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By Dalal Street Investment Journal (DSIJ)
Adani Group stocks came into focus as Gautam Adani addressed shareholders at the group's AGM. He highlighted ₹1.5 lakh crore of investments in FY26, plans to expand power capacity, growth across ports, airports and data centres, and outlined the group's long-term strategy focused on infrastructure and technology.
Adani Group stocks came into limelight on Wednesday as Chairman Gautam Adani addressed shareholders at the Annual General Meeting (AGM).
Investors closely tracked the AGM as Gautam Adani outlined the group's business performance, future investments and long-term growth plans.
Speaking to shareholders, Adani said the past year was marked by global uncertainty. He pointed to geopolitical tensions, changing energy priorities and the growing role of technology in national development.
Despite these challenges, he said the Adani Group continued to move ahead with its expansion plans.
"It was a year in which the world grew more fractured and complex. However, India's future cannot wait," Adani told shareholders.
According to Adani, this year's AGM theme is "Accelerating Infrastructure, Leveraging Intelligence". He said infrastructure and intelligence are no longer separate priorities. Instead, both will play an important role in India's growth story over the coming decades.
Adani described infrastructure as the backbone of economic development. This includes roads, ports, airports, power plants, transmission networks, renewable energy parks, logistics hubs and industrial ecosystems.
The second pillar is intelligence. This includes artificial intelligence (AI), automation, digital platforms, predictive systems and real-time analytics. He said these technologies will increasingly shape how businesses operate and how countries compete globally.
Highlighting the group's investment activity, Adani said the Adani Group invested more than ₹1.5 lakh crore in infrastructure projects during FY26. According to him, this represented more than 30% of all new private sector capital expenditure in India during the year.
He said the group continued to invest across energy, transport, logistics and manufacturing businesses despite facing intense scrutiny. "We did not bend. We did not pause," Adani said during his address.
Adani said Adani Energy Solutions Ltd strengthened its position in the power transmission sector during FY26. The company's transmission order book expanded to ₹72,000 crore.
Adani Power Ltd is currently executing what Gautam Adani described as India's largest private-sector power expansion programme. The company plans to invest more than ₹2 lakh crore and aims to reach 45 GW of generation capacity over the next five years.
Adani also announced a major partnership with Bhutan's Druk Green Power Corporation (DGPC). Under the agreement, both organisations plan to jointly develop 5,000 MW of hydropower projects in Bhutan.
The Adani Group is also preparing to enter the nuclear energy segment through Adani Atomic Energy. Adani said land has already been identified for the proposed project. The group is targeting 10 GW of nuclear power capacity by 2035.
In the city gas distribution business, Adani said Adani Total Gas Ltd crossed 1.1 million household Piped Natural Gas (PNG) connections. The company continues to expand its gas distribution network as demand for cleaner fuels rises across urban India.
Adani Ports and Special Economic Zone Ltd (APSEZ) handled more than 500 million tonnes of cargo during FY26. Adani called it a major milestone for the company's ports business.
He said the achievement lays the groundwork for APSEZ's goal of handling 1 billion tonnes of cargo by 2030.
Adani also highlighted the performance of Vizhinjam International Seaport in Kerala. The port crossed 1 million twenty-foot equivalent units (TEUs) within its first year of operations. According to Adani, no other Indian port has reached this milestone so quickly.
Adani highlighted the inauguration of Navi Mumbai International Airport and the new integrated terminal at Guwahati Airport. Adani said the airports were recently included among the World's Seven Most Beautiful Airports.
The Adani Group is also increasing its presence in digital infrastructure. Adani said the group's data centre platform is on track to build 3 GW of capacity by 2030. He also announced a binding memorandum of understanding with Google for a gigawatt-scale data centre project in Visakhapatnam.
In mining services, Adani said four new Mine Developer and Operator (MDO) agreements were signed during FY26. These agreements increased mining capacity to 145 million tonnes per annum.
In the cement business, cement supplied by the group was used in projects such as the Chenab Railway Bridge, Navi Mumbai International Airport and the Umiya Dham project in Ahmedabad. Total installed cement capacity increased to 110 million metric tonnes per annum (MMTPA).
The Adani Group is also strengthening its presence in defence and aerospace. Adani announced partnerships with global aerospace companies Leonardo and Embraer. He said the collaborations aim to build helicopter and regional aircraft manufacturing capabilities in India.
Looking ahead, Gautam Adani outlined three major initiatives for the next phase of growth.
The first focuses on simplifying the organisation's structure. He said the group is introducing a three-tier operating model across corporate offices and project sites. The second initiative focuses on building stronger relationships with contractors and project partners. The third and most important initiative, according to Adani, is improving worker welfare and dignity across the group's operations.
As the Adani Group enters another investment cycle, Gautam Adani said infrastructure and technology will remain at the centre of its strategy.
The Adani Group is one of the largest Indian conglomerates founded by Gautam Adani. He now serves as the founder and chairman of the group.
The group holds its presence in infrastructure, energy, logistics, and related businesses. It started as a commodity trading firm and has now grown into a diversified group with a strong focus on nation-building.
Adani Enterprises is the flagship company of the group and the group has 11 publicly traded companies.
Source: Dalal Street Investment Journal, NDTV Profit
SEBI Registered Research Analyst (INH000006396).
Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise.
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