Adani Group to raise ₹2.5 tn over five years to fund capex

Adani Group needs to raise about ₹2.5 trillion (about $30 billion) over the next five years to meet its $100-billion capital expenditure plan and meet its debt obligations, two top executives said.

- Nehal Chaliawala

The capital investments will be focused on the energy and utilities and the infrastructure and logistics sectors, said Sagar Adani, executive director of Adani Green Energy Ltd and nephew of Adani Group chair Gautam Adani.

Sagar Adani spoke with Mint on Wednesday in his first media interview since US authorities in November charged him, along with Gautam Adani and group executive Vneet Jaain, with securities fraud. He did not comment on the subject.

Gautam Adani said in his recent annual address to shareholders of flagship company Adani Enterprises Ltd that the group would invest $15-20 billion (₹1.3-1.7 trillion) annually over the next five years.

That investment figure was the base case, said Jugeshinder Singh, Adani Group's chief financial officer, adding that under ideal circumstances the investments could be higher.