Have enough cash to service debt, says Adani Group
The Morning Standard|November 26, 2024
Amid brewing troubles after the US Department of Justice (DoJ) indictment in a bribery case, the Adani Group has reassured investors that all its listed companies have sufficient liquidity to cover all debt servicing requirements for at least the next 12 months.

In a credit update note released on Monday, the group said that cash balance at portfolio level was at ₹53,024 crore, which is 20.53% of its gross debt. "This amount is sufficient to cover the next 28 months of debt servicing requirements," Adani Group said in a media statement.

Total gross debt of the company at the end of September 30, 2024 was ₹2.4 lakh crore. The average maturity of the debt of all its listed companies is 7.5 years.

Bu hikaye The Morning Standard dergisinin November 26, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Morning Standard dergisinin November 26, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE MORNING STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
NEW SOUNDS IN THE HAVELI
The Morning Standard

NEW SOUNDS IN THE HAVELI

Indo-French experimental duo Pen Pal talks about their musical journey and the Delhi gig at the first edition of Music In The Haveli’, to be held today

time-read
3 dak  |
January 04, 2025
The Morning Standard

CAR SALES REFLECT NEED FOR DEMAND BOOSTERS IN BUDGET

CAR sales, a key indicator of overall economic demand, presented a mixed bag during calendar year 2024.

time-read
1 min  |
January 04, 2025
The Morning Standard

CRUCIAL INTERVENTION FOR CRITICAL MINERALS

AFTER making a string of well-thought policy moves to increase the mining and processing of critical minerals over the last few years, the government recently found it needs to do more.

time-read
1 min  |
January 04, 2025
'THAT WAS THE BIGGEST SHOCK OF MY LIFE'
The Morning Standard

'THAT WAS THE BIGGEST SHOCK OF MY LIFE'

Legendary cricketer Syed Kirmani's autobiography, Stumped: Life Behind and Beyond the Twenty-Two Yards, which released recently, candidly traces his life from boyhood to winning the 1983 World Cup, and life after his exit from cricket

time-read
2 dak  |
January 04, 2025
Viola Davis' G20 Gets Premiere Date
The Morning Standard

Viola Davis' G20 Gets Premiere Date

In three months, audiences can witness Viola Davis portraying the US President as Prime Video has set the release date for an upcoming thriller, G20.

time-read
1 min  |
January 04, 2025
Edged & gone again: Kohli's horror run
The Morning Standard

Edged & gone again: Kohli's horror run

IT could well have happened on the very first delivery he faced.

time-read
4 dak  |
January 04, 2025
Pant slows down & with his trademark impact
The Morning Standard

Pant slows down & with his trademark impact

Curbing instincts, batter prolonged stay at the crease but runs dried up

time-read
3 dak  |
January 04, 2025
Nair in record books, easy win for Tamil Nadu
The Morning Standard

Nair in record books, easy win for Tamil Nadu

KARUN Nair bettered the world record for scoring most List A runs without being dismissed as Vidarbha beat Uttar Pradesh, while Shreyas Iyer's 137 powered Mumbai to a massive 163-run win over Puducherry in their respective Vijay Hazare Trophy matches on Friday.

time-read
1 min  |
January 04, 2025
The Morning Standard

NorthEast United held by Mohammedan in ISL

NORTHEAST United FC were held to a goalless draw by Mohammedan SC in the Indian Super League in Guwahati on Friday.

time-read
1 min  |
January 04, 2025
Deepali Delighted With 'Very Special' Recognition
The Morning Standard

Deepali Delighted With 'Very Special' Recognition

AWAY from prying eyes, Deepali Desphande has had quite a sojourn in the last decade or so.

time-read
2 dak  |
January 04, 2025