Data center capacity ramp to 470+ MW in 2-3 years
Current operational capacity of ~65 MW expected to grow to 470-500 MW over next 2-3 years through hyperscaler-driven construction cycles of 2.5 years each, adding several hundred MW per cycle.
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Adani Enterprises · forward-looking guidance across the available source record.
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What management said would happen.
expansion
Navi Mumbai airport to reach 20M quarterly passengers
Immediate focus for airports business is achieving 20 million passenger milestone per quarter at Navi Mumbai, where international operations started July 15, 2026.
Mining services dispatch volume growth of 16-20%
With new mine contracts becoming operational, mining services dispatch volume expected to grow 16-20% in FY27, ramping from current ~49 million tons.
Copper EBITDA run-rate of ₹800 crore with margin normalization
Copper EBITDA expected to remain in ₹800 crore range as utilization increases to 75%, though EBITDA margin on sales expected to normalize from 7% toward 5% long-term.
Solar manufacturing capacity to 10 GW by FY27 year-end
Module capacity of 5.7 GW and cell capacity of 4 GW expected to reach 10 GW each by end of FY27, from 6 GW expansion plan.
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.
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.