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Gautam Adani s Group Says Not Overleveraged, Loans From Public Sector Banks Have Halved

Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged.

Debt - Adani group says not overleaveraged, loans from public sector banks halved

Group had a gross debt of Rs 1.88 lakh crore in March 2022 and net debt of Rs 1.61 lakh crore after considering the cash balance.

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