Adani Transmission raises $700 mn to fund assets under construction
POWER & RENEWABLE ENERGY

Adani Transmission raises $700 mn to fund assets under construction

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement