Adani Portfolio Achieves Record Growth
Key Highlights:
Adani Power: Contributed the most to EBITDA with INR 28,111 crore, up 96% year-on-year. Adani Green Energy: Achieved a 76% growth in EBITDA, crossing INR 8,325 crore. Cement Business: Notable performance with EBITDA more than doubling year-on-year. Sectors Driving Growth:
Energy & Utilities: Adani Green Energy's operational renewable capacity increased to 9,029 MW. The Khavda renewable energy park is a significant milestone, expected to be the world's largest RE park. Transport: Adani Ports & SEZ saw domestic cargo volumes surpassing 200 MMT, leading to robust growth. Infrastructure: Adani Enterprises' green hydrogen and data centre initiatives show strong progress. Strategic Initiatives: Adani Portfolio maintains high liquidity with a cash balance of INR 44,572 crore. The portfolio's conservative leveraging, with a net debt to EBITDA ratio of 2.5x, supports sustainable growth and investment.
Future Prospects: With upgraded ratings from agencies like S&P Global and Moody?s, Adani Portfolio is well-positioned for continued market access and substantial investments. Its commitment to sustainability and nation-building principles underscores its growth strategy.