Adani Group is set to invest around $60 billion in India’s power sector by FY32, with a special focus on renewables, generation, and transmission and distribution.

In a recent investor presentation, Adani Power outlined plans to invest $21 billion by FY30 to scale up renewable energy capacity to 50 GW from 14.2 GW as of FY25. Adani Green Energy Ltd (AGEL), part of the Adani Group, develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects.

The group also plans to invest $17 billion in building transmission and distribution capabilities through Adani Energy Solutions Ltd (AESL), a multidimensional organisation with presence in power transmission, distribution, smart metering, and cooling solutions. AESL aims to set up 30,000 km of transmission lines by FY30 to support India’s growing energy requirements, up from 19,200 km as of March 31, 2025.

Through Adani Power, the group targets $22 billion investment by FY32 to increase capacity to 41.9 GW from 17.6 GW in FY25. Adani Power is India’s largest private thermal power producer, with capacities across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, Tamil Nadu, and a 40 MW solar power project in Gujarat.

Adani Group highlighted that India is among the fastest-growing electricity markets globally, with overall installed capacity expected to grow at a CAGR of 11 percent to reach 1,000 GW by FY32 from 475 GW in FY25. The sector presents investment opportunities worth over $500 billion.

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In renewables, India ranks 4th globally with total installed capacity of 172 GW. The segment offers investment potential exceeding $300 billion by FY32 and is expected to reach 571 GW. Thermal capacity is projected to grow to 309 GW by FY32 from 247 GW in FY25, with 80 GW of additional coal capacity required, representing investment opportunities worth $91 billion.

Adani Power emphasised, “Coal remains the backbone of India’s baseload power, delivering stable, large-scale supply amid rising demand and renewable variability. It is critical for meeting growing peak demand.”

India also boasts one of the largest synchronised grids globally, with its transmission network offering investment opportunities of $110 billion. The country aims to expand transmission lines to 648,000 km by FY32 from 494,000 km in FY25.

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