Try GOLD - Free
Adani Energy aims 16% rise in FY24 capex to ₹7,000 cr
Mint Mumbai
|August 03, 2023
The company is planning to increase its capital expenditure outlay by about 10% every year
Adani Energy Solutions Ltd (AESL) is targeting a capital expenditure of ₹7,000 crore in this financial year, a more than 16% rise from the previous year, said Anil Sardana, the company’s managing director and chief executive, in an interview.
The company is planning to increase its capital expenditure outlay by about 10% every year, he added. “We are sitting with a huge order book. Close to ₹20,000 crore of successful orders on the transmission side; ₹5,800 crore for smart metres, and ₹5,600 crore already sanctioned by a regulator from Mumbai. We will be targeting about ₹7,000 crore, plus-minus ₹500 crore, for this financial year. And, that will be growing by 10% every year." In FY23, AESL’s expenditure was at over ₹6,000 crore, he added.
This story is from the August 03, 2023 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Fourth-gen heir’s bold bioplastics bet over sugar
As Balrampur Chini Mills Ltd (BCML), a 50-year-old sugar producer in Uttar Pradesh, builds its first bioplastic plant, the company’s fourth-generation promoter already has ideas on how to further diversify beyond its sugar and ethanol business.
3 mins
October 04, 2025
Mint Mumbai
FM, RBI guv see India as global anchor amid flux
Local consumption, strong fundamentals position India as stabilizing global force
3 mins
October 04, 2025
Mint Mumbai
How the Trump administration learned to love foreign aid
Nobody expected President Donald Trump to save a country from financial crisis. Yet on October 14th he will meet Javier Milei, Argentina's president and an ideological ally, to discuss the details of a rescue package.
4 mins
October 04, 2025
Mint Mumbai
Margin trades soar amid weak returns
Retail investors borrowing money from brokers to buy shares have been doubling down on some of India's worst-performing blue chips, in the hope that these stocks will bounce back despite steep declines over the past year.
2 mins
October 04, 2025
Mint Mumbai
Lawyers keep close eye on first class action lawsuit
Law firms are closely watching the case of minority shareholders of Jindal Poly Films against promoters Shyam Sunder Jindal and Subhadra Jindal over an alleged “siphoning of assets” of more than ₹2,500 crore—the first corporate class action suit in India under a provision of the Companies Act that has never been used before.
2 mins
October 04, 2025
Mint Mumbai
India faces WTO scrutiny over import curbs, quality control
India has come under fresh scrutiny at the World Trade Organization (WTO) over its import restrictions and quality control orders, with several members questioning if New Delhi's measures related to pulses, tyres and air conditioners constituted trade barriers.
2 mins
October 04, 2025
Mint Mumbai
Kuku FM looks to raise up to $80 mn
Audio streaming platform Kuku FM has signed a term sheet to raise about $70-80 million in new funding, with South Korean-based video game publisher Krafton leading the round alongside existing investors, three people familiar with the matters said.
1 min
October 04, 2025
Mint Mumbai
Draft gaming rules trigger pushback from stakeholders
India’s beleaguered online real-money gaming industry stakeholders have questioned what they call ambiguities in the draft rules of the law that ban any game involving financial winnings.
1 mins
October 04, 2025
Mint Mumbai
Delhi, TN, Maha lead e-bus sales surge in H1
Govt incentives, charging infrastructure also fuel e-bus demand in Odisha
2 mins
October 04, 2025
Mint Mumbai
‘25% tests positive for H3N2’
Is flu rampant at your home and neighbourhood? You are not alone. India is witnessing a surge in influenza cases this year with data from hospitals across the country showing that one in four people sampled have tested positive for the virus.
1 min
October 04, 2025
Translate
Change font size