Adani Energy aims 16% rise in FY24 capex to ₹7,000 cr

The company is planning to increase its capital expenditure outlay by about 10% every year

- Naman Suri & Mihir Mishra

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.