-19.45 (-0.90%) Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy. Earlier this month, the group repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
The ports-to-energy conglomerate is now looking at robust growth in sectors such as airports, cement, renewables, solar panels, transportation and logistics, and power and transmission and several of Adani's new infrastructure investments will also begin to fructify and generate cash in the coming years.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.