Adani Energy Solutions (AESL), formerly known as Adani Transmission, is in the process of arranging to raise USD 360 million (around Rs 3,000 crore) through the issuance of bonds on a private placement basis. Chief Financial Officer Rohit Soni mentioned during an investor call that the company is seeking a private placement for the transmission assets commissioned in the last three to four years. The plan is still in progress, and paperwork for the bond issue is currently underway. Additionally, the company is considering raising another USD 1 billion, with Soni stating, “we are looking at a billion dollar of raise, so I think we are still working on it, so the time what we have given by year end that still holds good from our perspective.” In May, the board approved the raising of funds by issuing equities worth up to Rs 8,500 crore through qualified institutional placement or other permissible modes.
AESL, a part of the Adani portfolio, is a diverse organization involved in various aspects of the energy sector, including power transmission, distribution, smart metering, and cooling solutions. It is the largest private transmission company in the country, with a presence in 16 states and a cumulative transmission network of 19,800 circuit kilometers and 53,000 MVA transformation capacity, serving more than 12 million consumers in Mumbai and the industrial hub of Mundra SEZ.
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