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Adani Green's 2,021% debt-equity ratio is second-worst in Asia: Report

The Gujarat-based company's debt-to-equity ratio is only behind China's Datang Huayin Electric Power Co., which has a ratio of 2,452%, among 892 listed companies in Asia, according to Bloomberg data

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Adani Green Energy

Bloomberg 



Adani group, adani enterprises

Ltd., one of the seven listed units of Gautam Adani’s ports-to-renewables empire, has seen its debt-to-equity ratio balloon to the second-highest in Asia, raising alarm over whether the billionaire’s aggressive expansion plans has over-leveraged his businesses.

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First Published: Wed, August 24 2022. 17:02 IST

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