Adani Enterprises - Debt breakdown.
Total debt = 33500 cr
Airport 7 yrs = 12000 Ring fenced
Roads 5-7 years = 2700 Ring fenced
Mining 8-10 years = 1450 Ring fenced
Total loan ring-fenced = 16150 cr
Total debt = 33500 cr
Airport 7 yrs = 12000 Ring fenced
Roads 5-7 years = 2700 Ring fenced
Mining 8-10 years = 1450 Ring fenced
Total loan ring-fenced = 16150 cr
Ring-fenced means banks and institutions have first charge on these assets. And Adani can only cater to the surplus.
Balance Loan = 17350 cr
Working Capital. = 7250 cr
WCis short term and secured by hypothecating current assets and margin between 10-25%
Balance Loan = 17350 cr
Working Capital. = 7250 cr
WCis short term and secured by hypothecating current assets and margin between 10-25%
Balance loan = 10100 cr
Australia Coal mine. = 6700 cr
This is a refinance facility catering to a coal block with a life of 100 years, decaying at 15 MMT pa
Balance Loan. = 3400 cr
Hydrogen (ANIL) = 2500 cr
Corporate loan = 900 cr
Australia Coal mine. = 6700 cr
This is a refinance facility catering to a coal block with a life of 100 years, decaying at 15 MMT pa
Balance Loan. = 3400 cr
Hydrogen (ANIL) = 2500 cr
Corporate loan = 900 cr
This for corporate purposes and other smaller businesses of Adani Enteprises.
So 50% of the loan is ring-fenced.
Another 28% is secured by hypothecation and margin
Another 20% is from a coal block with refinance
And a measly 900 crore is unsecured exposure.
So 50% of the loan is ring-fenced.
Another 28% is secured by hypothecation and margin
Another 20% is from a coal block with refinance
And a measly 900 crore is unsecured exposure.
This for corporate purposes and other smaller businesses of Adani Enteprises.
So 50% of the loan is ring-fenced.
Another 28% is secured by hypothecation and margin
Another 20% is from a coal block with refinance
And a measly 900 crore is unsecured exposure.
So 50% of the loan is ring-fenced.
Another 28% is secured by hypothecation and margin
Another 20% is from a coal block with refinance
And a measly 900 crore is unsecured exposure.
Over 7 years, the cash flows accruing to Adani is 2,88,874 cr.
So obviously the loans can be repaid.
But AEL will be one of the highest capex cos until 2030 due to its huge green hydrogen expansion. So it will be in the investment phase only.
So obviously the loans can be repaid.
But AEL will be one of the highest capex cos until 2030 due to its huge green hydrogen expansion. So it will be in the investment phase only.
From this, I can tell you that all these jokers who have been jumping on the Hindenberg report that LIC and India’s Banking system are held ransom to Adani’s whims and fancy—please smell the coffee.
Don’t bring down the Indian economy on the Chinese agenda.
Don’t bring down the Indian economy on the Chinese agenda.
And for all those investors who think the PE is high, please follow me on my Linkedin
Profile for more teardowns on Adani portfolio of companies
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