Just saw the latest numbers from Adani Portfolio and honestly,the scale of their spending is just something else . The announcement on June 2,2026 is about their capital expenditure for fiscal year 2026,and figure is huge.
The company announced annual capex of ₹1,52,967 crore,which is about $16.1 billion . This is apparently the highest ever for any Indian corporate entity . With this, their total asset base has now touched ₹7,85,098 crore.
And their earnings are also looking strong . For FY26, they reported an EBITDA of ₹94,834 crore,which is a 5.6% jump year-on-year . What's interesting is that 87% of these earnings came from their core infrastructure businesses only .
This shows their entire focus is on sectors like energy,transport,and logistics. They are clearly betting big on India's infrastructure development story.
The company itself put out statement saying,"FY26 marks an important inflection point for the Adani Portfolio, as our companies began their next phase of capex cycle. The scale of capital deployment during the year is comparable to asset base we had built over our first 25 years,reflecting both infrastructure opportunity before India and the group’s confidence in its long-term growth trajectory."
Few things that stand out here:
- Investment focus on infrastructure — Nearly 80% of capex was allocated to core infrastructure projects .
- Debt management — Cash reserves at the end of FY26 reached ₹55,852 crore ,covering 15% of gross debt.
- Renewable energy expansion — company increased its renewable energy capacity by 5.1 GW , with ambitious plans for future growth .
But it's not just about spending money . They've also made several big projects operational in FY26 . This includes 5.1 GW of renewable energy capacity,a battery storage system that grew from 1.38 GWh to 3.37 GWh, and huge projects like Navi Mumbai International Airport and Ganga Expressway. These are not small things ah.
And tbh,they seem to be keeping an eye on their debt levels too . Their Net Debt to EBITDA ratio is at 3.3x,which is below their own guidance of 3.5x. They also said that 60% of their asset base is funded through equity, which sounds like a cautious approach.
The expansion is just happening at massive speed,especially in green energy with Adani Green Energy now at 19.3 GW capacity.
The sheer scale of this investment in one year is hard to wrap your head around . It really makes you think about how quickly they are growing and what their long-term plan is for dominating India's infra space…
