Adani Plans Rs 40,000 Crore Yearly Capex on Airports, Data

Adani Enterprises to Invest Rs 35,000-40,000 Crore a Year on Airports, Data Centres

Business Desk | Sunday, November 8, 2026, 16:33 IST

Gautam Adani, chairman of the Adani Group, at an Adani event.

Adani Enterprises plans annual capital spending of Rs 35,000-40,000 crore for the next two years, mostly on airports, data centres and the PVC plant at Mundra in Gujarat, after a record first half.

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Adani Enterprises plans annual capital spending of Rs 35,000-40,000 crore for the next two years, mostly on airports, data centres and the PVC plant at Mundra, Gujarat.

Finance chief Manan Vakharia said on the results conference call that the company expects to keep investing at about Rs 40,000 crore a year.

The first half of FY26, the half year ended September 2026, brought record EBITDA of Rs 11,958 crore, up 56 percent year on year. Consolidated income rose 62 percent to Rs 71,569 crore. Profit before tax from continuing operations rose 45 percent to Rs 3,297 crore.

Chief executive Arun Bansal said the company has moved from building businesses to earning more from the investments already made.

Airports

In the September quarter, the airports handled 2.13 crore passengers. Revenue rose 20 percent to Rs 3,786 crore and EBITDA rose 55 percent to Rs 1,641 crore. Non-aero revenue rose 57 percent, while aero revenue rose 9 percent.

Navi Mumbai International Airport started international flights on 15 July. The company expects it to reach 2 crore annual passengers by the end of FY2027-28, with more domestic and international flights and some international flights shifted from Mumbai's existing airport.

Data centres and Mundra PVC

The Mundra PVC complex, worth Rs 26,000 crore with 10 lakh tonne annual capacity, is about 60 percent through its spending and construction, with the first phase planned to start next financial year. The complex will also have PVC-linked chemicals and chlor-alkali facilities.

Solar and the share

The share closed on Friday at Rs 2,735, up 9 percent in six months, 21 percent this year and 19 percent in one year. Management gave no fixed EBITDA guidance for FY2026-27.

Frequently Asked Questions (FAQs)

How much will Adani Enterprises invest?

It plans annual capital spending of Rs 35,000-40,000 crore for the next two years, mostly on airports, data centres and the Mundra PVC plant.

What is the Mundra PVC plant?

A Rs 26,000 crore complex with 10 lakh tonne annual capacity, about 60 percent through spending and construction, with the first phase planned to start next financial year.

How did the airports business perform?

Adani Airport Holdings saw first-half EBITDA rise 52 percent to Rs 3,275 crore, handling about 23 percent of India's air passengers and 29 percent of air cargo.