Adani Energy Solutions (AESL), formerly known as Adani Transmission, is gearing up to raise USD 360 million (approximately Rs 3,000 crore) through bond issuance on a private placement basis. Rohit Soni, the Chief Financial Officer of Adani Energy Solutions, disclosed this information during an investor call.
Plans for Bond Issuance
Soni stated that the company intends to raise USD 360 million through private placement, targeting transmission assets that have been commissioned over the past three to four years. He mentioned that the company is actively pursuing this fundraising endeavor and is currently in the process of finalizing the necessary paperwork.
Continued Efforts for Fundraising
While discussing the timeline for the bond issuance, Soni indicated that the company is exploring the possibility of raising the USD 360 million early next year. He assured investors that the company remains committed to this objective, emphasizing that the groundwork for the bond issuance is still underway.
Ambitious Fundraising Plans
In addition to the USD 360 million bond issuance, Soni revealed the company’s ambitious plan to raise an additional USD 1 billion. He assured stakeholders that the company is actively working towards this target and remains optimistic about achieving it within the stipulated timeframe.
Diversified Energy Portfolio
AESL, as part of the Adani Group, operates across various segments of the energy sector, including power transmission, distribution, smart metering, and cooling solutions. The company boasts a significant presence in the Indian market, with operations spanning 16 states and a substantial transmission network comprising 19,800 circuit kilometers and 53,000 MVA transformation capacity.
Serving Millions of Consumers
AESL plays a crucial role in the energy landscape, serving over 12 million consumers in Mumbai and the industrial hub of Mundra SEZ. With its extensive infrastructure and commitment to innovation, the company continues to contribute to the growth and development of India’s energy sector.
In conclusion, Adani Energy Solutions’ plans to raise USD 360 million through bond issuance underscore its commitment to expanding its operations and strengthening its financial position. With a robust portfolio and ambitious fundraising targets, AESL is poised to further solidify its position as a leader in the energy domain.
