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Gautam Adani
Cofounder & Chairman, Adani Group

Chairman' s Address -Annual General Meeting 2026- Adani Group

📅 Jun 23, 2026 Kairali News 34 MIN 288 VIEWS 25 SEGMENTS · 2 SPEAKERS
Chairman' s Address -Annual General Meeting 2026- Adani Group.

What Gautam Adani said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Gautam Adani, in his 2026 Annual General Meeting address, framed the Adani Group's strategy around two engines: infrastructure and intelligence. He reported a record capital investment of over ₹1.5 lakh crore in FY 2025-26, representing over 30% of India's total new private sector capex. Key achievements included a transmission order book of ₹72,000 crore, a power capex program of over ₹2 lakh crore targeting 45 GW, a partnership with Bhutan's Druk Green Power Corporation for 5,000 MW of hydro projects, and entry into nuclear energy with a 10 GW target by 2035. He highlighted Adani Ports handling over 500 million tons of cargo, Vizhinjam crossing 1 million TEUs, and the opening of Navi Mumbai International Airport. He also announced a 3 GW data center platform by 2030, with a binding MOU with Google in Visakhapatnam. Financially, he cited consolidated revenue of ₹2.92 lakh crore, EBITDA of ₹94,834 crore, and a net debt-to-EBITDA ratio of 3.3x. He outlined organizational changes focusing on simplification, contractor partnerships, and worker dignity.

Key takeaways

  1. Record FY 2025-26 capex of over ₹1.5 lakh crore, over 30% of India's new private sector capex.
  2. Adani Power implementing India's largest private sector power capex program of over ₹2 lakh crore, targeting 45 GW in 5 years.
  3. Adani Ports handled over 500 million tons of cargo in FY 2025-26, with a pathway to 1 billion tons by 2030.
  4. Data center business on path to 3 GW platform by 2030, with binding MOU for gigawatt-scale data center with Google in Visakhapatnam.
  5. Entered nuclear energy via Adani Atomic Energy, targeting 10 GW capacity by 2035.

Numbers and commitments

FigureWhat it refers toTypeAt
₹1.5 lakh crore Record capital investment in FY 2025-26 guidance 4:26
30% Share of India's total new private sector capex metric 4:26
₹72,000 crore Transmission order book at Adani Energy Solutions metric 5:48
₹2 lakh crore Power capex program at Adani Power guidance 5:48
45 gigawatt Target capacity for Adani Power over next 5 years guidance 5:48
5,000 megawatts Hydro projects to be developed with Druk Green Power Corporation in Bhutan guidance 5:48
10 gigawatt Target nuclear capacity by 2035 guidance 7:32
1.1 million Piped natural gas home connections at Adani Total Gas metric 7:32
500 million tons Cargo handled by Adani Ports in FY 2025-26 metric 7:32
1 billion tons Cargo target for Adani Ports by 2030 guidance 7:32

