Adani Transmission has raised USD 700 million for its under-construction transmission asset portfolio.
In a regulatory filing the company said it has raised USD 700 million for its under-construction transmission asset portfolio through the definitive agreements signed with leading international banks.
"This project financing deal is the first of its kind sanctioned by international banks in the transmission sector, and validates the overall development model of the Adani Group,” said Anil Sardana, MD and CEO, ATL.
As per the filing, the revolving facility will finance Adani Transmission’s four transmission projects in Gujarat and Maharashtra. The revolving facility is an important element of ATL’s overall capital management plan and is key to fully funding its growth aspirations, it said.