Adani says US legal issues ‘behind us’, bets on AI-driven infrastructure boom

Billionaire Gautam Adani stated in his annual shareholder letter that the Adani Group has moved past its US legal issues, allowing it to focus on growth driven by artificial intelligence and infrastructure. The conglomerate emphasized its commitment to expansion despite past scrutiny, framing its ₹24,930 crore rights issue in Adani Enterprises as a vote of confidence from investors amid governance concerns. Adani outlined a strategy centered on two key growth drivers: infrastructure and AI, arguing that technological advancements require massive investments in energy, transmission, data centers, and logistics. The group invested over ₹1.5 lakh crore in fiscal 2025-26, expanding renewable energy, transmission networks, and digital infrastructure. Adani Green added 5.1 GW of renewable capacity, reaching 19 GW total, while Adani New Industries launched a 5-MW green hydrogen pilot project. Adani Energy Solutions secured ₹71,779 crore in transmission orders, and Adani Power plans to expand capacity to 42 GW by fiscal 2032 through a ₹2 lakh crore program. The group also advanced digital infrastructure, targeting a 2-GW data center platform by 2030 and signing a memorandum with Google for a large-scale project in Visakhapatnam. Adani Ports handled over 500 million tonnes of cargo, while the group’s airport business opened Navi Mumbai International Airport and a new terminal at Guwahati Airport. The letter highlighted the group’s resilience amid scrutiny, positioning it as a leader in India’s infrastructure and AI-driven future. Adani reiterated that future technological leadership depends on both digital innovation and physical infrastructure, stating, 'Before AI can think, energy must flow.'