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.
Bu hikaye Millennium Post Delhi dergisinin New Delhi 26November2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Millennium Post Delhi dergisinin New Delhi 26November2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
'I like to take backseat and do films without pressure'
Taapsee recalled opting for Rajkumar Hirani's 2023 directorial 'Dunki'
PRASAR BHARATI, RAILTEL and PlayboxTV launch Freedom Plan
Customers will be able to access a new collection of 'Family Entertainment'
Important to dabble in different genres
Ranbir Kapoor celebrated the 100th birth anniversary of Raj Kapoor
2nd Speaking Art Fest goes on with great ENTHUSIASM!
It has been organised by the \"Speaking Art Foundation\" (SAF)
Pacer leads team to biggest Test win in Australia
INDIA BLOOMS UNDER BUMRAH
Captain hails Harshit Rana and Nitish Reddy for fearless attitude
Skipper Jasprit Bumrah was highly impressed by the fearless attitude and maturity of Harshit Rana and Nitish Kumar Reddy, saying he never got the feeling that the two youngsters were playing in Australia for the first time.
Vaibhav Suryavanshi becomes youngest IPL player at 13
Bhuvneshwar has 300 wickets from 287 career T20 games
Five Adani cos settle lower; Adani Green tanks 8%
Shares of five Adani group firms ended lower on Monday, with Adani Green Energy tumbling 8 per cent.
BIS working to develop standards for 214 critical medical devices
The Bureau of Indian Standards (BIS) on Monday said it is prioritising development of standards for 214 critical medical devices, which are set for phased completion by December 2025.
Adani touts financial muscle, says can grow without external debt
In a presentation to investors it highlighted cash balances of Rs 55,024 crore exceeding long-term debt repayments for next 28 months
