Embattled Adani Group is looking at a 20 per cent growth in earnings across businesses spanning from seaports to airports, edible oil and commodities, energy, cement and data centres, to repay about $23 billion of debt over the next 3-4 years in a comeback strategy, sources said.
Adani group executives have met bankers, bondholders, analysts and investors from Singapore to the US in the last three weeks to address stakeholders’ concerns in the aftermath of a damning US short-seller report that ripped off $135 billion in the market value of listed companies of the conglomerate.
Sources aware of the development said Adani at these roadshows presented the growth story of the sprawling conglomerate that is refocusing its energies on higher efficiency in business and bringing down debt rather than breakneck speed expansion.
