Adani Group firms report record capital expenditure of about Rs 1.53 lakh crore (around $16.1 billion) in the 2025-26 fiscal year, alongside an all-time high consolidated EBITDA of Rs 94,834 crore (about $10 billion). The reported capex is described as the largest annual investment by an Indian corporate group, and it expands the group’s portfolio gross asset base to Rs 7.85 lakh crore (about $82.8 billion). Sources say nearly 80% of FY26 spending is directed to core infrastructure businesses, including energy, utilities, transport, and logistics. Consolidated EBITDA rises about 5.6% year-on-year, and the group reports leverage remains below its stated target. The Hindu adds that the new assets are expected to contribute more meaningfully to earnings and cash flows starting in FY27. The disclosures are based on the group’s annual results and a credit compendium released during the week, with the investment cycle presented as part of an accelerating infrastructure expansion while keeping financial metrics within the company’s objectives.