Adani’s power plant in the spotlight with a $1.3b debt that won’t go down

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Adani’s power plant in the spotlight with a $1.3b debt that won’t go down

Levin

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07-03-2023, 08:02 AM

UPDATED 11 HOURS AGO

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This crown jewel of his power company, which can light up millions of homes, has more liabilities than assets and has run up US$1.8 billion (S$2.4 billion) of losses.

To paper over the deficit, Mr Adani has deployed more than US$1 billion (S$1.3 billion) of creative debt financing and reassured investors and lenders that profits will come soon.

But Adani Power’s auditor cannot fully make sense of the maths underpinning this claim

Read the full LONG report at: https://www.straitstimes.com/business/ad...-t-go-down

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Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by Levin - 07-03-2023, 08:02 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by K88 shu shu - 07-03-2023, 08:04 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by Clyde - 07-03-2023, 09:02 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by teaserteam - 07-03-2023, 09:44 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by Levin - 07-03-2023, 10:03 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by teaserteam - 07-03-2023, 10:12 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by Levin - 07-03-2023, 10:20 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by teaserteam - 07-03-2023, 11:47 AM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by Levin - 07-03-2023, 12:06 PM

RE: Adani’s power plant in the spotlight with a $1.3b debt that won’t go down - by Clyde - 07-03-2023, 12:34 PM

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