Adani commits record ₹1.53 lakh cr FY26 capex, expanding airport-retail surface area
Adani Group's FY26 capex jumps to ₹1.53 lakh crore across airports, renewables and logistics, even as EBITDA grew just 5.6% to ₹94,834 crore. Navi Mumbai International and Guwahati terminals are now live, materially widening the conglomerate's airport-retail and travel-retail footprint.
What happened
Adani Group ramped FY26 capex to a record ₹1.53 lakh crore across airports, renewables, transport and logistics, while EBITDA rose modestly 5.6% to ₹94,834
Key facts
- ₹1.53 lakh crore capex FY26
- EBITDA ₹94,834 crore
- asset base ₹7.85 lakh crore
- 5.6% EBITDA growth
- net debt/EBITDA 3.3x
- cash ₹55,852 crore
- borrowing cost 7.8%
- transport EBITDA +23.2% to ₹25,228 crore
Why this matters
Live Navi Mumbai and Guwahati terminals open fresh negotiating windows for retail JV slots, F&B master concessions, and duty-free partnerships before incumbents entrench.