Adani Infra

What Adani Infra does

Adani Infra (India) Ltd (AIIL) is the in-house infrastructure execution arm of the Adani Group, operating as both a Project Management Consultancy (PMC) and an Engineering, Procurement, and Construction (EPC) provider to Adani Group entities and select external clients. Headquartered at Adani Corporate House in Ahmedabad, the company is 100% held by Adani Properties Pvt. Limited and employs 101-250 people. It executes projects across seven verticals: Energy (HVDC transmission, thermal power), Infrastructure (airports, ports, logistics, roads, data centres), Manufacturing (cement, petrochemicals, solar modules and cells, wind turbines), Metals & Minerals (mining), Renewables (solar, wind, pumped storage), Defence (ammunition), and Healthcare (Health Cities). KS Rao serves as Whole Time Director & CEO, with Gautam S Adani as Chairman of the parent Adani Group.

The company's core technical capabilities include HVDC-based long-distance power transmission deployed on the 1000 MW Mumbai–Kudus project, integration with the world's largest 30 GW hybrid renewable park at Khavda (26 GW solar, 4 GW wind), and an AI-first clinical model for healthcare facilities co-developed with Mayo Clinic in Mumbai and Ahmedabad. Notable project scale assets span a 1,160-hectare greenfield Navi Mumbai International Airport, 4 GW solar module and cell manufacturing capacity with planned expansion to 10 GW module / 11 GW cell, 450-set annual wind turbine production at Mundra, and a 500-acre defence ammunition complex in Kanpur. The proprietary PMC framework consolidates engineering management, supply chain, sourcing, quality, and safety under a unified delivery mechanism that the company describes as developer-led, EPC-grade, and operator-first.

AIIL operates a project-based professional services revenue model, billing through multi-year negotiated contracts rather than standardized pricing. Revenue is generated primarily through intra-group PMC mandates underwritten by Adani Group's ~₹2 trillion annual capex program, supplemented by external partnerships such as the ₹1.35 lakh crore Google AI data centre anchor in Visakhapatnam and the 594 km Ganga Expressway PPP with the Uttar Pradesh government. Reported revenue grew from ₹868 crore in FY24 to ₹6,413 crore in the first nine months of FY26, with EBITDA margins approaching 70%, supported by an orderbook exceeding ₹50,000 crore. The company has pursued an aggressive in-house consolidation strategy through the acquisitions of bankrupt Punj Lloyd Ltd (₹281 crore) and a 34.41% controlling stake in listed PSP Projects Ltd, alongside the Adani Group's IBC-led takeover of Jaiprakash Associates.

Name

Adani Infra

Legal name

Adani Infra (India) Ltd

Website

https://adaniinfra.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Adani Infra (India) Ltd is the in-house project management consultancy and EPC arm of the Adani Group, delivering large-scale infrastructure projects across energy, renewables, manufacturing, infrastructure, metals, defence, and healthcare sectors for Adani Group entities and select external clients.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services

NAICS

Engineering Services (541330), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Construction Machinery & Equip (3531), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• Project management consultancy
• Engineering procurement construction
• Infrastructure development services
• Renewable energy construction
• Power transmission projects

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Project Management Consultancy (PMC) Services: AIIL serves as PMC partner to Adani Group companies, providing end-to-end delivery governance, oversight, and project execution management for large-scale infrastructure projects across energy, infrastructure, manufacturing, metals & minerals, renewables, defence, and healthcare sectors.
2. EPC Services: Engineering, Procurement, and Construction services delivered through integrated teams offering complex infrastructure solutions, strategic sourcing, and construction management at scale.
3. Strategic Acquisitions and Asset Management: Acquisition and integration of infrastructure assets including bankrupt Punj Lloyd Ltd for ₹281 crore and controlling stake in PSP Projects Ltd, with plans to bring more EPC work in-house.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Adani Infra (India) Ltd operates as the dedicated in-house Project Management Consultancy (PMC) and Engineering, Procurement, and Construction (EPC) partner to Adani Group companies, delivering end-to-end infrastructure execution across seven verticals: Energy, Infrastructure, Manufacturing, Metals & Minerals, Renewables, Defence, and Healthcare. Its core offerings are integrated PMC services providing delivery governance and EPC services providing complex engineering, strategic sourcing, and construction management for large-scale capital projects such as 30 GW renewable parks, hyperscale AI data centres, defence manufacturing complexes, and integrated Health Cities.

