A day after the promoters of Adani Group prepaid $1.1 billion loans, one of the group’s listed entities – Adani Ports and Special Economic Zone (APSEZ) – announced that it would prepay loans of up to Rs 5,000 crore by next month-end so as to improve its financial metrics. The company is targeting an earnings before interest, tax, depreciation and amortisation (Ebitda) of around Rs 15,000 crore this financial year. This was revealed by Karan Adani, chief executive officer (CEO) and whole-time director of APSEZ, while announcing the September-December 2022 results.
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