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Adani Transmission raises $700 million

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.

October 28, 2021 / 02:36 PM IST
Adani Transmission | The company reported higher consolidated profit at Rs 433.24 crore in Q1FY22 against Rs 355.40 crore in Q1FY21, revenue jumped to Rs 2,935.72 crore from Rs 2,542.84 crore YoY.

Adani Transmission | The company reported higher consolidated profit at Rs 433.24 crore in Q1FY22 against Rs 355.40 crore in Q1FY21, revenue jumped to Rs 2,935.72 crore from Rs 2,542.84 crore YoY.

 
 
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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.