Chapters

  1. 0:00Theme: Infrastructure and Intelligence
  2. 4:26Capital Investment Scale
  3. 5:48Energy Sector Achievements
  4. 7:32Nuclear Energy Entry
  5. 9:23Ports and Logistics Milestones
  6. 10:34Airport Developments
  7. 11:48Digital and Industrial Infrastructure
  8. 14:03Defense and Aerospace Ambitions
  9. 15:25Financial Performance FY 2025-26
  10. 17:40Organizational Transformation and Worker Dignity
Gautam Adani 0:00 ↗
You responded with a participation and you provided us the mandate to help keep building India. And true to this spirit of a nation building, the theme of my address this year focuses on accelerating infrastructure leveraging intelligence. These are no longer two separate priorities. They are the twin global engines that must shape India's strength, secure India's sovereignty, and accelerate India's journey to becoming one of the defining powers of this century.
The first engine, infrastructure, is the roads, ports, airports, transmission lines, power plants, renewable parks, gas networks, logistics platforms, cement capacity, water systems, and our industrial ecosystems that make national growth possible. The second engine, intelligence, is data centers, the use of AI, automations, predictive systems, digital platforms, real-time analytics, and machine laid decision support to make every one of these assets more responsive. Infrastructure gives a nation muscle. Intelligence gives a nation mastery. And today, the two are inseparable.
We are now one of the very few global companies that are not reacting to the future but are prepared for it. The fact is that we have been positioning for this day since years. We saw early that the world was entering a new era, one where geopolitical fault lines would deepen, supply chains would fragment, and energy security would return as a strategic priority. We saw that the race for technological leaderships and sovereignty would be constrained not by ambitions but by infrastructure.
Allow me to elaborate. Our strength lies in the way our infrastructure pieces connect. From mining and power generations to transmission and distribution to ports and logistics to data centers and fulfillment centers and roads to water. We have the ability to connect every critical layer of infrastructure that is needed to power the age of intelligence.
Let me begin with a few numbers that capture the scale of what we are building. In FY 25-26, we made a record capital investment of more than rupees 1.5 lakh crore in hard infrastructures. To put that in perspective, this represented over 30% of India's total new private sector capital expenditure of the year. For us, this is more than a financial number. It is a statement of belief. And there can be no stronger testimony to our commitment to nation building than the scale at which we continue to invest in the infrastructure that will power India's next chapter.
So, let me shift to a few tangible examples of what we delivered over the past year. At Adani Energy Solutions, our transmission order book rose to rupees 72,000 crore. We secured several major projects including the Kawada South Old Pard HVDC line, reinforcing our positions as India's only private sector player with a proven HVDC capability. At Adani Power, we are implementing India's largest ever private sector power CAPEX program of over rupees 2 lakh crore with a target of reaching 45 gigawatt of capacity over the next 5 years. We are also honored to be partnering with the government of Bhutan's Druk Green Power Corporation. As a part of this partnership, the Adani Group and the DGPC will jointly develop 5,000 megawatts of hydro projects in Bhutan.
Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India's long-term energy future. With land identified and a 10 gigawatt targeted capacity by 2035, we are positioning ourselves early to serve the growing national demand for clean down-the-clock power. At Adani Total Gas, we accelerated and crossed the significant milestone of over 1.1 million piped natural gas home connections. Given the current geopolitical situations, we are further ramping up our PNG projects to meet India's rising demand for more accessible gas. Coming to connectivity and logistics, Adani Ports handle over 500 million tons of cargo in financial year 2025-26, setting an unmatched benchmark for the nation and creating a clear pathway to 1 billion tons by 2030.
Our integrated network of ports, SEZs, logistics assets, and expanding maritime services places us in that unique position to keep gaining market share while lowering the cost and complexity of our India's trade. I'm proud to specifically say that Vizhinjam, one of the most strategic ports on the global maritime route, delivered a record first year by crossing 1 million TEUs. This is the fastest pace ever achieved by any Indian port. And a strong signal of India's arrival on the global transshipment map.
In airports, we achieved two defining milestones with the opening of Navi Mumbai International Airport and the new integrated terminal building at Guwahati airports, both inaugurated by our honorable Prime Minister. Earlier this year, both these airports made it to the list of the world's seven most beautiful airports. The commencement of operations at Navi Mumbai Airport in December 2025 also marked a proud moment in India's aviation landscape with a 90 million passenger capacity airport built in a world record time of just over four years.
In digital and industrial infrastructure, our data center business is firmly on the path to building a 3 gigawatt platform by 2030. The binding MOU for a gigawatt scale data center with a Google in a Visakhapatnam reflects both the scale of the digital demand ahead and the confidence that global technology leaders such as Google, Microsoft, Uber, and Flipkart are placing on us.
Across our mining services business, four new MDO agreements to cover capacity to a record 145 million tons per annum. Thereby further consolidating our positions as India's largest private miner and helping secure critical resource flow for the broader industrial economy. At Adani Cement, we contributed to iconic national projects ranging from the Chenab Railway Bridge to Navi Mumbai International Airport and the Umiya Dham foundations in Ahmedabad. Over the past year, our cement platform expanded significantly with total capacity increasing to 110 million ton per annum.
In defense and aerospace, our ambitions became even bolder. Our partnerships with a Leonardo and Embraer are helping lay the foundation for integrated helicopter and regional aircraft manufacturing ecosystems in India. We are building a national aerospace platform that spans manufacturings, MRO services, and pilot training. I'm also privileged to say that during Operation Sindhu, our drones, anti-drone systems, missiles, and ammunitions supported our armed forces when it mattered the most.
