The Adani Group is gearing up for a major financial move, with plans to raise over $12.5 billion to support its massive capital expenditure of $57.16 billion over the next five years, according to an ET report.
The conglomerate, known for its wide presence across various industries, may opt for either a qualified institutional placement (QIP)—which essentially means selling shares to big investors like mutual funds and foreign institutions—or a rights issue, where existing shareholders get a chance to buy more shares at a discounted price. No final decision has been announced yet.
Adani Group’s Chief Financial Officer, Jugshinder Singh, mentioned that the company expects to spend an average of over ₹1 lakh crore (₹1 trillion or roughly $12 billion) annually for the next five years. Most of this will be funnelled into power transmission, utilities, and green energy projects—a whopping 85% of the total planned expenditure. The remaining chunk will go into mining and metals.
This isn’t the first time Adani Group is raising large sums of money. Between 2019 and 2024, the conglomerate secured about $13.8 billion in equity funding, making it one of the most active companies in India in this space. Some of its major firms—Adani Total Gas, Adani Green Energy, and Adani Enterprises—have all played a part in this capital-raising spree.
Financial reports indicate that Adani Group is not short on liquidity. By September 30, the company had a cash balance of ₹53,024 crore ($6.4 billion), which is about 20.5% of its total debt. While this suggests a healthy financial cushion, a spending plan of this scale will likely keep investors watching closely.
Raising such a large sum won’t happen overnight. If the group follows its past trends, the funding process will likely roll out in phases over the five-year period. The success of this plan will depend on investor confidence, market conditions, and regulatory factors.