Product overview

Adani Infra (India) Ltd (AIIL) is the infrastructure arm of the Adani Group, designated as the group's in-house project management and EPC consultancy. The company operates as a platform of project verticals spanning Energy (HVDC projects, thermal power, transmission), Infrastructure (airports, ports, logistics, data centers, roads), Manufacturing (cement, petrochemicals, solar modules/cells, wind turbines), Metals & Minerals (mining), Renewables (solar, wind, pumped storage), Defence (ammunition manufacturing), and Healthcare (AI-first Health Cities with Mayo Clinic). The core offerings are EPC (Engineering, Procurement, and Construction) and PMC (Project Management Consultancy) services, which support the execution of large-scale infrastructure projects across these diverse sectors. The company has amassed an orderbook exceeding ₹50,000 crore and serves as PMC partner to Adani Group companies.

Differentiator

Problem solved

Functional benefit

Products and services

• EPC (Engineering, Procurement, and Construction) Services Integrated EPC services offering end-to-end engineering, procurement, and construction solutions across complex infrastructure projects of varying scale and complexity, covering design, construction, and project management. Sold to enterprise clients within and beyond the Adani Group.
• PMC (Project Management Consultancy) Services Project management consultancy providing end-to-end delivery governance through structured, transparent, and performance-driven frameworks, covering design development, commissioning, and final handover. Sold as the company's core consultancy offering to enterprise infrastructure owners.
• Energy Infrastructure Projects Energy infrastructure development including HVDC technology projects, thermal power plants, power transmission, and gas distribution for enterprise and utility customers in India.
• Infrastructure Projects Large-scale infrastructure projects spanning airports, ports, logistics hubs, data centres, roads, metro, railways, waterways, and agri-logistics for enterprise and government customers.
• Manufacturing (Cement, Petrochemicals, Solar and Wind Components) Precision manufacturing capabilities including cement production, petrochemicals, 4 GW solar module and 4 GW cell manufacturing, and wind turbine manufacturing at Mundra with 450 sets annual capacity for industrial buyers.
• Metals & Minerals (Mining Operations) Large-scale sustainable mining operations including coal and iron ore extraction with a 48 MMTPA portfolio, contributing to India's resource security and reducing import dependencies.
• Renewables (Solar, Wind, and Pumped Storage Projects) Renewable energy development including the world's largest 30 GW Khavda hybrid project (26 GW solar, 4 GW wind), pumped storage projects totaling 10 GW planned by 2030, and over 14.5 GW operational renewable capacity.
• Defence Manufacturing (Ammunition Complex) India's largest ammunition complex spanning 500 acres in Kanpur, providing end-to-end capabilities for precision manufacturing of large and small caliber ammunition and missile integration for defence customers.
• Healthcare - Health Cities AI-first integrated Health Cities developed in collaboration with Mayo Clinic, featuring 1,000-bed multi-specialty hospitals, research institutes, medical colleges, and transitional care units in Mumbai and Ahmedabad for healthcare consumers and partners.

Quantifiable outcome

• Revenue growth from ₹868 crore in FY24 to ₹6,413 crore in first nine months of FY26
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor, core and flagship.

