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MUMBAI : Charting a defiant path through a year marked by intense regulatory and market scrutiny, Adani Group Chairman Gautam Adani has announced a robust financial performance for fiscal year 2025-26, alongside an aggressive expansion into green energy, data intelligence, and nuclear power.

Addressing shareholders at the Group’s Annual General Meeting on Wednesday, Mr. Adani framed the past fiscal year as a defining period that tested the infrastructure conglomerate’s resilience. He pointed to the group’s successful ₹25,000 crore Rights Issue earlier in the year as a resounding referendum on its corporate credibility, stating that stakeholders responded attempts to create doubt with conviction and participation.

Hard Infrastructure Meets Data Mastery

The core theme of this year’s address, “Accelerating Infrastructure, Leveraging Intelligence,” signals the Group’s pivot toward integrating heavy industrial assets with predictive artificial intelligence, automation, and digital platforms.

To anchor this strategy, the Adani Group deployed a record capital investment of over ₹1.5 lakh crore in hard infrastructure during FY25-26. According to company data, this massive deployment accounted for more than 30% of India’s total new private-sector capital expenditure for the fiscal year.

Strong Revenue and Cash Flows Anchor Capex

The Group reported steady top and bottom-line growth, backed by an operating balance sheet built for major projects. Consolidated portfolio revenue stood at ₹2.92 lakh crore, reflecting a year-on-year growth of 7.4%. Profit after tax rose more sharply, posting a 13.9% increase to ₹46,376 crore.

Group EBITDA reached ₹94,834 crore, while cash flows stood strong at ₹67,995 crore. Crucially for global lenders, the Group managed to maintain its Net Debt-to-EBITDA ratio at a healthy 3.3x, providing the financial liquidity and baseline stability required to fund its long-term expansion plans.

Strategic Expansion: From Nuclear Power to Global Tech Hubs

The AGM address outlined multi-billion-dollar milestone developments across the Group’s diversified portfolio:

In a major strategic diversification, the newly formed Adani Atomic Energy has identified land to build a targeted 10 GW nuclear capacity by 2035 to meet the national demand for clean, round-the-clock power. Concurrently, Adani Power is executing India’s largest-ever private sector power capex program of over ₹2 lakh crore to hit a 45 GW capacity within five years, complemented by a cross-border partnership with Bhutan’s Druk Green Power Corporation to develop 5,000 megawatts of hydropower.

In aviation and logistics, the group celebrated the operational launch of the Navi Mumbai International Airport in December 2025, constructed in a world-record timeframe of just over four years. In logistics, Adani Ports handled over 500 million tonnes of cargo, bolstered by its strategic transshipment hub at Vizhinjam Port crossing the 1 million TEU milestone in its inaugural year of operations.

Adani’s digital infrastructure unit is advancing toward a 3 GW data center platform target by 2030, anchored by a fresh, gigawatt-scale memorandum of understanding signed with Google in Visakhapatnam. The Chairman noted that global tech leaders like Microsoft, Uber, and Flipkart are placing deep confidence in their data capabilities.

Meanwhile, Adani Cement expanded its total capacity to 110 million tonnes per annum, contributing to iconic projects like the Chenab Railway Bridge. In defence, partnerships with Leonardo and Embraer are laying the foundation for local helicopter and regional aircraft manufacturing ecosystems.

Internal Restructuring and Contractor Overhaul

Beyond core business numbers, Mr. Adani detailed a sweeping organizational transformation intended to streamline operations over the next decade. The Group is putting in place a decentralized, three-layer administrative structure across its headquarters and sites to reduce bureaucracy and sharpen accountability. Non-core activities will be moved to Global Capability Centers or nominated partners.

The Chairman also promised a structural shift in contractor relationships, vowing to build deeper partnerships where vendor margins are protected to deliver projects with greater speed and quality. Additionally, he committed to a comprehensive worker-dignity framework covering clean living conditions, healthcare, and safe environments for the group’s 4-lakh-strong workforce.