New Delhi: Indian conglomerate Adani Group has unveiled plans to raise approximately $11 billion (around ₹1 trillion) in debt over the next five years, according to Chief Financial Officer Jugeshinder Singh. The move marks one of the group’s most ambitious funding strategies, reflecting its intent to accelerate expansion across energy, infrastructure, logistics, and other key business sectors. Singh emphasized that the capital raise is a part of a long-term strategy aimed at sustaining the group’s growth trajectory while maintaining financial discipline and operational efficiency.
The targeted borrowing is intended not only to fund new projects but also to refinance existing debt. Over recent years, the Adani Group has made a concerted effort to optimize its debt profile, lowering its net debt-to-EBITDA ratio and strengthening the credit quality of its assets. Analysts note that nearly 90% of the group’s EBITDA comes from assets rated ‘AA’ or better domestically, providing a strong foundation for large-scale borrowing while keeping investor confidence intact. Singh also clarified that no new dollar bonds are planned until at least 2027, signaling a careful approach to overseas financing and an emphasis on domestic capital markets.
Experts suggest that the debt plan could significantly impact India’s infrastructure landscape. The Adani Group’s presence spans multiple strategic sectors, including ports, airports, renewable energy, data centers, and power generation. The infusion of new capital is expected to accelerate projects that could bolster the country’s infrastructure capabilities, support employment, and contribute to long-term economic growth. However, large-scale debt accumulation comes with inherent risks. The group’s ability to manage leverage, service interest obligations, and execute projects efficiently will be closely monitored by investors, lenders, and rating agencies alike.
The announcement comes at a time when the conglomerate has committed to an ambitious capital expenditure program of ₹1.1–1.26 trillion for FY26, reflecting a balanced strategy of internal accruals, equity infusion, and selective borrowing. Singh highlighted that the upcoming debt raise is part of a “calibrated funding strategy” aimed at strengthening cash flow flexibility, financing growth initiatives, and ensuring sustainable financial health over the next decade. As the Adani Group moves forward, market observers will watch closely how these funds are deployed and whether the group can maintain its commitment to reducing leverage while pursuing rapid expansion.