Adani Transmission raises $700 mn to fund assets under construction

30 Oct 2021 CW Team

Adani Transmission (ATL), India's largest private-sector power transmission and retail distribution company, raised $700 million through definitive agreements with eight leading global lenders, including Mizuho Bank and Standard Chartered Bank, for its under-construction assets.

The company said on Thursday that ATL will use the facility to fund four transmission projects in Gujarat and Maharashtra.

Anil Sardana, MD, ATL told the media that the Adani Group's overall development model is validated by this project financing deal, which is the first of its kind sanctioned by international banks in the transmission sector.

To honour the nation's commitment to climate change, all Adani Group companies have aligned their investment plans.

Adani Transmission announced on May 16 that it plans to raise $1.15 billion in offshore loans to fund at least four projects in Gujarat and Maharashtra. The proposed loans were likely to be syndicated by at least four banks, including Standard Chartered, MUFG, Barclays, and JPMorgan.

To be sure, DBS Bank, Intesa Sanpaolo S.p.A., Mizuho Bank, MUFG Bank, Siemens Bank GmbH, Société Générale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corp. will all be offering the facility.

According to ATL, this strategic transaction will meet the banks' capital recycling needs while also making the same capital available for current and future projects.

Adani Transmission Limited, headquartered in Ahmedabad, India, is a power transmission company. It is currently one of the largest private-sector power transmission companies in India.

The company operates a total network of 12,200 circuit km as of July 2020, with more than 3,200 circuit km in various stages of construction.

Image Source

Also read: Adani Transmission plans to raise $1.15 bn to finance projects

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..