Adani Group Fuels 2025 Infra Surge: Ports, Airports, AI Power India's Future
Overview
Adani Group cemented its infrastructure dominance in 2025, launching key ports and airports while expanding renewables and data centers. The conglomerate reported significant revenue and EBITDA growth, driven by core infrastructure assets like APSEZ and Adani Enterprises, signaling strong capital discipline amid ambitious expansion plans for India's future.
Stocks Mentioned
Infrastructure Milestones
Adani Group closed 2025 with a flourish of infrastructure development, marking the full operationalization of the Vizhinjam international transhipment port's first phase. The year also saw the commencement of commercial operations at the Navi Mumbai International Airport's initial phase, slated to become one of the world's largest greenfield airports.
Strategic Vision and Investments
To bolster India's artificial intelligence capabilities, the Group partnered with Google in October 2025. This collaboration aims to develop India's largest AI hub and support green energy infrastructure in Visakhapatnam with an investment exceeding $5 billion. The group also added over 6 GW of renewable capacity, including at Khavda, Gujarat.
Financial Performance
Chairman Gautam Adani highlighted substantial growth, with the gross block expanding by nearly ₹2 lakh crore to ₹6,09,133 crore by FY25, a 48% increase in two years. EBITDA surged 57% from FY23 to ₹89,806 crore in FY25, achieving a two-year CAGR of 25%. TTM revenues ending September 2025 reached $31.19 billion, with infrastructure businesses contributing $19.72 billion.
Sectoral Expansion
Key infrastructure businesses reported strong gains: Adani Ports and SEZ (APSEZ) saw its transport business surge 20.2%. Adani Enterprises' infrastructure segment grew 24.5%, while its cement business saw a 40.6% increase. Adani Green Energy added 2.4 GW in 1HFY26 and plans for 5 GW in FY26, including significant pumped storage projects. Adani Energy Solutions posted 16% YoY revenue growth, installing over 74 lakh smart meters.
Strategic Realignment
In a significant move, the Group divested its 44% stake in the FMCG joint venture Adani Wilmar for approximately $2 billion. This strategic exit sharpens Adani Group's focus on its core infrastructure and energy verticals, streamlining its business portfolio.
