Adani Enterprises plans Rs 50,000 crore capex in 5 yrs; focus on airports

Adani Group’s flagship company Adani Enterprises Limited (AEL) has drawn a capital expenditure plan of around Rs 50,000 crore for the next five years, aiming to boost its airports, roads, data centre and other businesses.

Bulk of the planned capex would go behind AEL’s airports business where it has not only taken over three of the six airports it bid for but also acquired Mumbai and Navi Mumbai airports. In a post earnings call on Wednesday, AEL chief financial officer Jugeshinder Singh reportedly said that roughly Rs 35,000 crore worth of capex would go behind the airport business over the next five years.

The rest of the capex would go for AEL’s other businesses, including roads and data centre, among others. The company does not plan to demerge its airport business before end of 2022.