Adani AGM 2026 Live: Gautam Adani Announces Big Workforce, Healthcare And Education Push At AGM

This marks the end of the Adani Group AGM. 

Tune in to NDTV Profit for the highlights, analysis, and key insights into the same. 

Closing his address, Gautam Adani expressed gratitude to shareholders, employees, partners, communities and families who have supported the group's growth journey.

Addressing shareholders, Adani thanked them for their continued trust and support, particularly during periods of heightened scrutiny, saying their confidence had been a source of strength for the group. He also acknowledged the contribution of Adani Group employees, describing them as the driving force behind the company's operations across ports, airports, power, logistics, data centres, mining and infrastructure projects.

Adani extended his appreciation to business partners, lenders and communities, noting that the group's growth has been built on collaboration and a shared belief in India's long-term potential. He also recognised the role of families, saying they provide the support system that enables employees and leaders to pursue the group's ambitions.

Adani said the group remains committed to contributing to India's development and expressed gratitude for the opportunity to participate in what he described as the country's next phase of growth and transformation.

Concluding his address, Gautam Adani said the group's long-term vision extends beyond building physical assets and focuses equally on creating institutions that improve lives.

Reflecting on the group's journey, Adani said its purpose is two-fold: building the infrastructure that supports India's economic growth while also creating institutions and initiatives that uphold human dignity across society.

He said the group's investments in infrastructure, healthcare, education, skill development and community initiatives are all linked by a common objective of contributing to India's development story. Adani added that this broader philosophy will continue to guide the group's future growth plans as it expands across infrastructure, energy, logistics, digital services and social development initiatives.

Gautam Adani said the group's skill development initiatives are now reaching more than 1.25 lakh young people across rural India, with a focus on improving employability and creating sustainable livelihood opportunities.

According to Adani, the group has shifted from viewing training as a standalone activity to building it as a structured capability, delivering thousands of hours of vocational and workforce training during the year.

He also highlighted the group's efforts in Kutch, Gujarat, where the adoption of Industrial Training Institutes (ITIs) under the Karma Utsav initiative is helping create local employment opportunities and strengthen workforce readiness. Adani said the initiative is aimed at reducing migration by enabling young people to access skill development and job opportunities closer to home.

Gautam Adani said the group is scaling up its presence in healthcare through a mix of affordable care, medical education and large hospital infrastructure projects. He highlighted the development of a rural vision-care ecosystem in Bihar, which aims to provide affordable eye-care services through an integrated delivery model.

Adani also said the group is strengthening healthcare education through institutions such as Adani University of Higher Education and Research and the Gujarat Adani Institute of Medical Sciences (GAIMS) in Bhuj, where it is establishing centres of excellence focused on affordable healthcare delivery and medical training.

In addition, he outlined plans for Adani Health City, a major healthcare initiative that will see integrated health campuses developed in Ahmedabad and Mumbai. The projects will include 1,000-bed multi-specialty hospitals, medical colleges, transitional care facilities and research centres, expanding the group's footprint in healthcare infrastructure.

Gautam Adani said the group's commitment extends beyond its businesses and into the communities in which it operates, with the Adani Foundation continuing to play a central role in its social impact initiatives.

He noted that the Foundation currently reaches around 10 million people across 7,000 villages in 22 states, making it one of the largest corporate-led community development programmes in the country.

As the Adani Foundation completes 30 years of operations, Adani said it is expanding its reach and deepening its engagement across sectors under the leadership of Dr Priti Adani. He added that the Foundation's work remains focused on improving lives and creating long-term opportunities for communities alongside the group's business growth.

Gautam Adani outlined what he described as three foundational initiatives aimed at preparing the Adani Group for its next phase of growth.

The first focuses on organisational simplification. Adani said the group is implementing a three-tier structure across its corporate headquarters and project sites to streamline decision-making, improve accountability and reduce bureaucracy. 

The second pillar centres on deeper engagement with contractors. Adani said the group intends to move beyond traditional vendor relationships and build long-term partnerships with contractors.

The third, and most significant, pillar is a renewed focus on worker welfare and dignity. Adani noted that the group's direct and indirect workforce now numbers nearly 4 lakh people, with around 85% employed at project sites and operational locations. 

Turning to the group's financial performance, Gautam Adani said FY26 was marked by disciplined growth and strong execution across the Adani portfolio.

The group reported consolidated revenue of Rs 2.92 lakh crore, up 7.4% year-on-year, reflecting continued expansion across its infrastructure, energy, logistics and industrial businesses.