Now, coming to our financial performance, FY 2025-26 was another year of disciplined growth and strong executions for your group. Our consolidated portfolio revenue stood at rupees 2.92 lakh crore, thereby reflecting a year-on-year growth of 7.4%. EBITDA reach rupees 94,000 834 crores with the net debt to EBITDA ratio at a healthy 3.3x, thereby demonstrating the strength and resilience of our operating businesses. Profit after tax also rose by 13.9% to rupees 46,000 376 crores, while our cash flow stood at rupees 67,000 900 and 95 crores. These record numbers gives us the financial strength, liquidity, and confidence to fund our ambitious capex plans and continue building at unmatched scale across India's core infrastructure sectors.
Let me therefore speak about the three foundational steps we are taking to build the organizations that will execute our vision over the next decade. First, we are simplifying the way we work. We are putting in place a three-layer structures across both our headquarters and our sites to reduce bureaucracy, sharpen accountability, and bring decisions closer to executions. Every role, every processes, and every layer must add value. Non-core activities will move either to our GCCs or to nominated partners. Second, we are changing the way that we work with our contractors. We see them as a long-term partners in nation building. We'll build deeper, more stable partnerships where their growth is supported, their margins are protected, and their interest are aligned with ours to help us deliver projects with a greater speed, quality, and ownership.
Third, and most importantly, we are placing worker dignity at the heart of our transformations across our own and contracted workforce of nearly 4 lakh people, almost 85% are people who work on the ground at our sites. They are the people who turn our plants into reality. And we are committed to ensuring that every worker is treated with a dignity. This means clean living conditions, hygienic food, access to medical support, safe working environments, and fair wages paid on time. And this belief does not stop at the boundary of our businesses. It extends into the communities we serve, the families we touch, and the futures we help shape.
That is why, alongside the growth of our enterprise, the Adani Foundations remains central to our purpose. The foundation currently reaches about 10 million people across 7,000 villages and 22 states. And as it enters its landmark 30th year, the foundation is deepening its mission with unprecedented scale and convictions under the able leadership of Dr. Priti Adani. In health care, we are building one of India's most ambitious rural vision care model ecosystems in Bihar, combining all aspects of affordable eye care. Through the Adani University of higher education and research, and the Gujarat Adani Institute of a medical sciences in Bhuj, we are now also creating centers of excellence in affordable health care educations and delivery. Alongside this, Adani Health City marks yet another defining step in our health care journey with integrated health campuses coming up in Ahmedabad and Mumbai to bring together thousand bed multi-specialty hospitals, medical colleges, transitional care, and a research facilities.
Coming to skill development, we are skilling more than 1.2 lakh youth across rural India, turning aspiration into employability, and employability into dignity. This year, we moved from training as an activity to training as an industrialized capability, delivering tens of thousands of training hours and strengthening workforce readiness. Also in Kutch in Gujarat, our adoptions of ITIs under the Karma Utsav initiative is creating a powerful local employment engine, reducing talent migrations.
Therefore, when I look at our journey, I see one integrated purpose to build infrastructure that powers India and to build institutions that ensure human dignity at every level of society. This is the spirit with which we now step into the future and so allow me to end with some words of gratitude.
To our shareholders, thank you for your trust, your patience, and your resilience. You have stood by us not only in moments of achievement but also through periods of intense scrutiny. Your faith is our strength. To every Adaniyan, you are the heartbeat of this enterprise. Every port we operate, every airport we run, every transmission line we build, every data center we imagine, every road, mine, warehouse, power plant, and project we deliver carries your discipline, your courage, and your pride. To our partners, lenders, and communities, we are humbled by the trust you place in us. Scale is never built alone. It is built through collaborations and a shared belief that India's rise is larger than any one institutions. To our families, you carry the burden behind our public achievement. You give us the strength to stay grounded and the emotional foundation to keep building. And to India, we remain deeply grateful for the privilege of serving our nations whose greatest chapters are still being written and whose most defining pages are yet to come.
And as this India take shape, allow me to say this, not in the language of business, but in the language of our nation. In every one a dream, in every heartbeat a belief, in every one a dream, in every heartbeat a belief, every morning of India creates a new history. This capital of dreams, So let this be the year we are remembered for what we built. We built when it was hardest to build. We believed when it was hardest to believe. And we proved that resilience is a way of life for us. Yes, the future will demand more ambitions, more discipline, and more executions than ever before. But together, we stand ready. Ready to build. Ready to serve. And ready to help shape the India whose greatest days lie ahead. Thank you. Jai Hind.

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Cite this transcript

APA, MLA, BibTeX
APA

Adani, G. (2026, June 23). Chairman' s Address -Annual General Meeting 2026- Adani Group [Interview transcript]. Kairali News. CEOInterviews.AI. https://ceointerviews.ai/interview/1182925/

MLA

Gautam Adani. "Chairman' s Address -Annual General Meeting 2026- Adani Group." Kairali News, 23 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1182925/.

BibTeX
@misc{adani2026_1182925,
  author       = {Gautam Adani},
  title        = {Chairman' s Address -Annual General Meeting 2026- Adani Group},
  howpublished = {Interview transcript, Kairali News. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/1182925/},
  note         = {Speaker-attributed transcript with timestamps}
}