Adani Group To Invest $60 Billion In Power Sector By FY32

Industrialist Gautam Adani-led Adani Group plans to invest around USD 60 billion in India’s power sector by FY32. The focus will be on renewable energy, generation, and transmission and distribution.

In an investor presentation, Adani Power said the group will spend USD 21 billion by FY30 to expand renewable energy capacity to 50 GW, up from 14.2 GW in FY25.

Adani Green Energy Ltd (AGEL), part of the group, develops, builds, owns, and operates utility-scale solar and wind projects.

Transmission and Distribution Expansion

Adani Energy Solutions Ltd (AESL) will receive USD 17 billion to expand transmission and distribution. AESL works in power transmission, distribution, smart metering, and cooling solutions.

The company targets 30,000 km of transmission lines by FY30, compared to 19,200 km as of March 2025.

Adani Power will invest USD 22 billion by FY32 to expand capacity to 41.9 GW from 17.6 GW in FY25.

The company is India’s largest private thermal power producer, with plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. It also runs a 40 MW solar project in Gujarat.

India’s Energy Market on the Rise

Adani Group noted that India is one of the fastest-growing electricity markets globally.

The country’s 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. This creates investment opportunities worth over USD 500 billion.

In renewables, India ranks fourth globally with 172 GW installed capacity. The segment offers USD 300 billion investment opportunities by FY32, with capacity expected to reach 571 GW.

Thermal capacity is projected to rise to 309 GW by FY32 from 247 GW in FY25, with 80 GW additional coal capacity needed. This offers USD 91 billion worth of investment.

Adani Power said coal remains the backbone of India’s baseload power. It ensures a stable supply amid rising demand and renewable variability.

India also has one of the largest synchronised grids globally, with a transmission network targeted at 6,48,000 km by FY32 from 4,94,000 km in FY25. This offers investment potential worth USD 110 billion.