Adani group plans to raise $2 bn more in current fiscal year

The group is also negotiating a loan amount of around ₹16,000 crore with Indian banks for its airport arm.
| Photo Credit:
AMIT DAVE

The Adani group is planning to raise an additional $2 billion in the current fiscal year having already mopped up $3 billion so far, according to sources.

The fund raising would be by group companies Adani Green Energy and Adani Energy Solutions, they said. The companies will be tapping private equity firms and sovereign funds from the Middle East, the US and Canada and some of the investors could be existing bond holders in the group, the sources said.

Separately, the group is also negotiating a loan amount of around ₹16,000 crore with Indian banks for its airport arm. This will most likely be finalised towards the end of the year, the sources said. It will be used for the next phase of expansion of the Navi Mumbai International Airport, which is being built in phases.

The airport, which is tentatively scheduled to start operations around September this year, will be able to handle 20 million passengers and 0.5 million tonne cargo annually in the launch phase. When the project is complete it will be able to handle 90 million passengers and 3.2 million tonnes of cargo.

Investors

Over the last six months the Gautam Adani-controlled conglomerate has raised funds from global asset managers and funds such as Blackrock and Apollo and also from its joint venture partner TotalEnergies.

In January Adani Green raised $1.425 billion, through $1.125 billion infusion by the promoter group and $300 million from TotalEnergies. The purpose of this was for early redemption of bonds and for capital optimisation.

In March Adani Green again refinanced a $1.06-billion construction facility for its renewable energy projects in Rajasthan.

In June it raised $750 million in a private bond issuance to fund its cement expansion.

The group, which is in a perpetual expansion, growth and acquisitive mode, regularly taps the global markets for its funding needs.

The group has a target to spend around $100 billion over the next 6-7 years.

Published on July 8, 2025