The Adani Group, led by Gautam Adani, reported a significant increase in its gross debt, which reached Rs 2.41 lakh crore as of March 31, 2024, up from Rs 2.27 lakh crore in FY23. 

However, the group’s net debt saw a slight decline, standing at Rs 1.82 lakh crore in FY24, down from Rs 1.87 lakh crore the previous year. The conglomerate’s net debt to EBITDA ratio, an important measure of its ability to service its debt, also improved, dropping to 2.19x in FY24.

How Much Is The Domestic Lending to Adani Group ?

As of FY24, domestic lenders, including banks and other financial institutions, had collectively lent over Rs 88,100 crore to the Adani Group in long-term and working capital loans. 

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