Adani portfolio delivers 45% EBITDA growth in FY23-24

03 Jun 2024 CW Team

Adani Group's portfolio showcased remarkable growth in FY23-24, with a staggering 45% increase in pre-tax profit (EBITDA), reaching Rs 829.17 billion, as reported by the conglomerate. Despite facing challenges such as market volatility and external pressures, the group focused on strategic measures like debt containment, reducing founder share pledge, and consolidating core competencies. This resulted in a robust compound annual growth rate (CAGR) of 54% for profit growth over the past five years. A significant portion of the EBITDA, amounting to 84%, stemmed from 'core infrastructure' businesses, ensuring consistent cash flows. The disciplined investment strategy led to a 51% year-on-year growth in cash profit or funds flow from operations (FFO), totaling Rs 568.28 billion. With a resilient asset base valued at Rs 4.78 trillion and serving a consumer base of 350 million users, the Adani portfolio demonstrated strength and stability. The group's exceptional capital allocation strategy, coupled with efficient deployment of capital, enabled impressive growth in gross assets and EBITDA while maintaining conservative leverage. The group's companies witnessed record EBITDA growth in FY24, paving the way for accelerated growth investments. The increasing consumer user base across various sectors further solidifies the group's position, with rising cash flows contributing to lower net leverage and enhancing credit profiles. Adani Enterprises, Adani Ports, Adani Power, Adani Green Energy, and Adani Energy Solutions spearheaded various projects, boosting the group's presence in solar power generation, renewable energy capacity, and infrastructure development. With a robust balance sheet and high liquidity, the Adani portfolio is well-equipped to capitalise on future growth opportunities, positioning itself for continued success in the coming years. (Source: ET Infra)

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..