ADANI HIGHLIGHTS GROWTH WITHOUT EXTERNAL DEBT

Gautam Adani's conglomerate released the financial and credit credentials of its portfolio companies to the investors, a robust reflection of healthy profits and cash flows that can sustain growth without dependence on external debt.

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The ports-to-energy conglomerate, which has been marred by an indictment in a US court against the founder chairman Adani and two other executives on charges of bribing Indian officials to get solar power contracts, in a presentation to investors presented its consistently expanding profits and cash flows, which, over a period, had led to lowering dependence on debt for its growth ambitions.

It now creates close to two-thirds of the overall assets, as opposed to five years ago. The group in the last six months invested close to Rs 75,227 crores against a total debt increase of merely Rs 16,882 crores. A note was also shared with the investors, along with the presentation.