ADANI ENTERPRISES LIMITED

Runs a diversified infrastructure and resources platform spanning mineral trading, copper smelting, airports, toll roads, solar manufacturing, data centers and defence. In FY26 (year to 31 March 2026), segment revenue came 27.5% from Integrated Resources Management, 15.0% from the New Energy Ecosystem, 14.8% from Copper, 13.9% from Other businesses, 12.8% from Airports, 6.2% from Roads, 5.5% from Commercial Mining and 4.3% from Mining Services. Copper operations commenced at the Mundra smelter in Q1 FY27, with subsidiary Kutch Copper securing London Metal Exchange brand registration for Grade-A cathodes. The airports business started international operations at Navi Mumbai from 15 July 2026 and the Ganga Expressway toll road was inaugurated. Solar manufacturing commissioned a 1.7 GW module line in June 2026, while a new 400 MW data center contract was signed, taking signed data center capacity to roughly 1 GW. The defence arm is investing Rs 2,500 cr in a missile manufacturing complex. Materials account for 27.6% of revenue, with capex at 33.2% of revenue, reflecting an active build-out phase. AR · MarketPing reader · 2026-08-02

Revenue streams, as the annual report describes them. Integrated Resources Management (28%), New Energy Ecosystem (15%), Copper (15%), Other (14%), Airport (13%), Road (6%), Commercial Mining (6%), Mining Services (4%). Capital-heavy, diversified infrastructure and resources platform in an active build-out phase (capex 33.2% of FY26 revenue).

Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)