Categories: BUSINESS

Debt roadmap: Adani Group pegs 2030 debt goal at Rs 1 lakh cr; says growth plan won’t hinge on capital raising

The Adani Group aims to reduce its consolidated debt to Rs 1 lakh crore by 2030, focusing on minimizing reliance on fresh capital for its expansion. The conglomerate plans to invest Rs 1.5 lakh crore annually in new assets over the next six years. The group also expressed interest in acquiring distressed Sahara Group assets, provided legal hurdles are resolved.
Sumitra

Recent Posts

Dialling back time: Why US kids are ditching smartphones for a $100 landline

A new landline-style device called the Tin Can is gaining popularity as families and schools…

20 hours ago

India’s wheat outlook: Production stable despite challenges, says government

India's agriculture ministry anticipates stable wheat production for the 2025-26 crop year, despite localized weather…

20 hours ago

Drill, sanction, control: Inside the oil economics driving Trump 2.0

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding…

2 days ago

RBL Bank net profit up 234% at Rs 230 crore

RBL Bank's net profit surged by a remarkable 234% to Rs 230 crore in the…

2 days ago

Intel bags big gains! Chipmaker’s shares jump 26% on blockbuster results; how Trump admin benefits

Intel's share price surged dramatically after exceeding first-quarter expectations, driven by strong demand in its…

3 days ago