New Delhi: The Adani Group plans to invest a record USD 15-20 billion across businesses over the next five years to chart out the next phase of growth, Chairman Gautam Adani said on Tuesday as he touted the conglomerate’s strong balance sheet and robust business to shrug off the relentless scrutiny it faces.
Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity have built India’s largest infrastructure group that not only exists just to serve the markets but to serve the nation’s destiny, he said.
Addressing the group’s annual general meeting virtually, he referred to a recent indictment by the US authorities in an alleged bribery scheme to win lucrative renewable energy supply contracts, saying no one from Adani Group has been charged with violating the US Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice.
He said Adani Green is building the world’s largest renewable energy park — right here in India, and visible even from space. “From Khavda to the world, our target of 50 GW by 2030 is proof that scale and sustainability can coexist. In fact, when we combine our thermal, renewable, and pumped hydro generation capacities, we expect to have a 100 GW capacity by 2030,” he said.
Adani said the Navi Mumbai airport will open later this year with an initial passenger capacity of 20 million, of what will then become a 90 million passenger airport, giving a 35% share of India’s airport passenger traffic.
Ahead of the AGM, Adani Airports Holding Ltd (AAHL) said it has secured $1 billion in project finance for the Mumbai International Airport Ltd (MIAL), which operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA).
He said Adani Energy Solutions handled smart metering, high-voltage links, and is keeping India’s grids future-ready. “It secured close to Rs 44,000 crore in transmission orders and is executing Rs 13,600 crore worth of smart metering projects,” he said.
On building data centres, he said, “We have projects exceeding hundreds of MW in various stages of construction with the global hyperscalers — and have also launched gigawatt-scale renewable-powered data centre campuses across multiple states.”
“But perhaps our most transformative project is unfolding in Dharavi — Asia’s largest slum, now being reimagined as India’s most ambitious urban rehabilitation project. Our Dharavi Social Mission is uplifting youth through skilling, healthcare and employment programs,” Adani said. And over 1 million people will move from narrow lanes to a township that will feature spacious layouts, dual toilets, open spaces, schools, hospitals, transit hubs and parks, he said.
On allegations about charges made by the US Department of Justice and the Securities and Exchange Commission relating to Adani Green Energy, Gautam Adani said, “The facts are that no one from the Adani Group has been charged with violating the FCPA (Foreign Corrupt Practices Act) or conspiring to obstruct justice.”
In 2024, the Justice Department and the SEC filed 26 FCPA-related enforcement actions, with at least 31 companies under investigation by year-end. The SEC had accused the Adanis of “recklessly making false and misleading representations” concerning Adani Green Energy’s debt offering.
There were reports that the Trump administration was rolling back on the enforcement of certain types of white-collar crimes, including cases related to foreign bribery, public corruption, money laundering, and crypto markets. This move comes two months after President Donald Trump signed an executive order directing the US Justice Department to halt prosecuting Americans accused of bribing foreign officials to secure overseas business deals.
“We live in a world where negativity often echoes louder than the truth. And as we cooperate with legal processes, let me also restate that our governance is of global standards, and our compliance frameworks are non-negotiable,” he said.
