HomeUncategorizedAdani Ports Gross Debt Widens On Forex Loss Due To Weakening Rupee

Adani Ports Gross Debt Widens On Forex Loss Due To Weakening Rupee

UncategorizedFebruary 11, 2023
1 min read
[ad_1]\r\n\n \n The gross debt, as of December 2022 stood at Rs 45,534 crore compared with Rs 45,453 crore as of March 2022, it said in an exchange filing on Saturday.
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The gross debt, as of December 2022 stood at Rs 45,534 crore compared with Rs 45,453 crore as of March 2022, it said in an exchange filing on Saturday.

The Adani group company mentioned that the long term debt was Rs 43,164 crore, while the short term debt and others stood at Rs 2,370 crore as of December, 2022.

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Meanwhile, the foreign exchange mark-to-market stood at Rs 2,744 crore. This includes Rs 1,886 crore of foreign exchange loss, according to the filing.

This is mainly due to rupee weakening from 75.7925, as on Mar. 31, 2022, to 82.7250, as on Dec. 31, it added.

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