The portfolio of Adani Group companies holds healthy cash reserves with the growth "independent of global and regional headwinds," the conglomerate said in its half yearly credit report assuring investors of its stability.
Adani Group companies' total cash reserves stood at Rs 53,204 crore at the end of September end, more than 20% of its borrowing, according to its latest investor presentation, indicating lower credit risk for the ports-to-power conglomerate.
The group has more than 60% of its equity deployed in assets with well-distributed sources of funds providing stability and lesser risks.