Adani group’s combined borrowings jumped 40.5 per cent to about Rs 2.21 lakh crore in the financial year 2021-22. It had stood at Rs 1.57 lakh crore in the previous financial year.
Among the group companies, the highest increase in debt was recorded in its flagship entity Adani Enterprises, which witnessed a jump of 155 per cent year-on-year to Rs 41,024 crore in 2021-22.
Adani Power’s borrowing during the financial year 2021-22 stood at Rs 48,796 crore, a fall of 6.9 per cent as compared with Rs 52,411 crore a year ago.
Adani Wilmar witnessed a drop of 12.9 per cent in its borrowing to Rs 2,568 crore in 2021-22, against Rs 2,950 crore in the previous financial year, according to the data.
Adani Green Energy’s borrowing during the financial year increased 118.6 per cent to Rs 52,188 crore, compared with Rs 23,874 crore in 2020-21.
Adani Transmission saw an increase of 10.6 % to Rs 29,815 crore as compared with Rs 26,961 crore in the previous year, whereas Adani Total Gas’ borrowing jumped 103.9% to Rs 995 crore in 2021-22.
Gautam Adani has been on a diversification spree in the past few months. It recently bagged ACC and Ambuja Cement from Holcim for $10.5 billion (about Rs 80,800 crore).
What Made Adani the Most Richest