• Dalmia Bharat LtdminorChannel Partner/ Reseller/ Distributor · 21 May 2026Dalmia Cement (Bharat) Limited acquired cement plants from Jaiprakash Associates (now owned by Adani Group) for ₹2,850 crore through Business Transfer Agreement. Assets include plants in Madhya Pradesh and Uttar Pradesh with 5.2 MnTPA cement capacity and 99 MW thermal power capacity.
• Marine Electricals (India) LtdminorChannel Partner/ Reseller/ Distributor · 18 May 2026Marine Electricals secured ₹208.72 crore contract from Adani Infra for supply of power distribution system with 12-14 month delivery timeline. This is one of two orders received by Marine Electricals from various customers.
• Uttar Pradesh Expressways Industrial Development Authority (UPEIDA)coreStrategic or Co-development Partner · 29 April 2026Public-private partnership with UPEIDA for development of Ganga Expressway (594 km connecting Meerut to Prayagraj). Concessionaires IRB Infrastructure and Adani Infrastructure hold toll collection rights for 27 years under PPP model. State compensates for toll-free periods.
• Google (Raiden Infotech India)flagshipStrategic or Co-development Partner · 28 April 2026Google's subsidiary Raiden Infotech India partnered with Adani Infra to develop a 1 GW hyperscale AI data centre hub in Visakhapatnam, Andhra Pradesh. The ₹1.35 lakh crore project spans 601.4 acres across three locations (Tarluvada, Adavivaram, Rambilli) and is expected to be commissioned by July 2028. Adani Infra and AdaniConneX are authorized points of contact for land transactions and data centre infrastructure development.
• AdaniConneXcoreStrategic or Co-development Partner · 18 February 2026AdaniConneX designated as authorized contact alongside Adani Infra for finalizing land transactions and developing advanced data centre campuses for the Google AI data centre project in Visakhapatnam.
• Mayo CliniccoreStrategic or Co-development PartnerMayo Clinic collaboration for development of Health Cities in Mumbai and Ahmedabad, integrating 1,000-bed multi-specialty hospitals, research institutes, medical colleges, and transitional care units to create holistic, future-ready healthcare ecosystems.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Reliance Infrastructure: Diversified Indian infrastructure company with EPC, power, roads, and metro operations. Comparable in scope across energy and transport infrastructure verticals.
• Larsen & Toubro (L&T): India's largest EPC and construction conglomerate, spanning hydrocarbons, power, infrastructure, and defence. Directly comparable as a diversified EPC/PMC services provider serving both internal and third-party infrastructure projects.
• GMR Group: Infrastructure conglomerate operating airports, energy, highways, and urban infrastructure. Comparable for diversified infrastructure project execution, especially airports and energy.
• Tata Projects: EPC arm of the Tata Group delivering complex infrastructure across power, urban infrastructure, and industrial systems. Comparable as a group-affiliated EPC executing large-scale projects with similar delivery models.
• Afcons Infrastructure: EPC company specializing in marine, urban infrastructure, and hydro/transportation projects. Comparable in complex, large-scale infrastructure execution.
• Hindustan Construction Company (HCC): Long-standing Indian EPC player in hydropower, transportation, and urban infrastructure. Comparable for large-scale, complex infrastructure delivery.
• IRB Infrastructure Developers: Indian highway and toll-road developer/operator with PPP concessions including the Ganga Expressway (alongside Adani). Comparable in roads/expressway infrastructure development.
• Dilip Buildcon: Specialized EPC contractor for roads, highways, and urban infrastructure with a strong orderbook. Comparable in roads/expressway infrastructure and EPC delivery.
• NCC Limited (Nagarjuna Construction): Diversified Indian EPC contractor in buildings, roads, water, and electrical infrastructure. Comparable for multi-vertical EPC project execution.

Broad incumbents

• KEC International: RPG Group's EPC player in power transmission, distribution, and cables - directly comparable for HVDC and substation projects that Adani Infra also executes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/adanionline
• YouTubeyoutube.com/user/AdaniOnline
• Facebookfacebook.com/AdaniOnline
• LinkedInlinkedin.com/company/adani-infrastructure-management-services-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adani Infra