EBITDA rose to Rs 94,834 crore, while the group's net debt-to-EBITDA ratio stood at 3.3 times, which Adani said underscores the resilience of its operating businesses and balance sheet.

On the bottom line, profit after tax increased 13.9% year-on-year to Rs 46,376 crore, while cash flow from operations stood at Rs 67,995 crore.

The numbers come amid a period of record capital expenditure by the group, which invested more than Rs 1.5 lakh crore in infrastructure projects during FY26, while continuing to maintain what management described as a healthy leverage profile.

Gautam Adani said the group is stepping up its ambitions in defence and aerospace through partnerships with global aerospace companies Leonardo and Embraer.

He said the collaborations are aimed at building integrated helicopter and regional aircraft manufacturing ecosystems in India, while also creating a broader aerospace platform spanning manufacturing, maintenance, repair and overhaul (MRO), services and pilot training.

Adani also noted that the group's drones, anti-drone systems, missiles and ammunition were deployed during Operation Sindoor, supporting India's armed forces during the operation.

In the cement business, Adani said the group continued to supply material for several large infrastructure projects, including the Chenab Railway Bridge, Navi Mumbai International Airport and the Umiya Dham project in Ahmedabad.

He added that the group's cement platform expanded significantly during the year, with total installed capacity increasing to 110 million metric tonnes per annum (MMTPA), strengthening its position among India's largest cement manufacturers.

Adani also outlined growth in the group's mining services business, stating that four new mine developer and operator (MDO) agreements have increased mining capacity to a record 145 million tonnes per annum.

According to Adani, the expansion further strengthens the group's position as India's largest private-sector mining operator and supports the country's industrial and energy requirements by securing critical resource supplies.

Gautam Adani said the group's data centre business is on track to build a 3 GW capacity platform by 2030, positioning itself to capitalise on India's rapidly growing digital infrastructure needs.

He highlighted the recently signed binding memorandum of understanding with Google for a gigawatt-scale data centre project in Visakhapatnam, saying the partnership reflects both the scale of future digital demand and the confidence global technology companies such as Google, Microsoft, Uber and Flipkart have placed in the Adani ecosystem.

Gautam Adani highlighted two major milestones in the group's airports business during FY26 — the inauguration of Navi Mumbai International Airport and the new integrated terminal at Guwahati Airport, both of which were inaugurated by Prime Minister Narendra Modi.

Adani said both airports were recently included in the list of the World's Seven Most Beautiful Airports, underscoring the group's growing presence in India's aviation infrastructure sector.

He also described the commencement of operations at Navi Mumbai International Airport in December 2025 as a landmark moment for Indian aviation. According to Adani, the airport, designed to handle 90 million passengers annually, was developed in just over four years, making it one of the fastest airport infrastructure projects of its scale globally.

Gautam Adani said Adani Ports and Special Economic Zone (APSEZ) handled more than 500 million tonnes of cargo in FY26, setting what he described as a new benchmark for India's ports sector and laying the foundation for the company's target of reaching 1 billion tonnes of cargo throughput by 2030.

He attributed the growth to the group's integrated ecosystem spanning ports, special economic zones, logistics infrastructure and maritime services. According to Adani, this integrated network is helping the company strengthen its market position while reducing the cost and complexity of trade movement across India.

Adani also highlighted the performance of Vizhinjam International Seaport in Kerala, calling it one of the most strategically located ports on global shipping routes.

The port crossed 1 million twenty-foot equivalent units (TEUs) in its first year of operations, a milestone Adani said was achieved faster than at any other Indian port. He added that the performance underscores India's growing role in global transshipment and maritime trade.

Gautam Adani said Adani Total Gas crossed a key milestone during the year, surpassing 1.1 million Piped Natural Gas (PNG) household connections across its network.

He said the company is accelerating the rollout of PNG infrastructure to cater to India's growing demand for cleaner and more accessible energy solutions. Adani added that the current geopolitical environment has reinforced the importance of expanding domestic gas distribution networks and improving energy accessibility.

He further outlined the group's plans in the nuclear energy space through Adani Atomic Energy, describing it as a strategic move to support India's long-term energy requirements. Adani said land has already been identified for the project and the group is targeting 10 GW of nuclear power capacity by 2035, positioning itself to meet rising demand for clean, reliable, round-the-clock electricity.

Gautam Adani said Adani Power is currently executing what he described as India's largest private-sector power expansion programme, involving investments of more than Rs 2 lakh crore. The company is targeting 45 GW of generation capacity over the next five years, significantly expanding its presence in the country's power sector.

