Ahmedabad, June 2: Adani Portfolio announced on Tuesday that it has made a staggering capital investment of ₹1,52,967 crore (approximately $16.1 billion) in the fiscal year 2025-26. This marks the highest annual investment by any Indian corporate group to date. As a result of this rapid investment cycle, the group’s total asset base has surged to ₹7,85,098 crore (around $82.2 billion).
In FY 2025-26, the group’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached a record ₹94,834 crore (about $10 billion), reflecting a 5.6% increase compared to the previous year. The core infrastructure business contributed 87% to this growth.
According to the leading infrastructure and utility portfolio in India, nearly 80% of the total investment was directed towards key infrastructure sectors such as energy, utilities, transportation, and logistics.
By the end of FY 2025-26, the group reported a cash availability of ₹55,852 crore (approximately $5.9 billion), representing about 15% of its total gross debt. Due to consistently improving credit ratings, the cost of borrowing has decreased from 9% two years ago to 7.8% in FY 2025-26.
The company stated, “FY 2025-26 has proven to be a pivotal year for Adani Portfolio, as our companies have initiated the next phase of their capital investment cycle. This year’s investment is nearly equivalent to the total assets the group developed in its first 25 years. It reflects our confidence in the infrastructure opportunities available in India and the group’s long-term growth.”
Several strategic projects became operational in FY 2025-26 and beyond. These include 5.1 gigawatts of renewable energy capacity and a 1.38 gigawatt-hour battery energy storage system, which has now been expanded to 3.37 gigawatt-hours.
In the transportation and logistics sector, projects such as the Navi Mumbai International Airport, Guwahati Terminal, and the Ganga Expressway, which commenced in April 2026, were highlighted, along with a copper smelter in the primary industry sector.
The company believes these projects will significantly contribute to revenue, profit, and cash flow in the coming years. Adani Portfolio companies maintain financial discipline, with a net debt to EBITDA ratio of 3.3 times, below the targeted 3.5 times.
The company reported that equity financing accounts for 60% of its asset funding, remaining a primary financial source. Last fiscal year, Adani Enterprises Limited (AEL) raised ₹24,930 crore through a rights issue, strengthening the company’s equity position.
During this period, a total of 9.53 crore passengers traveled through the group’s eight airports. Additionally, Adani New Industries Limited (ANIL) saw a 15% increase in module sales, reaching 4,904 megawatts.
Adani Green Energy’s operational capacity increased by 5.1 gigawatts to 19.3 gigawatts in FY 2025-26. The battery energy storage system (BESS) capacity in Khavda, Gujarat, reached 1.38 gigawatt-hours by the end of FY 2026, now expanded to 3.37 gigawatt-hours, making it one of the largest projects in a single location.
Furthermore, Adani Energy Solutions surpassed the milestone of installing 1 crore smart meters, along with ongoing transmission projects worth ₹71,779 crore.
According to the company’s statement, Adani Ports and SEZ Limited’s cargo handling volume increased by 11% to reach 500.8 million metric tons (MMT) in FY 2025-26. Additionally, the company completed the acquisition of Australia’s NQX in December 2025, which has a capacity of 50 million tons per annum (MTPA).
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