By Express News ServiceCHENNAI: Adani Group on Wednesday said the company has lowered its net debt by 3.6% and raised cash reserves by 13.7% in the past six months. The group’s debt coverage ratio improved to 2.12x against 2.02x and gross assets to net debt rose to 2.5x against 2.3x. The group said it has lowered the net debt while delivering EBITDA growth of 47%. The group’s debt coverage ratio improved to 2.12x against 2.02x and gross assets to net debt rose to 2.5x against 2.3x. The group said it has lowered the net debt while delivering EBITDA growth of 47%.

Source: Indian Express December 14, 2023 09:24 UTC