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Adani group firms' gross debt rises to Rs 2.2 trillion, shows data

This makes the Adani group one of the most indebted among India's top business groups

Adani Group | Adani Wilmar | Ambuja Cement

Krishna Kant  |  Mumbai 

Gautam Adani
Gautam Adani (Photo: Bloomberg)

The continues to use debt financing to grow its existing businesses and enter new industries. The combined gross debt of the group 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. As a result, 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 a low of 1.98 at the end of FY19.



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First Published: Tue, May 17 2022. 06:03 IST