Ganga Expressway to double road business EBITDA to ~₹3,000 crore
Ganga Expressway commissioning in Q4 FY26 is expected to double the road segment's EBITDA from ~₹1,500 crore to ~₹3,000 crore.
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Adani Enterprises · forward-looking guidance across the available source record.
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Kutch Copper to add ₹2,000-3,000 crore EBITDA at 70-80% utilization from Q1 FY27
Copper cathode production ramp-up from Q1 FY27; at 70-80% utilization, it will add ₹2,000-3,000 crore EBITDA.
Navi Mumbai airport to add ~₹2,000 crore to annual EBITDA
On a normalized run-rate basis, Navi Mumbai airport will contribute just over ₹2,000 crore to EBITDA, a ~40% increase to the current annualized airport EBITDA of ~₹5,200 crore.
6 GW solar cell line to be commissioned by September 2026
The 6 GW solar cell line, with total capex of ~₹10,000 crore, is on schedule for commissioning by September 2026.
Incremental EBITDA of ₹3,000 crore in FY27
Management expects ₹3,000 crore additional EBITDA from Navi Mumbai airport, Kutch Copper, and Ganga Expressway in FY27.
FY27 Capex of ₹40,000 crore
Capex planned at ₹40,000 crore, with airports ~₹17,000 crore, PVC ~₹9,000 crore, natural resources ~₹4,000 crore, and others ~₹10,000 crore.
Mining Services High Double-Digit Growth
Mining services volumes expected to grow ~20% in FY27, driven by ramp-up of operational mines.
Airport Business Ready for Demerger by FY27-28
Airport platform expected to be ready for demerger around FY27-28, with strong investor interest.