Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a US bribery indictment against the founder.
The ports-to-energy conglomerate, whose chairman Adani and two other executives have been indicted in a US court for allegedly bribing Indian officials to secure solar power contracts, in a presentation to investors highlighted cash balances of Rs 55,024 crore exceeding long-term debt repayments for the next 28 months. Equity now accounts for almost two-thirds of its total asset creation, a stark contrast to five years ago. In the past six months, the group invested close to Rs 75,227 crore against a total debt increase of only Rs 16,882 crore.
Denne historien er fra New Delhi 26November2024-utgaven av Millennium Post Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra New Delhi 26November2024-utgaven av Millennium Post Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Saqib recalls 'awkward' kiss with Randeep for Karan Johar's film
They played queer characters in the short of 'Bombay Talkies', directed by Karan Johar
Barry to portray Ringo Starr in Sam Mendes' Beatles film
British star Barry Keoghan will be essaying the role of Ringo Starr in filmmaker Sam Mendes' upcoming film, the \"Beatles\" drummer confirmed.
James sheds light on why 'movies are suffering'
Gunn shed light on the current status of the 'DC Universe'
Manoj Bajpayee talks about 'Despatch'
National Award-winning actor Manoj Bajpayee talked about working with filmmaker Kanu Behl, known for making movies such as 'Titli' and also about his film 'Despatch', which was played at the International Film Festival of India (IFFI) in Goa.
Mallika Sherawat gets candid about ageism in Bollywood
Mallika Sherawat, who gained prominence in the early 2000s with films like 'Murder' and 'Kis Kis Ki Kismat', has been taking on more projects recently. In a candid interaction, she opened up about ageism in the film industry and spoke about her decision to avoid plastic surgery.
Saw innocence of his mother in him
SHOOJIT SIRCAR ON ABHISHEK BACHCHAN
Grand Slam champion Iga Swiatek accepts one-month suspension
LONDON: Five-time Grand Slam champion Iga Swiatek accepted a one-month suspension after testing positive for the banned substance trimetazidine, a heart medication known as TMZ, the International Tennis Integrity Agency announced Thursday.
Sindhu survives scare before entering QFs, Sen also in last-8
SYED MODI INTERNATIONAL
Boris Singh's first half strike hands FC Goa 1-0 win over Kerala Blasters
It was a cagey affair between the two teams, as neither was allowing an inch to the other
Competition Commission to probe Google for unfair biz ways on listing of real money gaming apps on Play Store
CCI has ordered detailed probe after finding that Google has violated Section 4 of Competition Act
