At ₹1.5 trillion, Adani’s spending was a third of the entire private sector last year, says Gautam Adani | Today’s news

Bombay: The Adani Group accounted for a third of all private equity spending in India in the financial year ending March 31, 2026, despite macroeconomic headwinds and external scrutiny of the Ahmedabad-based conglomerate, its chairman Gautam Adani said on Wednesday. The conglomerate spent more than ₹1.5 trillion in capital expenditure in the year ending March.

The Adani Group has “not bent” and “not stopped” despite facing “extraordinary scrutiny”, the 64-year-old chairman told shareholders at flagship company Adani Enterprises Ltd’s annual general meeting on Wednesday. He did not elaborate on capital spending plans for the current fiscal year.

Adani, who is India’s richest man, turned 64 on Wednesday.

Those notes following last month’s $275 million settlement between Adani Enterprises and the U.S. Treasury Department over the purchase of sanctioned Iranian gas, as well as separate settlements by Gautam Adani and his nephew Sagar Adani with the U.S. Securities and Exchange Commission and the Department of Justice over bribery allegations. The deals capped 18 months of a legal backlog that has plagued the group since U.S. prosecutors first brought charges.

Adani’s 35-minute speech was shorter than the 2.5-hour speech by Mukesh Ambani, India’s second-richest person. A few days ago the AGM of Reliance Industries Ltd was held. Both conglomerates are building new businesses: Reliance has spun off its financial services and is preparing to list its telecom unit, while Adani Enterprises has spun off six companies and continues to handle airports, roads and renewable energy generation. Reliability, valued at ₹17.9 trillion with revenue for FY26 ₹11.8 trillion, dwarfing Adani Enterprises, which is valued at ₹3.9 trillion and posted revenue for fiscal year 26 ₹1 trillion.

Adani also reiterated the group’s move to a three-tier management structure and significant outsourcing to suppliers to speed up decision-making and reduce complexity as the conglomerate grows rapidly.

Milestones achieved by the Adani Group in FY26 included Adani Ports handling over 500 million tonnes of cargo in a single year and the group’s entry into nuclear power through Adani Atomic Energy. Adani Power outlined investment plan ₹2 trillion in capacity expansion, while the group’s new transshipment port in Vizhinjam delivered a robust first year, handling more than one million containers.

“There are years in the history of the group that are more than milestones – they become defining years – years that prove the strength of conviction, years that demonstrate the power of resilience, years that reveal the difference between those who wait for clarity and those who bet on volatility,” said Adan. “FY 2025-26 was one such year for your group.

Reliance Industries Ltd and Adani Enterprises Ltd have a strong parallel – both companies are creating new businesses for their respective groups. So far, Reliance has spun off its financial services business and is in the process of listing its telecom unit, even as it expands new businesses in retail, consumer goods and new energy. Adani Enterprises has spun off six companies so far and looks after businesses in airports, roads and renewable energy generation, among others.