Adani's $2 Billion Boost: Green Light for Growth

The Adani Group is set to raise an additional USD 2 billion (approximately Rs 16,700 crore) during the current financial year, following a successful USD 3 billion fundraising earlier. The fresh capital is expected to be mobilised by Adani Green Energy and Adani Energy Solutions, primarily through investments from private equity firms and sovereign wealth funds based in the Middle East, United States, and Canada, according to sources familiar with the matter.

Some of the new capital could come from existing bondholders within the Group. Additionally, the conglomerate is in advanced discussions with Indian banks to secure a Rs 16,000 crore loan for Adani Airports Holdings Ltd., earmarked for the next phase of development at Navi Mumbai International Airport. The airport is projected to begin operations by September 2025, with an initial handling capacity of 20 million passengers and 0.5 million tonnes of cargo annually. Full-scale capacity targets are set at 90 million passengers and 3.2 million tonnes of cargo.

Over the past six months, the Gautam Adani-led Group has attracted investments from BlackRock, Apollo Global Management, and JV partner TotalEnergies. Notably, Adani Green raised USD 1.425 billion in January 2025, followed by USD 1.06 billion in refinancing, and a USD 750 million bond issuance in June.

The Group has outlined a capital expenditure plan of USD 100 billion (Rs 8.35 lakh crore) over the next six to seven years, aimed at accelerating its infrastructure, energy transition, and digital initiatives.

News by Rahul Yelligetti.