New Delhi, November 9, 2026: Adani Enterprises Limited plans to invest ₹35,000–40,000 crore annually over the next two years, focusing on airports, data centres and its upcoming PVC manufacturing complex as the conglomerate accelerates infrastructure expansion.
The investment strategy aims to strengthen emerging businesses while converting existing projects into revenue-generating assets.
Major Investment Push
“We expect to do capex at a run rate of around Rs 40,000 crore,” Manan Vakharia, Head of Finance at Adani Enterprises, said during the company’s earnings call.
Airports, data centres and PVC manufacturing will account for the largest share of planned investments.
The company reported its highest-ever first-half EBITDA of ₹11,958 crore, rising 56 per cent year-on-year.
Consolidated income surged 62 per cent to ₹71,569 crore, while profit before tax from continuing operations increased 45 per cent to ₹3,297 crore.
Data Centre Expansion
AdaniConneX, the group’s data-centre joint venture, has secured contracts covering more than 1.2 gigawatts of capacity.
Its operational capacity reached 94.6 MW during the September quarter.
Management expects operational capacity to increase to 120–150 MW by FY27-end and approach 500 MW over the following 12–18 months.
Airport Business Growth
Adani Airport Holdings reported a 52 per cent rise in first-half EBITDA to ₹3,275 crore.
Its eight-airport portfolio handles approximately 23 per cent of India’s passenger traffic.
Navi Mumbai International Airport, which began international operations in July, is expected to reach an annual passenger capacity of 20 million by FY28-end.
PVC Manufacturing Project
Adani Enterprises is developing a one-million-tonne annual PVC manufacturing complex at Mundra, Gujarat, involving approximately ₹26,000 crore.
Around 60 per cent of construction and project expenditure has been completed.
The first phase is expected to begin operations next financial year.
Renewable Energy Push
The company has expanded solar module manufacturing capacity to 10 GW and plans to commission 6 GW of solar cell capacity by FY27-end.
Management expects these investments to support long-term earnings growth as projects become operational.
