Adani Group to Invest $15-20 Billion Across Businesses in 5 Years: Gautam Adani

These are not just investments in our group, but investments in possibilities for doing our part to build India's infra

- OUR CORRESPONDENT

NEW DELHI: The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, Chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces.

Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centers, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said while addressing the group's annual general meeting virtually.

"In terms of consolidated numbers, at the group-level, revenues grew by 7 per cent, EBITDA by 8.2 per cent, and our net debt-to-EBITDA ratio remained healthy at 2.6x. Total revenues were Rs 2,71,664 crore and our adjusted EBITDA was Rs 89,806 crore," he said.

Adani said the objective of his conglomerate is not to just build businesses—it is to create new possibilities. "Not just to serve markets—but to serve our nation's destiny. Not to chase valuation. But build valuation—brick by brick."