Adani Green in discussions for $ 400 mn offshore loan

11 Apr 2024 CW Team

Adani Green Energy is reportedly in discussions to secure approximately $400 million via an offshore loan for an upcoming renewable project.

The conglomerate's unit is reportedly negotiating with a consortium of banks, including Mitsubishi UFJ Financial Group Inc., First Abu Dhabi Bank PJSC, Standard Chartered Bank, and Sumitomo Mitsui Financial Group Inc.

The fundraising indicates that the Adani Group is gradually regaining investors' trust following the scrutiny it faced last year from US shortseller Hindenburg Research.

In its first dollar-denominated public bond sale since the crisis, the conglomerate received orders worth seven times the deal size last month. Additionally, in December, Adani Green secured a $1.4 billion loan from a consortium of banks.

Sharon Chen, a credit analyst at Bloomberg Intelligence, noted last month that India's focus on infrastructure, which is expected to continue if Prime Minister Narendra Modi is re-elected in upcoming elections by May, could lead to increased bond supply from the sector.

India aims to nearly triple its clean energy capacity by the end of the decade, mainly through solar and wind projects, as part of its efforts to decarbonize its economy driven by fossil fuels. The nation plans to invest $ 30 billion in constructing transmission lines to connect green power to the grid.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..