Ahmedabad (Gujarat) [India], November 4 (ANI): Jugeshinder Singh, Group CFO of the Adani Group, said on Tuesday that the company expects the next decade to be its most exciting period yet, as several of its startup-phase assets enter the initial investment phase.
“We expect the next period of 10 years to be the most exciting, with our current startup phase assets like Adani GCC (Adani Global Capability Center) and key metals and materials reaching the initial investment phase,” Singh said following the announcement of the company’s first-half (H1) results for Financial Year 2026 (FY26).
He added, “AEL is well placed as an organization, both for balance sheet and technical capability, to deliver on this promise.”
Adani Enterprises Ltd (AEL) reported its financial and operational performance for the quarter and half-year ended September 30. The company’s portfolio is divided into incubating and established businesses, covering energy and utilities, transport and logistics, consumer services, and primary industries.
Key incubating businesses include the Adani New Industries ecosystem, airports, roads, and data centers, while the established segment comprises primary industries such as mining services, metals, materials, and commercial mining.
Singh noted, “AEL is in a deep investment phase,” highlighting completed assets including the Navi Mumbai Airport, inaugurated on October 8, 2025, a wind turbine capacity of 2.5 gigawatts, and a 500,000-tonne copper plant.
He added, “Our largest road asset, the Greenfield Ganga Expressway project, is now 90 percent complete,” and mentioned that several other projects — including a new terminal at Guwahati Airport and a one-million-tonne PVC project — are progressing ahead of schedule.
Speaking about new investments, Singh said, “We have received Letters of Award for five new projects in the road and water verticals with a cumulative order size of Rs 20,000 crore.” He also pointed to a partnership with Google to develop India’s largest AI data center campus in Andhra Pradesh.
On the financial front, AEL reported total income of Rs 44,281 crore and EBITDA of Rs 7,688 crore for the half-year, with profit before tax at Rs 5,864 crore and continuing profit after tax at Rs 2,281 crore. Singh said, “EBITDA from our incubating businesses now contributes 71 percent, compared to 60 percent in the same period last year,” highlighting the growing role of emerging ventures.
In terms of capital management, the board approved a partly paid-up rights issue of equity shares worth Rs 25,000 crore. (ANI)
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