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

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..