Adani to invest $120 bn in capex over 5 years

ANI India's Adani Group plans to invest more than $120 billion in capital expenditure over the next five years across its core infrastructure businesses and emerging growth platforms, its executives told Fortune India in an interview on Tuesday. Adani Group, one of India's largest conglomerates, has been expanding aggressively across infrastructure and energy, with investments spanning ports, airports, power, renewables and other sectors. Also Read: Adani Enterprises plans Rs 35,000-40,000 crore annual capex in next two years "Over the next five years, we plan to invest about $120 billion - over $20 billion a year - across all our businesses," Pranav Adani, a director at the group's flagship firm Adani Enterprises and the nephew of group chairman Gautam Adani , told Fortune India. Broadly, about 70% of these investments will be in energy, about 20% in transport and logistics and 10% in business adjacencies such as cement, copper, and aluminium, the report said. Live Events Also Read: Adani Ports makes $3.3 billion play for Evos Terminals Adani Group did not immediately respond to Reuters' request for comment. The report said the group estimates these investments will help double its asset base to 18 trillion rupees ($191.64 billion) and generate core earnings, or earnings before interest, taxes, depreciation and amortisation, of 2.6 trillion to 3 trillion rupees in five years. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on adani enterprises Adani Group investment Gautam Adani Fortune India Adani Group adani ports Adani Enterprises adani group $120 billion capital expenditure adani capital expenditure renewable energy Adani (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on adani enterprises Adani Group investment Gautam Adani Fortune India Adani Group adani ports Adani Enterprises adani group $120 billion capital expenditure adani capital expenditure renewable energy Adani Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Business of Odd Things: The farm that needs no land, freshwater, or fertiliser KYC and KYB: Inside Pidilite, the company that turned Fevicol into a word for a strong bond – Part 1 of 3 Seoul halts trading, Nifty has its best week since 2021: Money leaving the AI trade – will it land in India? Junk bonds are cracking at the bottom. Will the noise get loud enough to make ‘junk bond’ a household term again? PNG connections rise half a million, but how many use piped gas for cooking? Some elections matter more than you know: No crop changed in the fields, yet sugar, coffee and soya got cheaper in a day 1 2 3 View all Stories