Adani group has claimed to be in a "comfortable liquidity" position, reporting cash balances of ₹53,024 crore, constituting 20.53 per cent of the entity's gross debt of ₹2,58,276 crore as of September 30, 2024.
In a credit update for the first half (H1) of 2024-25 (FY25), the group said its existing cash balances provide liquidity cover for about 28 months of debt servicing.
The port-to-energy conglomerate said that its annual debt maturities for each year until 2033-34 are lower than its current operating cash flow as of September 2024, suggesting that it can meet its debt obligations through operational cash generation.
This story is from the November 26, 2024 edition of Business Standard.
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This story is from the November 26, 2024 edition of Business Standard.
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