Adani Electricity Buys Back USD 49.5 Mn Of 2030 Notes
POWER & RENEWABLE ENERGY

Adani Electricity Buys Back USD 49.5 Mn Of 2030 Notes

Adani Electricity Mumbai Ltd (AEML) has successfully completed an open market repurchase of USD 49.5 million of its 3.949 per cent Senior Secured Notes due in 2030. The repurchase was funded entirely through internal cash flows and forms part of AEML’s ongoing capital management strategy.

The original bond issuance, valued at USD 1 billion, was launched in February 2020. Following this latest repurchase and cancellation, the outstanding principal on the notes now stands at USD 830.5 million.

This move follows an earlier tender offer completed in November 2023, when AEML repurchased USD 120 million worth of notes. Both transactions collectively underscore the company’s strong cash generation and financial flexibility, while helping reduce its overall debt obligations.

AEML noted it may continue similar liability management initiatives subject to market conditions and in line with its capital strategy.

Adani Electricity Mumbai Ltd (AEML) has successfully completed an open market repurchase of USD 49.5 million of its 3.949 per cent Senior Secured Notes due in 2030. The repurchase was funded entirely through internal cash flows and forms part of AEML’s ongoing capital management strategy.The original bond issuance, valued at USD 1 billion, was launched in February 2020. Following this latest repurchase and cancellation, the outstanding principal on the notes now stands at USD 830.5 million.This move follows an earlier tender offer completed in November 2023, when AEML repurchased USD 120 million worth of notes. Both transactions collectively underscore the company’s strong cash generation and financial flexibility, while helping reduce its overall debt obligations.AEML noted it may continue similar liability management initiatives subject to market conditions and in line with its capital strategy.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?