Adani Portfolio Achieves Record Growth
ECONOMY & POLICY

Adani Portfolio Achieves Record Growth

Adani Portfolio has reported a substantial 45% year-on-year increase in EBITDA for FY24, reaching over INR 82,000 crore. This growth is driven by strong performances across its diversified sectors, including renewable energy, infrastructure, and transport.

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.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Adani Portfolio has reported a substantial 45% year-on-year increase in EBITDA for FY24, reaching over INR 82,000 crore. This growth is driven by strong performances across its diversified sectors, including renewable energy, infrastructure, and transport. 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.

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