Mumbai/Bengaluru, Aug. 11 -- A promoter-owned company of the Adani Group that handles the conglomerate's infrastructure projects is reaping the benefits of its record capital expenditure, emerging as the biggest cash generator for billionaire Gautam Adani in just two years.

Adani Infra (India) Ltd (AIIL) is now using this new wealth to buy shares in listed group companies, building significant minority stakes in four of them over the past seven months, according to public disclosures by the companies.

Adani Infra made Rs.7,127 crore in profit in fiscal year 2026 (FY26), double of what it reported in the previous year and 80 times more than what it made in FY24, as per the company's filings of 24 July. Its revenue from operations for the...