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Adani Green Energy puts Rs 10,000-crore capex plan under review

Company to reduce capex in near term; execs say large part of it can be discretionary

Adani group, adani enterprises
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Shreya JaiAbhijit Lele New Delhi/Mumbai
India’s largest green energy company, Adani Green Energy (AGEL), has decided to review its capital expenditure (capex) plan of Rs 10,000 crore for financial year 2023-24 (FY24). In a post-third quarter results call with its bond holders, AGEL’s management said this was a tentative target and was still under review.

This marks a change in AGEL’s stated plans on its capex. Last week, addressing the earnings call, the AGEL management had said it has planned a capex of “broadly” Rs 10,000 crore for FY24 and a similar amount for FY25.

“Short-term capex (12-18 months) is being reviewed. In the near

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First Published: Feb 20 2023 | 8:00 PM IST

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