Adani Enterprises Ltd, the flagship incubator of the Adani Group, has outlined plans to invest between ₹35,000 crore and ₹40,000 crore annually over the next two years to accelerate expansion across its core infrastructure and manufacturing businesses. Manan Vakharia, head of finance at Adani Enterprises, confirmed during the company’s earnings call that the conglomerate expects to maintain a capex run rate of around ₹40,000 crore, with airports, data centres, and its proposed polyvinyl chloride complex serving as the primary investment drivers. The planned capital expenditure aims to scale up recent business bets while steering large-scale manufacturing projects closer to full commercial operations. The aggressive spending framework coincides with record financial performance, as Adani Enterprises reported its highest-ever half-year earnings before interest, taxes, depreciation, and amortization of ₹11,958 crore for the six months ended September 2026, representing a 56 per cent jump from the prior-year period. Additionally, consolidated income surged 62 per cent to reach ₹71,569 crore, while profit before tax from continuing operations increased 45 per cent to ₹3,297 crore. Chief Executive Officer Arun Bansal emphasized that the organization is progressively transitioning from a heavy build-out phase toward a value realization phase, as capital investments deployed in prior years begin generating substantial operational earnings. Central to this strategic transition are the company’s airport holdings and digital infrastructure assets. Adani Airport Holdings posted a 52 per cent growth in first-half EBITDA to ₹3,275 crore, demonstrating rising passenger traffic and commercial monetization across its portfolio. Simultaneously, AdaniConneX, the group’s data-centre joint venture, significantly broadened its commercial footprint by expanding total contracted capacity beyond 1.2 gigawatts. During the September quarter, AdaniConneX secured a major new 240-megawatt hyperscale contract and brought its active operational capacity to 94.6 MW after delivering an additional 29.2 MW to client facilities. Looking ahead, company leadership expects operational data-centre capacity to reach between 120 MW and 150 MW by the end of the current financial year, with projections targeting nearly 500 MW over the subsequent 12 to 18 months as newly constructed facilities begin generating active billing revenue. Overall, the company’s multi-billion annual capex commitment underscores a sustained push to reinforce its dominance across strategic infrastructure segments while translating capital deployment into long-term shareholder value.
AdaniConneX Expands Data Centre Capacity to 1.2 GW as Flagship Moves to Value Realisation
