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.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..