New Delhi: Billionaire Gautam Adani’s conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt. In the past six months, the group invested close to Rs 75,227 crore against a total debt increase of only Rs 16,882 crore. Gross assets or investments increased by Rs 75,227 crore against a total debt increase of only Rs 16,882 crore. Average cost of borrowing is at 8.2 per cent, the lowest in five years, due to upgrades in ratings across group companies, it said. Borrowings from global banks is 27 per cent of total debt.

Source: News 24 November 25, 2024 12:15 UTC