Business tycoon Gautam Adani’s Adani Group is planning to invest around USD 60 billion in the power sector by FY32, with a strong focus on renewables, power generation, and transmission/distribution. In an investor presentation, Adani Power stated that the group aims to invest USD 21 billion by FY30 to increase its renewable energy capacity to 50 GW, up from 14.2 GW in FY25.
Adani Green Energy Ltd (AGEL), a part of the Adani Group, develops, builds, owns, operates, and maintains utility-scale, grid-connected solar and wind farm projects. The group plans to invest USD 17 billion to build transmission and distribution capabilities through Adani Energy Solutions Ltd (AESL). AESL is a diversified energy solutions provider with operations spanning power transmission, distribution, smart metering, and cooling solutions.
The company plans to set up 30,000 km of transmission lines to support India’s growing energy needs by FY30, from 19,200 km as of March 31, 2025. The group aims to invest USD 22 billion through Adani Power by FY32 to have a 41.9 GW capacity from 17.6 GW in FY25.
Adani Power is the largest private thermal power producer in India with its capacity spread across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. It also operates a 40 MW solar power project in Gujarat.
Adani Group stated that India is one of the fastest growing electricity market in the world, and the overall installed capacity is expected to grow at a CAGR of 11 per cent to reach 1,000 GW by FY32 from 475 GW in FY25. Moreover, investment opportunities worth over USD 500 billion is provided by this sector.
India ranks 4th globally in renewable energy, with a total installed capacity of 172 GW. The segment offers over USD 300 billion worth of investment opportunities by FY32, and reach to the level of 571 GW. Meanwhile, the thermal capacity is expected to reach 309 GW by FY32 from 247 GW in FY25, while 80 GW of additional coal capacity is required by FY32. The segment offers investment opportunity worth USD 91 billion.
“Coal remains the backbone of India’s baseload power delivering stable, large-scale supply amid rising demand and renewable variability. It is critical for meeting growing peak demand,” Adani Power said.
India has one of the largest synchronised power grids in the world, with its transmission network offering investment opportunities worth USD 110 billion. The country aims to expand the network from 494,000 km in FY25 to 648,000 km by FY32.
Also Read: Ashwini Vaishnaw Highlights Rs 20 Lakh Crore Boost To GDP With New GST Reforms
