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 Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..