Adani’s Debt Is Lowest In 5 Years, Going To Make Big Investment Here

Ashish Kumar Mishra
3 Min Read
Gautam Adani Group

Gautam Adani-led Adani Group has rapidly reduced its debt in recent times. The financial health of Adani Group has improved due to the increase in loan repayments, and now, the Group’s level of debt has become the lowest in five years. Meanwhile, the Group has announced it will make huge investments in Madhya Pradesh.

- Advertisement -

EBITDA Increased By 60 Percent In A Year

According to a report by NDTV Profit, Adani Group’s financial position in terms of credit profile is the best in the last five years. There is no risk for the Group regarding refinancing shortly. Quoting the investor presentation in the report, it has been said that the Group’s EBITDA has increased by 60 per cent to Rs 19,475 crore in the third quarter of the current financial year ending December 31.

Now Adani Has So Much Debt

NDTV is a part of the Adani Group. In the report, regarding the debt figures, he said that the net debt of Adani Group has decreased by 3.5 per cent in the last six months. Now, the net debt figure of Adani Group has come down to Rs 1,78,350 crore. This is the lowest in the last 5 years. At the same time, the cash balance has improved by about 9 per cent to Rs 43,952 crore during the first 9 months of the current financial year.

Preparation To Invest This Much Further

Meanwhile, Adani Group has announced that it will invest up to Rs 75 thousand crore in Madhya Pradesh. Adani Group announced this during the Regional Industry Conclave in Ujjain on Friday. The Group said that its investment will be in various sectors, creating more than 15 thousand direct and indirect employment opportunities in the state.

So Far, The Group Has Invested So Much

Pranab Adani, Director of Adani Enterprises, the flagship company of Adani Group, said on this occasion that his Group is seeing a lot of growth potential in Madhya Pradesh, to take advantage of which the Group will make big-ticket investments. He said that Adani Group has invested Rs 18 thousand crore in Madhya Pradesh, creating more than 11 thousand employment opportunities.

Share This Article
By Ashish Kumar Mishra Founder, CEO, and Editor-in-Chief
Ashish is the founder, CEO, and editor-in-chief of our organisation. He has a strong background in journalism and is responsible for setting our organisation's overall direction and strategy and overseeing all editorial operations.