Adani Transmission raises USD700 million for under-construction assets

Adani Transmission Limited has raised USD 700 million for its under-construction transmission asset portfolio through the definitive agreements with leading international banks.

The revolving facility will finance Adani Transmission’s four transmission projects in Gujarat and Maharashtra. The capex revolving facility will fund the capex program of USD 1.1 billion on a fully-drawn basis. According to the agreement, eight international banks – DBS Bank Limited, Intesa Sanpaolo S.p.A., Mizuho Bank, Limited, MUFG Bank, Limited, Siemens Bank GmbH, Societe Generale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation, committed for the facility.

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