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Adani Green’s Key Debt Ratio Is Set to Improve, Nomura Says

The Adani conglomerate has committed to invest a total of $70 billion by 2030 across its green energy value chain to become the world’s largest renewable energy producer. That makes Adani a key player in India’s quest to become carbon net-zero by 2070. Still, Adani Green is one of the most leveraged companies in the tycoon’s empire, with Asia’s second-worst debt-to-equity ratio of 2,021%.

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