Adani flaunts robust earnings & low debt, says best is yet to come

He said the group raised Rs 40,000 crore to cover for debt repayments of the next two years, pre-paid Rs 17.500 crore of margin-linked financing

Billionaire Gautam Adani on Monday cited record earnings, robust cash positions and the lowest debt ratios to state that his ports-to-energy conglomerate was stronger than ever and its best is yet to come.

With India marching towards becoming a $10 trillion economy by 2032 and infrastructure expected to grow at 20-25 per cent to reach $2.5 trillion, Adani group being an infrastructure company “at the very core”, is “well positioned to capitalise on the upcoming opportunities”, he said.

Speaking at the annual shareholders meeting of his group’s flagship firm, Adani Enterprises Ltd, India’s second richest person reflected upon the unprecedented crisis his conglomerate faced last year following a damning report by a US short seller.