Adani Group Plans Over $120 Billion Investment Across Businesses Over Five Years

India’s Adani Group plans to invest more than $120 billion in capital expenditure over the next five years, focusing on its core infrastructure businesses and emerging growth sectors. The investment plan was revealed by company executives in an interview with Fortune India as the conglomerate continues expanding its presence across energy, transport and infrastructure.

According to Pranav Adani, a director at Adani Enterprises, the group expects to invest around $20 billion or more annually across its businesses. Approximately 70% of the planned spending will go towards energy, while 20% will be allocated to transport and logistics. The remaining 10% will support related businesses, including cement, copper and aluminium.

The group expects the investments to double its asset base to approximately ₹18 trillion, equivalent to $191.64 billion, over five years. It also projects core earnings of between ₹2.6 trillion and ₹3 trillion during that period. Adani Group has not yet responded to Reuters’ request for comment on the reported investment plans.

Pic courtesy: google/ images are subject to copyright