Adani Group touts improved cash reserves to service debts

The Adani Group, an Indian conglomerate, has stated that the cash and profit generated from its infrastructure business can cover all its debt maturing each year for the next decade. The group's cash flow and balances stood at INR 778.9 billion ($9.4 billion) as of March, providing enough liquidity to cover its debt due this financial year. https://ift.tt/FIwHO7T