Adani Enterprises Ltd (AEL) plans to spend about Rs 50,000 crore in capital expenditure over the next five years with a major chunk of it going towards airports business. The Gautam Adani-led group plans to infuse Rs 35,780 crore in its airport business in the next five years, AEL CFO Jugeshinder Singh said.
“For Adani Enterprises for the next five years, the main focus area is airports, roads. The ballpark number over five years we expect. The capex is about Rs 50,000 crore. With airports we want to make it a consumer transport facility as APSEZ (Adani Ports & Special Economic Zone) is a cargo transport facility. For that we have a clear strategy which Mr Adani has laid out for us” Singh said.
The company had won bids for six airports at Ahmedabad, Mangaluru, Lucknow, Trivandrum, Jaipur and Guwahati. They took over the operation, management and development of Mangaluru and Lucknow airports on October 31 and November 2, respectively while operations of Ahmedabad airport will be taken over this month. About capex in road business, Singh said as a group point of view it is not very significant but overall if we look at all in next five years it may be Rs 6,000 crore.
In the roads sector, the company has signed five concession agreements with the NHAI under hybrid annuity model for construction of roads aggregating to over 200 kilometres. Two of the agreements were signed in July in Andhra Pradesh and Madhya Pradesh. The project completion status of Bilaspur-Pathrapali project at Chhattisgarh is about 50%, as per the company.
Commenting on the ongoing coal auction, AEL CFO Singh said, “We will continue to work with government’s programme so wherever it makes commercial sense for us we will be keen to participate. We are in a good position to exploit this opportunity.”
