Adani Transmission’s (ATL) subsidiary and distribution arm -- Adani Electricity Mumbai (AEML) has established $2 billion Global Medium-Term Notes program (GMTN) for issuance of notes from time to time (Notes). The GMTN program and the Sustainability Linked Bond issuance is the next step in AEML’s Capital Management Plan. AEML also settled the maiden takedown of Sustainability Linked Bond issuance of $300 million under the GMTN and has approved the pricing, tenure and other terms of the Notes.
Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.
