Adani Enterprises: record ₹1.5 lakh crore capex, nuclear entry
At the annual meeting, Gautam Adani announced 30% of India's private sector capex, along with forays into nuclear power and aircraft manufacturing with Leonardo and Embraer.
— 2 earlier stories on Adani Enterprises Ltd. →What's new
- Record ₹1.5 lakh crore capex in FY26, 30% of India's private sector
- Entry into atomic energy with a target of 10 GW capacity by 2035
- Aerospace partnerships with Leonardo (helicopters) and Embraer (aircraft)
- Binding MoU with Google for a gigawatt-scale data center in Visakhapatnam
Why this matters
Adani is placing an unprecedented bet across energy, infrastructure, and aerospace. The atomic and aerospace entries mark a shift from pure infrastructure to high-tech manufacturing, while the Google deal anchors data center ambitions. The ₹1.5 lakh crore record capex signals intent rivaling India's largest public-sector programs.
What we're watching
- Execution of 10 GW atomic energy plan by 2035
- Aerospace manufacturing timeline with Leonardo and Embraer
- Progress on 45 GW power expansion and 3 GW data center target
The full read
Adani Enterprises used its annual shareholder meeting to announce a ₹1.5 lakh crore capex program, 30% of India's private sector spend. The group diversified into atomic energy with a 10 GW target by 2035 and aerospace through partnerships with Italy's Leonardo (helicopters) and Brazil's Embraer (aircraft). The ports business hit a record 500 million tonnes of cargo; the Navi Mumbai airport now has 90 million passenger capacity. A binding MoU with Google for a gigawatt-scale data center in Visakhapatnam was confirmed. A ₹2 lakh crore power expansion aims for 45 GW over five years. A three-layer organisational overhaul is underway.
Record numbers.
No segment-level margins or quarterly breakdowns were provided. The scale signals a conglomerate that believes institutional constraints have lifted.
Questions answered
- What is the scale of Adani's capex announced at the AGM?
- Adani Enterprises reported a record ₹1.5 lakh crore capital investment in FY26, which is 30% of India's total private sector capex. This is far larger than any previous single-year spend.
- How is Adani entering the atomic energy sector?
- Gautam Adani announced a target of 10 GW of atomic energy capacity by 2035. The company gave no details on technology partners or regulatory approvals yet.
- Which aerospace partnerships did Adani disclose?
- Adani has partnered with Italy's Leonardo for helicopter manufacturing and Brazil's Embraer for aircraft manufacturing. No financial terms or timelines were provided.
- What is the Google data center MoU about?
- Adani confirmed a binding memorandum with Google for a gigawatt-scale data center in Visakhapatnam. This is part of its broader 3 GW data center target by 2030.
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All notes on ADANIENT →- 24 Jun 2026 · 11:00 AM IST Adani Enterprises: record ₹1.5 lakh crore capex, nuclear entry
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