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According to Gautam Adani News, the Adani Group experienced a remarkable 40 percent year-on-year EBITDA growth in the financial year 2023-2024 (FY24), recovering from a market capitalisation hit caused by a short-seller report in late FY23.
In FY24, the Adani Group’s EBITDA increased to Rs 660 billion, driven largely by Adani Power, which more than doubled its EBITDA due to capacity additions, higher volumes, increased merchant contributions, and lower imported coal prices.
Gautam Adani news highlighted that the Adani Group is resuming its expansion plans, focusing on a $90 billion capital expenditure over the next decade.
“Total group EBITDA grew 40 percent year-on-year in FY24, with a CAGR of over 27 percent. The Group raised fresh funds from equity, debt, and strategic investors, while promoters increased their stakes in group companies, leading to a rebound in market capitalisation,” as per Gautam Adani news.
Other group companies saw EBITDA growth ranging from 16 to 33 percent, except for Adani Wilmar, which experienced a year-on-year decline.
The growth of new businesses fuelled Adani Enterprises’ 29 percent year-on-year EBITDA growth (Adani New Industries Ltd/solar, airports) and IRM trading. A significant increase in unit EBITDA drove Ambuja Cement’s EBITDA growth, while Adani Ports saw a 24 percent volume growth leading to its EBITDA rise.
“Adani Enterprises is scaling its captive manufacturing capacity towards Green Hydrogen production by FY27, with the Navi Mumbai Airport expected to be operational by Q4 FY25, and data center projects are scaling up,” as per Gautam Adani news said.
Adani Green has increased its 2030 power capacity target from 45 GW to 50 GW, including 5 GW of pumped hydro. Adani Total Gas plans to expand into new business segments, including an LNG station network for the transport and mining sectors and EV charging facilities. At the same time, Adani Wilmar focuses on distribution expansion, ramping up alternative channels, and enhancing its mix of premium brands.
Strategic Vision and the Capex Plan
This $90 billion capex programme highlights a coherent strategy to unlock growth prospects across the Group’s operational segments and emerge as a pioneer in new areas. It is not just about domesticating already existing operations but also about diversifying into relevant future-focused prospects that align with the United Nations’ sustainable development goals.
Renewable Energy Expansion
Capex will be invested in increasing the company’s generation capacity, with a specific focus on renewable sources. AGEL aims to become the world’s largest renewable energy firm by 2030, with more than 45 GW of renewable power capacity. This ambitious goal will be achieved through investments in advanced technologies, alliances, and deals.
This is especially true with regard to green hydrogen, which has become the Group’s focus in its carbon-neutral strategy. Renewable-generated hydrogen, called green hydrogen, is anticipated to play an important role in the global decarbonisation process. Adani is already planning to build big green hydrogen plants; if so, India could soon be at the centre of the new hydrogen economy.
Digital and Data Centers
Like many other organisations, the Adani Group has not been left out of the digital transformation wave, as evident by Gautam Adani news. As it is aware of the strategic importance of data in the present-day economy, the Group is expanding its data centre investment. These advanced infrastructures will cater to increasing cloud needs and data centre requirements in India due to the growth of the digital economy.
At the same time, Adani companies have embarked on investment in data center projects for power and data distribution, which are green and environmentally friendly in their impact. This strategy is in line with the global trend to adopt environmentally friendly solutions in developing new infrastructure for digital services; it also shows the company’s devotion to sustainability in its activities.
Infrastructure Modernisation
The general focus on improving and developing the infrastructure situation in India continues to persist. The various new business opportunities that the Adani Group is considering now, besides ports and airports, include road, rail, and urban infrastructure. These projects incorporate the intentions to improve accessibility, relieve traffic jams, and improve the quality of life of millions of residents.
One of the priorities of fiscal year development plan in this direction is the creation of integrated industrial complexes. These clusters, situated close to the major transport networks, will offer premier environments for production, distribution and several service sectors. By combining these industries and creating clusters, these schemes are expected to boost the economy and create more employment opportunities.
Conclusion
Adani Group’s $90 billion capex plan clearly indicates its focus on growth and development. With a clear focus on renewable energy, digital transformation, and infrastructure upgrades in India, it is ideally positioned to be a key driver of India’s economic growth in the future.
