Group financially strong, India GDP to add $1 trn every 12-18 months: Adani

Adani group is rapidly diversifying beyond ports and coal-based businesses into green energy, airports, cement, media, data centers and metals

Asia’s richest man Gautam Adani said credit metrics at his businesses are improving and a deeper understanding of his rapidly expanding conglomerate would allay any concerns around its borrowings.

“Greatly surprised by the conversations about our debt,” Adani said in an interview with local news channel India Today late Wednesday. “In the past nine years, our profit has been growing at twice the rate of our debt.” 

Asserting that the ports-to-power conglomerate is “financially very strong and secure,” the Indian billionaire said that the strong profit trajectory had helped pare the Debt-to-Ebitda ratio to 3.2 from 7.6 in the