Adani Group touts improved cash reserves to service debts

The Adani Group has stated that the cash and profit generated from its infrastructure business will be sufficient to cover all debt maturing in the next decade. The conglomerate, founded by Gautam Adani, reported cash flow of Rs 77,890 crore ($9.4 billion) as of March-end, providing enough liquidity to cover its debt due this financial year. The group's total debt stood at Rs 2.3 lakh crore, with nearly 60% from banks and the rest from bonds. Adani aims to showcase its improved financial position following a damaging short seller attack earlier this year.

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