Adani Group Eyes $100 Billion Investment Blitz, Airport IPO by 2027 as Growth Accelerates
Adani Group : In a bold move signaling its return to aggressive expansion, the Adani Group, led by billionaire Gautam Adani, is gearing up for a $100 billion capital expenditure spree over the next five to six years. At the heart of this strategy lies the plan to list Adani Airport Holdings Ltd. by March 2027, alongside multiple initiatives across energy, infrastructure, logistics, and metals sectors.
Adani Airports IPO in Focus
Adani Airport Holdings Ltd. — India’s largest private-sector airport operator — currently operates eight major airports across the country and is on track to open a new terminal near Mumbai within a few months. According to senior Adani Group executives, the unit, which is presently a subsidiary of Adani Enterprises Ltd., will be spun off and listed on the stock exchange by FY27.
This listing is part of a broader strategy to unlock value from core infrastructure assets and attract global investors, a sign that the conglomerate is rebounding strongly from recent regulatory and reputational setbacks.
Accelerated Investment Plan: $100 Billion in 5–6 Years
The Adani Group has now doubled the pace of its capital investment, initially planned over a decade, and will now funnel $100 billion in just five to six years. The majority of this funding will be allocated to rapidly scaling up:
- Renewable and green energy projects
- Transport infrastructure like roads and airports
- Logistics hubs and port expansions
To finance this aggressive capex plan, the group is aiming to raise $30 billion through debt markets, both domestic and international. A further $50 billion will be sourced via internal accruals from its listed entities. An additional $20 billion is expected to come from monetizing new assets such as airports, roads, and clean energy projects by 2030.
Adani Group’s Path to Recovery Post Controversies
The move marks a major comeback narrative for Adani, who faced intense scrutiny in 2023 after short-seller Hindenburg Research accused the group of corporate fraud, followed by a U.S. Department of Justice (DoJ) probe in November regarding alleged bribery involving its founder.
While the conglomerate has categorically denied all allegations, the scandals had temporarily derailed investor confidence and some global projects. Yet, recent developments show that Adani is actively courting global capital once again.
- In April 2025, the group raised $750 million for an acquisition, with BlackRock Inc. subscribing to a third of the issue.
- In May, Adani Ports secured $150 million in a bilateral loan from DBS Group Holdings Ltd.
- Most recently, Adani Airports raised $750 million via external commercial borrowings from international banks.
Metals Business Also Set for Listing
Adani’s ambitious roadmap also includes a potential IPO of its metals division by 2030, aiming to raise significant capital to support continued expansion. The company is currently in the early stages of consolidating its metals and mining verticals, preparing them for a future public offering.
Gautam Adani’s Global Outreach
In a notable sign of normalization, Gautam Adani recently made a business trip to China — his first significant overseas visit since the DOJ probe — to meet industrial equipment manufacturers, underlining the group’s intent to continue forging global partnerships.
Financial Ratios of Adani Enterprises Ltd. (FY24)
| Metric | Value |
|---|---|
| Market Cap | ₹3.94 Lakh Cr |
| P/E Ratio | 133.70 |
| Debt-to-Equity Ratio | 0.90 |
| ROE (Return on Equity) | 7.52% |
| Net Profit Margin | 3.89% |
| Revenue (TTM) | ₹1.36 Lakh Cr |
| Net Profit (TTM) | ₹5,298 Cr |
Conclusion
Despite facing turbulence in 2023, the Adani Group is clearly signaling a renewed phase of high-growth expansion. With its airport IPO on the horizon and a mammoth investment pipeline in motion, the group is doubling down on its infrastructure bet, which could shape India’s economic landscape significantly by the end of the decade.
Frequently Asked Questions (FAQs)
Q1: When will Adani Airports go public?
A: The IPO for Adani Airport Holdings Ltd. is expected to take place by March 2027.
Q2: How much does Adani Group plan to invest in the next few years?
A: The group has announced a $100 billion capex plan to be executed over the next 5–6 years.
Q3: How is the group funding this massive expansion?
A: Through a mix of $30 billion in borrowings, $50 billion from internal accruals, and $20 billion from monetizing assets like airports and renewable energy ventures.
Q4: What are the recent fundraising efforts by Adani?
A: The group raised $750 million in April (with BlackRock’s participation), $150 million from DBS in May, and $750 million for Adani Airports via ECBs.
Q5: What impact did the Hindenburg and DoJ issues have?
A: While they caused temporary setbacks, the group has denied the allegations and is now back on track with international fundraising and expansion efforts.
Q6: Will there be any more IPOs from the Adani Group?
A: Yes, the metals business is also being prepared for a potential IPO by 2030.
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