Adani Group Is Investing More Than Rs 1.2 Lakh Crore For FY2024–2025; Today’s Focus Will Be On Adani Stocks

Adani stocks will be under scrutiny today because, according to PTI, the firm expects to spend over Rs 1.2 lakh crore over the next seven to ten years in a variety of its sectors, including ports, energy, airports, cement, commodities, and media, during the 2024–25 fiscal year.

The study states that this investment would begin on April 1st of the current fiscal year and double down to an investment forecast of USD 100 billion over the following seven to ten years.

It is anticipated that this investment would significantly alter India’s transportation and energy industries.

For the fiscal year 2024–2025, the predicted capital expenditure is 40% more than the portfolio estimated to have been expended in FY24.

According to analysts predicting FY24, the portfolio would have needed to spend around USD 10 billion in capital.

Adani Group’s Capital Expenditure
Approximately 70% of the anticipated capital expenditures will be allocated to its green portfolio, which primarily consists of green hydrogen, green evacuation, and renewable electricity. The other 30% will be used for investments in airport and port operations.

According to half-yearly financial sheet numbers, the Adani group’s 2023 EBITDA was USD 9.5 billion, rising 34.4% year over year, while its net debt decreased by 4% between March and September of the same year.

The company’s EBITDA increased by 63.6 percent in the December quarter, and its 12-month EBITDA hit an all-time high of USD 9.5 billion (Rs 78,823 crore) in 2023.

Investment by Adani Group
The Adani group said in February that unparalleled “green investment” had been made possible by growing cash flows from strong growth and a solid credit profile.

There are now 8 airports owned by the Adani group; the Navi Mumbai airport has not yet opened. They want to increase their investment in these industries,, and they they already operate 14 domestic ports.

At Khavda, Gujarat, the corporation is constructing the biggest renewable park in the world, spanning 530 square kilometres.

The report states that a significant amount of the company’s recently disclosed total spending is designated for the growth and development of its rapidly expanding ports and airport businesses.

Stocks of the Adani Group
From March 11 to March 15, last week, all of the Adani Group’s equities were down. In the most recent trading week, the equities of Adani Enterprises fell 3.7%, Adani Ports fell 4%, Adani Power plummeted 6.6%, and Adani Green Energy fell 0.72%. A 2% to 5% decline was also seen in other equities, including Adani Energy Solutions, Adani Total Gas, and Adani Wilmar.

Adani stocks will be the centre of attention today, and it will be fascinating to watch whether the market rebounds and the company makes up the loss from last week.