Adani also highlighted the group's growing international energy partnerships, announcing a collaboration with Bhutan's Druk Green Power Corporation (DGPC). Under the partnership, the Adani Group and DGPC plan to jointly develop 5,000 MW of hydropower capacity in Bhutan, deepening the group's presence in renewable energy and regional power infrastructure.

Highlighting the group's infrastructure execution over the past year, Gautam Adani said Adani Energy Solutions expanded its transmission order book to Rs 72,000 crore.

He noted that the company secured several major projects during the year, including the Khavda–South Olpad HVDC transmission line, further strengthening its position in the power transmission sector.

Adani said the project reinforces Adani Energy Solutions' standing as India's only private-sector player with proven high-voltage direct current (HVDC) transmission capabilities, a technology critical for transmitting large volumes of renewable energy over long distances.

Gautam Adani highlighted the scale of the group's ongoing investment cycle, noting that Adani Group invested more than Rs 1.5 lakh crore in infrastructure during FY26. He said the spending accounted for over 30% of all new private-sector capital expenditure in India during the year.

Adani described the investment not merely as a financial milestone but as a reflection of the group's long-term conviction in India's growth story. He said the scale of capital deployment underscores the group's commitment to building the infrastructure required to support the country's next phase of economic expansion.

Gautam Adani said this year's theme, "Accelerating Infrastructure, Leveraging Intelligence," reflects what he sees as the two pillars that will drive India's rise in the decades ahead.

According to Adani, infrastructure and intelligence can no longer be viewed as separate priorities. Instead, they have become complementary forces that will strengthen India's economic capabilities, enhance strategic self-reliance and support its ambition of becoming a leading global power.

He described infrastructure as the physical backbone of growth, encompassing assets such as roads, ports, airports, power plants, transmission networks, renewable energy parks, gas pipelines, logistics hubs, water systems and industrial ecosystems.

The second pillar, intelligence, refers to the growing role of technologies such as artificial intelligence, automation, digital platforms, real-time analytics and predictive systems. Adani said these tools are increasingly being used to improve efficiency, responsiveness and decision-making across infrastructure assets and networks.

Gautam Adani says, "While others debated, your Group built, advancing its journey as the world’s most integrated infrastructure platform — across energy, transport, logistics and industrial manufacturing. This progress did not come in calm conditions for us. It came in the middle of extraordinary scrutiny. However, we did not bend. We did not pause."

Chairman and Managing Director Gautam Adani starts his address, with a recap of the the year gone by. 

He says, "It was a year in which the world grew more fractured, complex energy security models returned to the centre of national strategy and technology became inseparable from sovereignty. However, even in the face of these challenges, your Adani Group remained anchored to an unwavering belief — India’s future cannot wait."

Ahead of the Annual General Meeting and the Chairman's address, here are a few updates and achievements from the group.

• Adani Mundra Airport Takes Flight As Fully Integrated, Multi-Modal Logistics And Business Hub
• Adani Ports Bags Rs 666 Crore 10-Year Marine Services Contract For Argentina's First LNG Export to India
• Adani Ports to Acquire Jaypee Fertilizers For Rs 1,500 Crore
• Adani Portfolio Reports Highest Ever Capex By Any Indian Corporate
• Adani Group Market Cap Nears Rs 20 Lakh Crore; Adds Rs 5 Lakh Crore In 2026
• US Case Closure To Improve Adani Group's Borrowing Profile, Attract More Lenders: Keki Mistry

Ahead of the address to shareholders, investors will be watching for commentary on the group's investment pipeline after the conglomerate reported a record capital expenditure of Rs 1.53 lakh crore in FY26 — the highest annual capex undertaken by any Indian corporate.

The Adani Group said earlier this month that its asset base expanded to Rs 7.85 lakh crore as it accelerated investments across energy, utilities, transport and logistics businesses. Nearly 80% of the spending was directed towards core infrastructure platforms, underscoring the group's continued focus on long-gestation assets.

The infrastructure-to-energy conglomerate also reported record EBITDA of Rs 94,834 crore for FY26, up 5.6% from a year ago, with core infrastructure businesses contributing 87% of total earnings.

Investors will also be looking for updates on funding and leverage. The group ended FY26 with cash balances of Rs 55,852 crore, equivalent to 15% of gross debt, while its average borrowing cost declined to 7.8%, compared with 9% two years ago, aided by rating upgrades and improved access to capital.

Gautam Adani is set to address shareholders at the Adani Group's Annual General Meeting (AGM) 2026 shortly.

The AGM will be streamed live on Adani Group's official digital platforms.

Catch the live stream and follow NDTV Profit for minute-by-minute coverage, key announcements and market reaction.