Adani Group does not anticipate an immediate reduction in its debt but is concentrating on restructuring its borrowing by refinancing operational assets with long-term capital market funding, Jeet Adani stated on Thursday. Addressing concerns about the group’s debt levels, including a target of lowering borrowings to around ₹27,000 crore eventually, he emphasized that the focus is on reshaping the debt structure rather than cutting it immediately.
Using the Navi Mumbai International Airport as an example, Adani explained that the project was initially funded through conventional bank loans during the construction phase. Once operational and stabilized, the group intends to refinance these loans with long-tenure capital market funding, freeing up banks for future project financing.
He noted that this approach is applied across Adani Group’s businesses. Indian banks typically prefer construction-phase risks, while long-term obligations of 10–30 years are better handled via domestic or global capital markets.
Adani’s remarks highlight the importance of managing debt maturity profiles alongside overall debt levels, amid ongoing investor scrutiny of leverage and refinancing strategies at large, infrastructure-heavy conglomerates.
