Adani Portfolio reports record FY26 capex of Rs 1.53 lakh crore; EBITDA hits all-time high

Adani Portfolio, the sprawling Indian conglomerate, just reported a staggering Rs 1.53 lakh crore ($18.3 billion USD) in capital expenditure for Fiscal Year 2026, marking a new record as its core infrastructure bets continue to pay off. This aggressive spending spree fueled an all-time high in EBITDA, signaling a robust operational recovery and a determined push into India's booming infrastructure and energy sectors, far outpacing the aftershocks of prior market turbulence. The record capex underscores Adani's strategic shift post-Hindenburg, prioritizing organic growth and asset creation across its diverse verticals, from renewable energy generation via Adani Green Energy Limited to expanding port capacities under Adani Ports & SEZ. This aggressive expansion aligns with India's "Viksit Bharat" vision, positioning the group as a pivotal player in the nation's energy transition and logistics backbone, even as global investors watch closely for sustained deleveraging alongside growth. With such substantial investments now operationalizing, the market will scrutinize Adani's ability to convert this expanded asset base into even stronger cash flows and further reduce net debt. Future quarterly earnings will provide critical insights into the return on this massive capital deployment, particularly as global capital markets assess both India's growth story and the group's long-term financial health. The trajectory of India's infrastructure spending will remain a key tailwind for Adani's ambitious plans.