Defending the group’s strategy after a year marked by what he termed “extraordinary scrutiny”, Adani Group Chairman Gautam Adani on Wednesday said the conglomerate invested more than ₹1.5 lakh crore in infrastructure in FY26, accounting for over 30% of India’s private-sector capital expenditure and underscoring its commitment to long-term nation-building projects.
Addressing shareholders at the company’s annual general meeting virtually, Adani said the group continued to expand across energy, transport, logistics, airports, digital infrastructure and industrial manufacturing despite global uncertainties and heightened scrutiny. “FY 2025-26 was one such year. It was a year in which the world grew more fractured, complex energy security models returned to the centre of national strategy and technology became inseparable from sovereignty,” Adani said. “This progress did not come in calm conditions for us. It came in the middle of extraordinary scrutiny. However, we did not bend. We did not pause,” he added.
The billionaire industrialist said the group’s ₹25,000-crore rights issue earlier this year represented a “referendum on our credibility”, adding that shareholder participation reinforced confidence in the conglomerate’s long-term growth strategy. Adani outlined what he described as the twin engines of India’s next phase of growth—“infrastructure” and “intelligence”—arguing that the convergence of physical assets and digital technologies such as artificial intelligence, automation and data analytics would shape the country’s economic competitiveness in the coming decades.
Among key business updates, Adani said the group’s transmission business secured major projects during the year, taking the order book of Adani Energy Solutions to ₹72,000 crore. He also highlighted Adani Power’s ongoing expansion programme of more than ₹2 lakh crore, with a target of increasing generation capacity to 45 GW over the next five years. The group is also pursuing a partnership with Bhutan’s Druk Green Power Corporation to jointly develop 5,000 MW of hydropower projects and has identified land for its planned entry into nuclear power generation through Adani Atomic Energy, targeting 10 GW of capacity by 2035.
In logistics, Adani Ports handled more than 500 million tonnes of cargo during FY26, while the company reiterated its ambition to reach one billion tonnes by 2030. Adani also pointed to the performance of the Vizhinjam transshipment port, which crossed one million TEUs in its first year of operations. The group also highlighted the commencement of operations at Navi Mumbai International Airport and the opening of the new integrated terminal at Guwahati Airport, both of which were inaugurated by Prime Minister Narendra Modi.
On digital infrastructure, Adani said the group’s data centre business remains on track to build a 3 GW platform by 2030. He cited the group’s binding memorandum of understanding with Google for a gigawatt-scale data centre project in Visakhapatnam as evidence of growing demand for digital infrastructure. The chairman also outlined ambitions in defence and aerospace, highlighting partnerships with Leonardo and Embraer aimed at building manufacturing, maintenance, repair and overhaul (MRO), and training capabilities in India.
Looking ahead, Adani outlined a three-pronged organisational strategy focused on simplifying decision-making, building deeper partnerships with contractors and improving worker welfare across the group’s workforce and contractor ecosystem, which collectively employ nearly 400,000 people.