‘Forged in Crisis’: Adani Defies Critics With Record $20 Billion Annual Investment Plan

AHMEDABAD: In a powerful display of defiance against recent controversies and allegations, Adani Group Chairman Gautam Adani on Tuesday announced a record-breaking capital expenditure plan, committing to invest $15-20 billion annually across the conglomerate’s businesses for the next five years.

Speaking at the group’s Annual General Meeting (AGM), Adani addressed the intense scrutiny following the Hindenburg Research report and a US investigation into alleged bribery, declaring that “true leadership is forged in the face of crisis.”

“Even in the face of the storms and relentless scrutiny, the Adani Group has never backed down,” Adani stated, emphasizing that no member of the group has been charged under the U.S. Foreign Corrupt Practices Act (FCPA). He affirmed the group’s commitment to global governance standards and full cooperation with legal processes.

The massive investment plan, the largest in the group’s history, is aimed at fueling the next phase of growth and is backed by strong financial performance and record revenues, which Adani presented as proof of the group’s resilience.

Milestones and Mega Plans Across Sectors

Adani outlined a series of achievements and ambitious future goals for the group’s diverse verticals:

• Energy: Adani Power has crossed 100 billion units of electricity generation and is on track to achieve a total capacity of 100 GW by 2030 through thermal, solar, and hydro projects.
• Green Energy: The group is building the world’s largest renewable energy park in Khavda, Gujarat, targeting a capacity of 50 GW by 2030.
• Ports: Adani Ports set a new record by handling 450 million tonnes of cargo.
• Airports: The group’s airports served 94 million passengers, with the new Navi Mumbai Airport scheduled to begin operations this year.
• Cement: Within two and a half years of acquisition, the cement business has crossed the 100 million tonnes capacity milestone.
• Dharavi Redevelopment: Adani described the project to rehabilitate Asia’s largest slum as the group’s “most transformative project,” which will provide new homes and a modern township for over one million people.

“We are not just serving markets, but participating in shaping the nation’s destiny. We are building not just concrete, but the very foundation for India’s future,” Adani concluded.