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Adani Commits $60 Billion to Indian Power Buildout Through FY32

The company maps a dual-track strategy to scale renewables alongside thermal capacity to keep pace with surging electricity demand.

Overview

  • In an investor presentation, the group earmarked $21 billion by FY30 to lift renewable capacity to 50 GW, up from 14.2 GW in FY25.
  • Adani Power plans $22 billion of investment by FY32 to expand its generation fleet to 41.9 GW, from 17.6 GW currently.
  • Adani Energy Solutions will invest $17 billion to extend transmission and distribution, targeting 30,000 km of lines by FY30 versus 19,200 km as of March 31, 2025.
  • The company projects India’s installed capacity could reach about 1,000 GW by FY32 from 475 GW in FY25, describing more than $500 billion in sector investment opportunities.
  • Adani Power said coal remains the backbone of India’s baseload power and is critical for meeting growing peak demand given renewable variability.