Adani Energy plans ₹18,000 crore capex for growth
pre-market1 source ↓written by the desknot a recommendation
- this fiscal year
- ₹18,000 crore
- already allocated
- ₹6,000 crore
- in transmission
- ₹11,400 crore
- in distribution
- ₹1,600 crore
Adani Energy Solutions is set to invest ₹18,000 crore this fiscal year, focusing on transmission and distribution. CEO Kandarp Patel confirmed ₹6,000 crore already allocated, with plans for ₹11,400 crore in transmission and ₹1,600 crore in distribution. This investment aims to enhance revenue and EBITDA significantly in the coming years.
The ambitious capex plan may boost market sentiment and position the company for future growth in the energy sector.
Not investment advice. For informational purposes only.