Key Points
Adani Group's cash pile has improved and the conglomerate sees no refinancing risks in the near term as it took more steps to shore up its finances after the Hindenburg bombshell last year...
Growing at 35.5 per cent, it generated Rs 66,208 crore (USD 8 billion) - 84 per cent of portfolio EBITDA," it said in a statement..
On electricity transmission side, Adani Energy Solutions Ltd has operationalised the critical Khargar Vikhroli transmission line to connect Mumbai to the national grid, taking total network to 20,422 circuit kilometers..
City gas distributor Adani Total Gas Ltd increased pipeline network to 11,712-inch km, piped natural gas connections to 7.79 lakh and EV charging stations to 329...
Led by billionaire Gautam Adani, the group had seen its net debt drop by 3.5% to $21.72 billion in the six months through September alongside a fresh equity raise of close to $5 billion...
You might be interested in
Adani Group completes $2.65 billion deleveraging program; cash balance at over $4.75 bln
05, Jun, 23The net debt to EBITDA ratio is now at 2.81 times, the group said in a credit update.
Adani Group's blueprint for zero refinance or systemic risk by 2025
13, Aug, 23The current free cash flow and cash in the bank are around Rs 77,889 crore for 2022-23. The current gross debt is around Rs 2.27 lakh crore against an asset base of Rs 4.22 lakh crore. In terms of leverage, the net debt to EBITDA ratio has gone down from 3.8x in 2021-22 to 3.3x in 2022-23.
Adani eyes Rs 90,000 cr EBITDA in 2-3 years
25, Jun, 23Adani's projected EBITDA of more than Rs 90,000 crore is expected by FY23, according to a company note.
Adani Group repays $2.65 billion in loans, continues to work towards winning back investor trust
06, Jun, 23“The Group has made a full prepayment of margin linked share backed financing totalling $2.15 billion before 12 March, well in advance of the 31st March 2023 timeline."
Billionaire Adani Group’s refinancing risks ebb on earnings lift
01, Mar, 24The groups Ebitda, or earnings before interest, tax, depreciation and amortization rose more than 60% to 194.75 billion rupees ($2.3 billion) in the third quarter ended Dec. 31 with a bulk of that coming from the transport, infrastructure and energy units of the conglomerate. The group reported an Ebitda of $9.5 billion for the nine months to Dec. 31.
Adani group firm repays Rs 1,500 crore in comeback strategy
20, Feb, 23Adani group firm Adani Ports & SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research.
Adani Group completes $2.65-bn deleveraging programme, sees improvement in debt metrics in FY23
06, Jun, 23Cash balance at listed portfolio is now higher by 41.5% at Rs 40,351 crore; the portfolio's combined net debt to EBITDA ratio has decreased from 3.81 in FY22 to 3.27 in FY23, says Adani Group
Adani Ports to prepay Rs 1,000 crore in March, shares rise
21, Feb, 23Several Adani Group companies have been prepaying debt obligations in order to soothe its investors and shareholders in the wake of the scathing report by US short seller Hindenburg Research.
Adani group repays $2.15 billion loan due before March 31, prepays Ambuja Cements debt
12, Mar, 23The announcement comes within days of the group saying it has pre-paid ₹7,374 crore loans that were taken pledging shares in four group companies
Stock rally brings Gautam Adani back among world's 20 richest billionaires
29, Nov, 23Adani is now at the 19th spot in the Bloomberg Billionaires Index. His total net worth has seen a $6.5 billion uptick as last reported by Bloomberg. The Ahmedabad-based businessman's total net worth is still down by $53.8 billion on the year-to-date basis.