Adani Group is ready with a check of Rs 80 thousand crores, this way it will become the king of aviation sector - Newztezz Online

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Sunday, May 12, 2024

Adani Group is ready with a check of Rs 80 thousand crores, this way it will become the king of aviation sector

Deputy Chief Financial Officer Saurabh Shah said the company is looking at a capital expenditure of around Rs 80,000 crore in FY2025, of which a major portion will go to ANIL and airport business, which will have a capital expenditure of around Rs 50,000 crore.

Adani Enterprises has planned to spend Rs 80,000 crore on different businesses in this financial year i.e. 2024-25. A large part of the total capital expenditure already decided for the financial year 2024-25 (April 2024 to March 2025) will be spent on the development of new energy sector and aviation sector. Deputy Chief Financial Officer Saurabh Shah said the company is looking at a capital expenditure of around Rs 80,000 crore in FY2025, of which a major portion will go to ANIL and airport business, which will have a capital expenditure of around Rs 50,000 crore.

This is the whole plan

ANIL, Adani New Industries, manufactures solar modules that convert sunlight into electricity and green hydrogen. He said that then the third part will be for roads, which will be a capital expenditure of Rs 12,000 crore due to Ganga Expressway and the rest will be invested in other businesses. Since we are also starting our PVC project, there will be a capital expenditure of around Rs 10,000 crore in the PVC business, while the remaining around Rs 5,000 crore will be in the data centre. Shah said ANIL is targeting factories to produce 10 GW of solar modules as well as 3 GW of wind turbines.

The company also focuses on green energy

He said that the other capital expenditure for FY 2026 will be for the initial requirements that we need to meet for our green hydrogen business, which will be as a kickstart for our green hydrogen as well as downstream products. Adani Group has started commercial production of wafers and ingots used to make solar cells and modules at its factory in Gujarat. It aims to become India's first integrated renewable energy player by manufacturing polysilicon in 2027-28. The group aims to generate 45 GW of renewable energy by 2030, two-thirds of which is being produced at the Khavra Renewable Energy Park in Gujarat.

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