Adani group companies rises by 13.7% in cash reserve to ₹45,895 crore in the first half of current fiscal

Adani group companies have reported a 13.7 per cent rise in cash reserve to ₹45,895 crore in the first half of the current fiscal as earnings across the business rose while debt was almost unchanged. In the half-year credit performance report, Adani said while EBITDA rose to ₹71,253 crore in April-September this fiscal from ₹57,219 crore a year back, gross assets increased 6 per cent to about ₹4.5 lakh crore. Gross debt was almost unchanged at ₹2.26 lakh crore, but after considering cash reserves, the net debt at ₹1.80 lakh crore was 3.6 per cent less than ₹1.87 lakh crore in April-September 2022.