Adani’s projected EBITDA of more than Rs 90,000 crore is expected by FY23, according to a company note. Adani Group has set a target of achieving Rs 90,000 crore EBITDA in the next 2-3 years. This would be a significant jump from the group’s current EBITDA of around Rs 50,000 crore. The Adani Group is […]
Adani Group posts 36 per cent jump in earnings at Rs 57,219 cr in 2022-23 – EQ Mag
‘Adani Portfolio companies operate in utility and infrastructure businesses with more than 83% of EBITDA being generated from core infrastructure businesses providing assured and consistent cash flow generation,’ says the conglomerate Gautam Adani-led Adani Group on Tuesday said it has delivered a “record-breaking performance” across its portfolio of companies in FY23 The ports-to-power conglomerate said […]
Adani Group repays loans worth $2.65 billion to complete prepayment programme – EQ Mag
New Delhi : Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has […]
India’s Adani Group weighs $3 billion investment in Vietnam – EQ Mag
India’s Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer […]
Adani group aims to raise about $800 million for financing green energy projects – EQ Mag
Nearly a month after the report was published, Adani Group lost almosty two-thirds of its combined market value. New Delhi : Billionaire Gautam Adani-led Adani Group is aiming to raise about $800 million for new green energy projects, Bloomberg reported quoting people familiar with the matter. This, if true, could be Adani Group’s biggest borrowing […]
Adani Group prepays $2.15 billion share-backed financing, $500 million bridge loan for Ambuja acquisition – EQ Mag
The quick completion of the entire prepayment program of USD 2.65 billion within six weeks is Adani’s way to reassure investors of the strong liquidity management and access to capital at the sponsor level. Adani Group has announced that it has completed the full prepayment of margin-linked share-backed financing, amounting to USD 2.15 billion, ahead […]
Adani to set up cement plants, data centre in Andhra Pradesh – EQ Mag
Adani group will set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh as it looks to double down on its presence in the state, Karan Adani, founder family’s scion, said on Friday. The apples-to-airport group plans to double the capacity of the two seaports […]
Adani Group to hold fixed-income road shows in London, Dubai, ‘several’ US cities: Report – EQ Mag
Adani Group Chief Financial Officer Jugeshinder Singh is likely to attend the road shows, which will run between March 7 to March 15 Adani Group will hold fixed-income road shows this month in London, Dubai, and several cities in the United States, according to a document seen by Reuters, as the conglomerate tries to boost […]
Sri Lanka reviews progress of Adani group wind power projects, says Energy Minister
Sri Lankan Energy Minister Kanchana Wijesekara said on Wednesday that the progress on the renewable energy project to generate 500 MW was discussed with the Adani Green Energy officials. In August last, the Adani Group was issued approval to start wind power projects in Pooneryn, in the country’s northeast. Adani Green Energy was issued provisional […]
Ahead of maturity in Sep 2024, Adani Group to pre-pay $1.1 billion – EQ Mag
Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024 These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. “This is in continuation of promoters’ assurance […]