AdaniConneX Acquires Strategic Land Asset for ₹765 Crore to Accelerate Infrastructure Expansion

Adani Enterprises’ ($ADANIENT) joint venture, AdaniConneX (ACX), has acquired a 100% stake in Madhuvanti Build Estate Ltd (MBEL) for a cash consideration of ₹765.25 crore. Although MBEL has not yet commenced commercial operations and reported nil turnover, the company owns a sizeable land parcel along with key licenses required for infrastructure development, providing AdaniConneX with a ready platform for future expansion. Incorporated in Ahmedabad, Gujarat, on November 11, 2019, MBEL has an authorised and paid-up share capital of ₹10,000 each, and the acquisition has been completed without requiring any regulatory approvals. On the financial front, Adani Enterprises reported a net loss of ₹220.7 crore in Q4 FY26 compared to a profit of ₹3,844.9 crore in the same period last year, while revenue grew 20.3% year-on-year to ₹32,439.3 crore from ₹26,965.9 crore. EBITDA increased marginally by 0.6% to ₹3,731 crore, although EBITDA margin narrowed to 11.5% from 13.8%. For FY26, total income rose 3% to ₹1,02,943 crore, while EBITDA remained stable at ₹16,464 crore. The company reported profit before tax of ₹4,309 crore, excluding an exceptional gain of ₹9,215 crore from the sale of its AWL stake and cement units to Ambuja Cements. Notably, core infrastructure, incubating businesses and mining services contributed around 80% of the company’s annual EBITDA, highlighting the growing importance of these segments in Adani Enterprises’ business portfolio. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.