Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Enough cash to service debt: Adanis
The New Indian Express Kalaburagi
|February 21, 2025
THE port-to-power conglomerate Adani Group said on Thursday its business achieved record pre-tax profits in the 12 months ending December 2024 and that they have enough cash to service debt obligations.
Adani Group said its cash balances exceed long-term debt repayments for the next 28 months and its portfolio-level cash balances were at ₹53,024 crore.
"Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 12 months," said the Ahmedabad-based group in a statement.
The cash balance as of September 30, 2024, compared with the ₹59,791 crore balance generated in the full 2023-24 financial year (April 2023 to March 2024 or FY24 fiscal). Cash balance represents 20.5% of gross debt.
This story is from the February 21, 2025 edition of The New Indian Express Kalaburagi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Kalaburagi
The New Indian Express Kalaburagi
JLR to resume production following cyber attack
TATA MOTORS’ British subsidiary Jaguar Land Rover (JLR) on Monday said it will partially resume manufacturing operations in the coming days after being hit by a cyber attack that brought its production to a complete halt earlier this month.
1 min
September 30, 2025
The New Indian Express Kalaburagi
Italian PM’s ‘Mann ki Baat’ with Modi foreword
THE Indian edition of Italian Prime Minister Giorgia Meloni’s autobiography, “I Am Giorgia: My Roots, My Principles”, with a foreword by Prime Minister Narendra Modi, is set for release in bookstores across India between October 5 and 7.
2 mins
September 30, 2025
The New Indian Express Kalaburagi
3-yr age relaxation for govt recruitment
THE state government on Monday issued an order granting a onetime relaxation of three years in age limit for candidates belonging to all categories in all state government recruitment, till December 31, 2027.
1 min
September 30, 2025
The New Indian Express Kalaburagi
After Men's Asia Cup, will drama spill over to Women's WC?
THE Asia Cup, perhaps, ended in the most apt manner possible. After three weeks of back and forth, multiple handshakegates, geopolitical intrigue, ugly verbals, and press conference point scoring, the post-tournament ceremony finished in farcical circumstances. India refused to take the trophy from the Asian Cricket Council chair Mohsin Naqvi (also Pakistan's interior minister), Naqvi refused to cede ground and India celebrated with an imaginary one to end the night.
1 min
September 30, 2025
The New Indian Express Kalaburagi
Naxal leadership dwindling, says govt
A day after Union Minister Amit Shah’s no to ‘ceasefire’ offer by Naxalites, a dossier prepared by the security and intelligence agencies revealed that after a series of arrests, surrenders and encounters, the top leadership of the Left Wing Extremists has now been dwindling, with only 13 people left in its apex body - four members of the Politburo and nine members of the Central Committee.
2 mins
September 30, 2025
The New Indian Express Kalaburagi
Brain drain likely to drop as H-1B fee hike may stop students going abroad
THE US administration’s recent move to levy a onetime H-1B visa fee of %88 lakh, is set to have a crippling impact on Indian students going to the US for higher education as the job market could dry up for them.
2 mins
September 30, 2025
The New Indian Express Kalaburagi
CM to carry out aerial survey of flood-hit North Karnataka today
CHIEF Minister Siddaramaiah will conduct an aerial survey of flood-affected places in North Karnataka, including Kalaburagi, Raichur, Yadgir and Bidar districts, on Tuesday.
1 min
September 30, 2025
The New Indian Express Kalaburagi
Goyal says UP now unstoppable as investment destination, praises Yogi
THE third edition of the Uttar Pradesh International Trade Show (UPITS-2025) concluded on Monday with Union Commerce and Industry Minister Piyush Goyal calling it a showcase of India’s economic and cultural strength.
1 min
September 30, 2025
The New Indian Express Kalaburagi
SUPPORT DIALOGUE, NOT DOGMA
DISCUSSIONS about Indian knowledge systems (IKS) resurfaced after the University Grants Commission released its draft Learning Outcome-based Curriculum Framework, which aims to embed 'ancient Indian wisdom' across subjects.
3 mins
September 30, 2025
The New Indian Express Kalaburagi
Bad road claims life of 22-yr-old girl in B'luru
BAD roads in Bengaluru claimed the life of a 22-year-old girl student on Monday.
1 min
September 30, 2025
Listen
Translate
Change font size