full commissioning by December 2032. The project will be developed under a design-build-finance-own-operate model, supplying electricity to Assam under a long-term agreement. Coal for the plant will be procured following government guidelines to ensure steady fuel availability. The estimated investment for this project is around ₹48,000 crore.

The second project involves a 500 MW pumped hydro energy storage facility to be developed by Adani Green’s subsidiary. This is part of a wider plan to set up two pumped storage plants in Assam with a combined capacity of 2,700 MW and an investment of roughly ₹15,000 crore. Pumped storage allows electricity to be stored and released when needed, improving grid stability and supporting reliable power supply. The project will operate under a fixed tariff for 40 years from the start of commercial operations.

These projects come as the Adani Group expands into both traditional thermal power and large-scale storage solutions, reflecting Assam’s push to increase electricity generation and strengthen the grid. The initiatives are expected to boost regional infrastructure, create local employment opportunities, and enhance supply chain engagement, though the projects have long-term timelines.

Overall, these twin contracts mark a major expansion for the Adani Group in northeast India and align with national priorities to enhance generation capacity, introduce storage solutions, and build a stronger, more resilient power grid for the future.

Also Read: Adani Cement’s big green leap with TNFD adoption, a first in India

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Adani Group enters battery storage with India’s largest project

The Adani Group has announced its entry into the Battery Energy Storage Systems (BESS) sector with a major project at Khavda, Gujarat. The new system will have a capacity of 1,126 MW and can store 3,530 MWh of power, making it India’s largest battery energy storage project and one of the biggest in the world. It is expected to be ready by March 2026.

The project will use more than 700 large battery containers to store solar energy, which can then be supplied when demand is high or sunlight is low. This will help keep the power supply steady, reduce pressure on the grid, and make better use of renewable energy.

Located at the world’s largest renewable energy park in Khavda, the system will use advanced lithium-ion batteries and smart energy management technology to improve efficiency and reliability.

Gautam Adani, Chairman of the Adani Group, said, “Energy storage is the cornerstone of a renewable-powered future. With this project, we aim to make clean, reliable, and affordable energy available at scale while supporting India’s goal of energy independence.”

After this project, the Group plans to add 15 GWh of battery storage by 2027 and reach 50 GWh within five years, a step toward building a strong and sustainable energy future for India.

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