Adani Energy Solutions plans to raise $360 million through bonds
Mumbai: Adani Energy Solutions (AESL), formerly known as Adani Transmission, is planning to raise $360 million through bond issuance on a private placement basis, a report in the media said.
The funds will be used for transmission assets commissioned in the last three to four years, according to the report.
The Chief Financial Officer, Rohit Soni, mentioned that the company is working on the bond issuance, with paperwork in progress.
Further, AESL aims to raise another $1 billion, with plans still in development, and the target timeline by year-end remains unchanged, said the report.
AESL, a part of the Adani portfolio, operates in various aspects of the energy sector, including power transmission, distribution, smart metering, and cooling solutions.
As the largest private transmission company in India, AESL serves over 12 million consumers in Mumbai and Mundra SEZ, with a widespread presence across 16 states and a substantial transmission network.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
