Adani Enterprises stock plans INR 35,000-40,000 crore annual capex
Published on 11/09/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInvestment cycle raises execution stakes
- Airports, data centers and the proposed PVC complex are expected to drive Adani Enterprises' expansion spending.
- Management is moving from a build-out phase toward value realization as newer assets approach commercial operation.
Adani Enterprises plans to spend INR 35,000-40,000 crore annually over the next two years, according to a report published by New Indian Express on Sunday, November 8, 2026. The planned spending is aimed at scaling airports, data centers and a proposed PVC complex.
Airports and data centers lead spending
Adani Enterprises finance chief Manan Vakharia said the company expects capital expenditure to run at about INR 40,000 crore, with the likely range set at INR 35,000-40,000 crore. He identified airports, data centers and PVC as the main investment drivers.
AdaniConneX had more than 1.2 gigawatts of contracted data-center capacity, while operational capacity stood at 94.6 megawatts after an additional 29.2 megawatts was handed over to customers. Management expects operational capacity to reach 120-150 megawatts by the end of the current financial year and approach 500 megawatts over the following 12 to 18 months.
Expansion meets stronger operating earnings
The investment program follows a strong first half ended September 30, 2026. Adani Enterprises reported record half-year EBITDA of INR 11,958 crore, up 56 percent year over year, while consolidated income rose 62 percent to INR 71,569 crore. Continuing profit before tax increased 45 percent to INR 3,297 crore.
The company also reported that its airport business increased first-half EBITDA by 52 percent to INR 3,275 crore. The proposed PVC complex at Mundra involves capital expenditure of about INR 26,000 crore, with around 60 percent of spending and construction completed. The first part is expected to be commissioned in the next financial year.
Execution remains the key investor test
The spending plan increases the importance of project delivery, commissioning schedules and returns from newly built assets. Management did not provide a specific EBITDA forecast for fiscal 2027, leaving execution progress and the transition toward commercial operations as central indicators for investors.
The Euro Stoxx 50 offers a broader equity-market backdrop for investors following infrastructure and industrial expansion.
More news and analyses on Adani Enterprises stock.
Adani Enterprises investment profile
- Company: Adani Enterprises
- ISIN: INE423A01024
- Planned annual capital expenditure: INR 35,000-40,000 crore for the next two years
- Reporting period: Six months ended September 30, 2026
- Contracted data-center capacity: More than 1.2 gigawatts
