Adani Group Plans About $120 Billion Capex Over Five Years

Adani Group plans to invest about $120 billion in capital expenditure over the next five years across its core infrastructure businesses and newer growth platforms, its executives said in a media interview on November 10, 2026. Pranav Adani, a member of the Adani family, said the group plans to invest about $120 billion, or over $20 billion a year, across all its businesses.

The executives said about 70% of the money will go into energy, about 20% into transport and logistics, and 10% into business adjacencies such as cement, copper and aluminium. The group estimates that the investments will help double its asset base to Rs 18 lakh crore and bring EBITDA, or core earnings, of Rs 2.6 lakh crore to Rs 3 lakh crore in five years.

Adani Group's five-year capex plan at a glance

Energy takes the biggest slice of Adani Group's spending

Adani Group's businesses span ports, airports, power and renewable energy, along with cement and other materials. Under the plan the executives described, energy gets the largest share at about 70%, followed by transport and logistics at about 20%, with the remaining 10% going to adjacencies such as cement, copper and aluminium.

The plan comes days after Adani Ports and Special Economic Zone (APSEZ), the group's ports company, agreed to buy all of Evos, Europe's second-largest independent liquid storage operator, at an enterprise value of €2.56 billion.

Where Adani Group's $120 billion plan stands

Adani Group's executives have put the group's capital spending over the next five years at about $120 billion, with about 70% going to energy and about 20% to transport and logistics. The group estimates the spending will help double its asset base to Rs 18 lakh crore and bring EBITDA of Rs 2.6 lakh crore to Rs 3 lakh crore in five years.

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