Kolkata: A major player in the infrastructure and power sector, the Adanis will continue to invest more than Rs 2 lakh crore each year till 2030, in spite of the military conflict between Iran and the US-Israel combine, reports have said. These investments pertain to the sectors where the group is already active — ports, airports, roads, cement, renewable energy, power and transmission and data centres.
The Adani Group has significant exposure in the Gulf region and these are linked to logistics, trading and energy and are mostly in the UAE. According to reports, Karan Adani, managing director of Adani Ports & SEZ, has said that the country needs a diversified mix of energy which comprises solar energy, wind energy, advanced battery storage, green hydrogen and cleaner thermal power. One of the Adani group’s objective behind the Rs 2 lakh crore investment every year till 2030 is to ensure a steady supply of power at all times of the day and night. In quantified terms, the target is to reach a baseload power of 42 GW by 2030.
Revised strategy in FY27
The Adani group is going to unveil in revised strategy in the new financial year. This will take into account the volatile external sector where supply chain disruptions and energy price rise are exposing Indian businesses to new risks, reports stated. The Adani group has a capacity to generate 17 GW of renewable energy now. The management plans to raise it to 50 GW by FY30. Officials said this will be 10% of the country’s target of setting up a capacity to generate 500 GW of renewable energy capacity by that year.
In a recent presentation made to investors, Adani group stated that one of its objectives is to set up an integrated green hydrogen value chain. The target in this domain is to generate 2.1 million ton of the green fuel by 2034. By 2027, the targets for solar manufacturing capacity has been stated at 10 GW and wind turbine capacity at 4 GW.
Sectors of planned investments
Power transmission: Transmission infrastructure is one of the infrastructure areas which the group is focusing. This will be required for increasing generation capacity in different regions and connecting them. Adani Energy Solutions has chalked out investment plans of Rs 1.57 lakh crore by FY30. This will be helped by a an emerging sector of bidding pipeline.
Ports: Other sectors for investment boost are ports, airports, cement and highways. A mega plan by Adani Ports & SEZ is to double port capacity from 600 million ton to 1,200 million ton by the year 2030. Even in its current state, the network of ports, logistics parks and rail connectivity handles as much as about 25% of the country’s cargo. Needless to say, this share of the company is going to increase in the next few years.
Highways: In the highways business, the Adani group owns nine highways. This number will go up to 17, according to the plan. Adani Road Transport has already finished construction and related work for the Ganga Expressway, which is a project entailing a cost of Rs 36,000 crore. It connects the nearly 600-km stretch between Meerut and Allahabad. It could be inaugurated later this month.
Airports: India is one of the most promising civil aviation market and Adani Airport Holdings has planned to raise passenger handling capacity from 10 crore to 20 crore by 2030.
Cement: The plans in the cement business is to raise output from 115 million ton per annum to 155 million ton per annum by FY28. The cement business can whet the appetite of the busy infrastructure and real estate sector in the country.
Data centre: Data centre is another emerging area which the group wants to capitalize on. AdaniConnex is the vehicle for this business and it is a subsidiary of Adani Enterprises. The plan is to set up 1 GW of data centre capacity by 2030. This will take advantage of the growing AI and digital economy space in the country.