Adani scales up capex to record ₹1.53 lakh cr despite modest earnings growth

Adani Group cos post record $16 bn capex, all-time high EBITDA of Rs 94,834 cr in FY26

Adani posts record USD 16.1 bn capex and USD 10 bn EBITDA in FY26 (80% energy/utilities), keeping leverage at 3.3x. Capex signals infrastructure shift toward smart grids and renewable energy, positioning Adani as critical enabler for enterprise decarbonization.