Adani's USD 60 Billion Bet on India's Energy Future

The Adani Group, led by industrialist Gautam Adani, plans to invest approximately USD 60 billion in India’s power sector by FY32, with a strong emphasis on renewable energy, thermal generation, and transmission & distribution infrastructure.

This strategic investment aligns with India’s rapid emergence as one of the world’s fastest-growing electricity markets. According to an investor presentation, Adani Green Energy Ltd. (AGEL) will allocate USD 21 billion by FY30 to scale up its renewable energy capacity from 14.2 GW in FY25 to 50 GW—solidifying its position as a leading developer of large-scale solar and wind projects.

Adani Power Ltd. is set to invest USD 22 billion by FY32 to expand its thermal power capacity from 17.6 GW to 41.9 GW, supporting the country’s base-load energy needs.

Meanwhile, Adani Energy Solutions Ltd. (AESL) will channel USD 17 billion into strengthening India’s transmission and distribution network. The company aims to expand its transmission infrastructure from 19,200 km (as of March 2025) to 30,000 km by FY30.

India’s total installed power capacity is projected to grow at a compound annual growth rate (CAGR) of 11%, rising from 475 GW in FY25 to 1,000 GW by FY32—creating significant opportunities for energy infrastructure expansion.

News by Rahul Yelligetti.