In the wake of a bribery indictment in the US, Adani Group reassured investors on Monday about its financial stability, emphasizing its ability to grow without external debt.

The conglomerate highlighted cash reserves of Rs 55,024 crore, which surpass its long-term debt repayments for the next 28 months. This robust financial positioning reflects a strategic shift, with equity now constituting nearly two-thirds of the group’s total asset creation, compared to just a third five years ago.

Despite facing legal challenges, including the US court’s indictment of founder Gautam Adani and two other executives for alleged bribery to secure solar contracts, the group reported a substantial Rs 75,227 crore in investments over the last six months. This contrasts sharply with a debt increase of only Rs 16,882 crore, reinforcing the group’s claims of financial independence and ongoing growth without reliance on additional debt.