Adani Group to spend $15–20 billion on capex annually over next 5 years: Gautam Adani

Adani Group chairman Gautam Adani on Tuesday said he anticipates an annual capex spend of $15–20 billion over the next five years.

"These are not just investments in our Group, but investments in the possibilities for doing our part to build India’s infrastructure," Adani said at the Annual General Meeting of Adani Enterprises Ltd .

Adani said that Adani Group has never backed down even in the face of relentless scrutiny. “We proved that the true leadership is not built in sunshine but is constructed in the fire of crisis. This was tested again last year when we faced allegations from the US Department of Justice relating to Adani Green Energy . Despite all the noise, the facts are that no one from the Adani Group has been charged with violating FCPA (Foreign Corrupt Practices Act) and conspiring to obstruct justice,” Adani said.

The world has changed dramatically over the past 12 months, he said. “Over 60 nations went to the polls, borders were redrawn, alliances tested and economies shaken. In the Middle East, war continues to cast shadow on energy and logistics. In Europe, economic confidence stumbled. The United States had its own challenges. And yet, in the middle of all this noise, India stood apart and grew faster than any other major nation," Adani said.

“This is not a coincidence. It is the result of a vision of intent and policy. I say this with the full conviction that the Indian government both at the Centre and across the states has laid down the foundation for a truly historic transformation. A transformation not for a few but for the entire nation whose best chapters are just beginning,” he added.

Recounting his early years, Adani told shareholders that he saw his mother as his guiding star. I recall her often saying: History does not remembers sailors who sail in still waters. It remembers those who fought the wildest storms and yet return home,” he said.

As Adani Group cooperates with legal processes, Adani said that the conglomerate’s governance is of global standards and its compliance frameworks are non-negotiable and its numbers tell their own story. “Even in a year of turbulence, we saw record-breaking revenue, unprecedented growth and historic profitability. We are a proof of a group that dares to dream beyond constraints and powered by a nation that breeds possibility into every tomorrow ahead of us,” he said. “We live in a world where negativity often echoes louder than the truth.”

“In FY25, our numbers were strong across all our sectors. We did more than just scale. We created impact, inspired change and most importantly deepen our national commitment. Let me walk you through a few examples of our progress. Adani Power crossed 100 billion units of generation, a scale never before matched by any private sector company. It is now well on track to reach 31 gigawatt capacity by 2030. Adani Green is building the world’s largest renewable energy power right here in India and visible even from space. From Khavda to the world, our target of 50GW by 2030 is a proof that scale and sustainability can coexist. In fact, when we combine our thermal, renewable and pump hydro generation capacity, we expect to have a 100 GW capacity by 2030,” said Adani.