Industrialist Gautam Adani-led Adani Group plans to invest about USD 60 billion in India’s power sector by FY32, with a sharp focus on renewables, thermal generation, and transmission/distribution.

This aligns with India’s emergence as one of the fastest-growing electricity markets globally. According to an investor presentation, Adani Green Energy (AGEL) will allocate USD 21 billion by FY30 to expand renewable capacity to 50 GW, up from 14.2 GW in FY25. AGEL is a key player in large-scale solar and wind projects. Adani Power will invest USD 22 billion by FY32, targeting an increase in thermal capacity to 41.9 GW from 17.6 GW.

Meanwhile, Adani Energy Solutions (AESL) will direct USD 17 billion to boost transmission and distribution infrastructure, aiming for 30,000 km of transmission lines by FY30 compared to 19,200 km as of March 2025. India’s installed capacity is projected to grow at an 11 percent CAGR, reaching 1,000 GW by FY32 from 475 GW in FY25.