Adani touts financial muscle, says can grow without external debt
The Free Press Journal|November 26, 2024
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.
Adani touts financial muscle, says can grow without external debt

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.

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