At the Adani Group’s Annual General Meeting (AGM), Chairman Gautam Adani addressed recent allegations and laid out an ambitious roadmap for the Group’s future. Refuting claims tied to an alleged bribery scandal, Adani asserted, “Despite all the noise, the facts are that no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice.”
His remarks follow reports that the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) are investigating Adani Green Energy for potential violations of the Foreign Corrupt Practices Act. The DOJ alleges the Group ran a $250–265 million bribery scheme between 2020 and 2024 to secure solar energy contracts in India.
Adani emphasized that the Group is fully cooperating with legal proceedings and reiterated its commitment to global compliance and governance standards, calling them “non-negotiable.”
Innovation & Sustainability: Green Energy and India’s First Hydrogen Mining Truck
The AGM wasn’t just about damage control. Adani used the platform to spotlight a series of bold initiatives in energy, infrastructure, and sustainability.
Among the highlights was the launch of India’s first hydrogen-powered mining truck, a significant step toward decarbonizing industrial operations. The Group also continues to scale up in green energy, with Adani Green Energy building the world’s largest renewable energy park in Khavda, Gujarat. The company aims to hit 50 GW of renewable capacity by 2030, contributing to a broader goal of 100 GW when including thermal and hydro power.
Big Numbers, Bigger Ambitions: Record Performance in FY25
Despite global scrutiny, the Adani Group posted strong financials for FY25.
- Consolidated revenue rose 7% to ₹2,71,664 crore
- EBITDA increased 8.2% to ₹89,806 crore
- Net debt-to-EBITDA ratio remained healthy at 2.6x
“Even in a year of turbulence, we saw record-breaking revenue, unprecedented growth, and historic profitability,” Adani told shareholders.
The Group plans to invest $15–20 billion annually over the next five years, channeling funds into infrastructure, energy, logistics, and digital services. “These are not just investments in our Group, but investments in building India’s infrastructure,” he added.
Sector-by-Sector: Key Milestones Across the Adani Empire
- Power: Adani Power crossed 100 billion units of electricity generation and is on track to reach 31 GW capacity by 2030.
- Transmission: Adani Energy Solutions secured ₹44,000 crore in orders and is rolling out smart metering projects worth ₹13,600 crore.
- Solar Manufacturing: Adani New Industries is building a 10 GW integrated solar module facility to support India’s clean energy mission.
- Cement: The Group has already crossed 100 MTPA capacity, achieving 72% of its goal to reach 140 MTPA by FY27-28.
- Gas & EVs: Adani Total Gas now serves 1 million PNG customers and operates 3,400 EV charging stations across 22 states.
Ports, Airports, and a New Mega-Airport
- Adani Ports handled a record 450 MMT of cargo in FY25, while continuing to expand integrated logistics services under the Gati Shakti Mission.
- Aviation: The Group’s airport business had its best year yet, handling 94 million passengers. The much-anticipated Navi Mumbai International Airport is on track to open this year, launching with a capacity of 20 million passengers and aiming for 90 million in the long term—targeting 35% of India’s passenger traffic.
Looking Ahead
While facing external challenges, the Adani Group appears committed to its high-growth trajectory and national infrastructure goals. Gautam Adani’s message was clear: “We are building businesses that matter—for India’s future, and for global sustainability.”
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