Adani group to use own cash, debt to fund $20 billion annual capex

Group to bid for UP electricity discoms to expand network

The Adani group intends to fund its $20 billion annual capital expenditure (capex) primarily through internal accruals and debt, according to top executives in the conglomerate.

 

The Ahmedabad-based group is also planning to bid for electricity-distribution companies in Uttar Pradesh to expand its network in power transmission and distribution as part of its broader strategy to invest in infrastructure.

 

In an exclusive interaction, top officials led by Sagar Adani, executive director, Adani Green Energy, and member of the Adani family, the group promoters, detailed the funding strategy: About $8.5 billion in free cash, about $3 billion as annual debt refinancing,