Adani Group's total debt hits Rs 2.22 trillion

The Adani group continues to use debt financing to grow its existing businesses and enter new industries. The combined gross debt of the group companies reached a new high of Rs 2.22 trillion at the end of March this year, up 42 per cent from Rs 1.57 trillion a year ago, according to data from Capitaline. The group's gross debt-to- equity ratio was at a four-year high of 2.36 at the end of March, up from 2.02 a year ago and at the end of FY 19 a low of 1.98. The group's net debt-to- equity Business Standard has always strived to provide up-to-date information and commentary on developments that are of interest to the country and the world and have wider political and economic implications for the country and the world, as well as for cash and bank balance available with various group companies. Your encouragement and constant feedback on how to improve our offering has made our resolve and commitment stronger. Even during these difficult times arising out of Covid-19, we remain committed to keeping you informed and informed with credible news, authoritative views and incisive commentary on topical issues of relevance.

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