Adani portfolio reported record FY26 capital expenditure of ₹1,52,967 crore, the highest annual capex by any Indian corporate, alongside an all-time high EBITDA of ₹94,834 crore, according to a media release issued on Tuesday.

The company said nearly 80% of the investments were directed towards core infrastructure businesses spanning energy, utilities, transport and logistics. The asset base rose to ₹7,85,098 crore, while cash at year-end stood at ₹55,852 crore, equal to about 15% of gross debt.

According to the release, the net debt to EBITDA of Adani portfolio remained at 3.3x, below its guided level of 3.5x, even after the aggressive capex cycle.  Borrowing costs declined to 7.8% in FY26 from 9% two years ago, aided by rating upgrades, and all Adani assets now carry domestic ratings of A- or higher, it said.

EBITDA for FY26 rose 5.6% from a year earlier to ₹94,834 crore, with core infrastructure contributing 87% of earnings.  Within the portfolio, Adani Ports & SEZ posted EBITDA of ₹25,228 crore, Adani Power ₹23,321 crore, Adani Green Energy ₹12,075 crore and Adani Energy Solutions ₹8,726 crore.

The release said several new assets entered operation during FY26 or shortly after, including 5.1 GW of renewable energy capacity, 3.37 GWh of battery storage, Navi Mumbai International Airport, Guwahati Terminal and the Ganga Expressway.  It said these assets would contribute more meaningfully from FY27 onward.

Adani Enterprises said airports handled 95.3 million passengers, road construction reached 1,452 lane km and mining services volumes rose 14.1%.  Adani Ports reported cargo volumes of 500.8 MMT, up 11%, while Ambuja Cements said cement sales volumes rose 16.1% to 73.7 MT.

Gautam Adani remains the richest person in Asia, according to the latest data Bloomberg Billionaires Index, with his wealth estimated at about $116 billion. That ranking can shift with market moves, but the latest widely reported position places him ahead of Mukesh Ambani.