Adani has finally got strong winds filling its sails
Adani Enterprises has received a significant credit endorsement, with CARE Ratings raising the company's long-term rating from AA- to AA, citing enhanced financial flexibility after a Rs 15,000-crore QIP and partial monetisation of Adani Airports. CARE expects AEL's operating profit to grow in FY27 as Kutch Copper stabilises, airport non-aero revenues increase, and Navi Mumbai International Airport expands operations.
Several of Adani's businesses are now reaching commercial scale, including Navi Mumbai airport, Ganga Expressway, and Kutch Copper. Morgan Stanley predicts AEL's EBITDA will grow at 32% annually between FY26 and FY30, reaching roughly Rs 42,300 crore.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
