Adani Group’s internal project manager to raise $1 billion

A private company owned by billionaire Gautam Adani and his family has been entrusted to oversee the infrastructure projects of all listed firms of the Adani Group as part of the tycoon’s plans to capture margins that would otherwise have gone to external parties

- Nehal Chaliawala

Adani Group's capex surged to ₹1.26 trillion in FY25, up from about ₹71,000 crore in the previous year.

(REUTERS)

Adani Infra (India) Ltd, the private company, is also looking to leverage its orderbook of over ₹50,000 crore to raise over $1 billion via private placement of dollar-denominated bonds, an executive directly aware of the plans said on condition of anonymity as the discussions are private.

The funds raised will be forwarded as promoter loans or equity contributions to Adani Group companies for their capex requirements.

The change in the Adani Group's strategy comes as it enters a phase of intense capital expenditure. The group’s capex surged to ₹1.26 trillion in FY25, up from about ₹71,000 crore in the previous year. For FY26, the plan is to spend ₹1.5 trillion. It spent ₹67,870 crore in the first six months of the year, as per its latest investor presentation.