Adani Group Plans $60 Billion Investment in Power and Renewable Sectors by FY32

The Adani Group has announced plans to invest around $60 billion in India’s power sector by FY32, as per the PTI reports. The investment will cover renewable energy, thermal power, and transmission and distribution. Details were shared in the group’s latest investor presentation.

Renewable Energy Projects

Adani Green Energy Ltd (AGEL) will invest $21 billion by FY30. The company targets an increase in renewable capacity to 50 GW, up from 14.2 GW in FY25. AGEL currently develops, owns, and operates solar and wind power projects across the country.

Thermal Power Expansion

Adani Power intends to spend $22 billion by FY32 to expand its thermal power capacity. Its goal is to grow from 17.6 GW in FY25 to 41.9 GW in FY32. The company is already the largest private producer of thermal power in India and plans to continue expanding capacity to meet growing demand.

Transmission and Distribution Focus

Adani Energy Solutions Ltd (AESL) has set aside $17 billion for transmission and distribution projects. By FY30, the company expects to have 30,000 km of transmission lines, compared to 19,200 km as of March 2025.

Sector Outlook

India’s installed power capacity is expected to grow from 475 GW in FY25 to 1,000 GW by FY32, a compound annual growth rate of 11%. Renewable energy capacity is projected to rise from 172 GW to 571 GW in the same period, representing over $300 billion in investment opportunities. 

Thermal capacity is expected to increase to 309 GW by FY32, requiring an additional 80 GW of coal-based capacity, valued at around $91 billion.

Read more: Adani Infrastructure Takes Joint Control of PSP Projects With 34.41% Stake!

Conclusion

Through these planned investments across renewable, thermal, and distribution, the Adani Group aims to align with India’s projected demand growth in the electricity sector by FY32.

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