Adani Transmission (ATL) has raised $700 Million for its under-construction transmission asset portfolio through the definitive agreements signed with leading international banks. The revolving facility will finance the company’s four transmission projects in Gujarat and Maharashtra.
The revolving facility is an important element of the company’s overall capital management plan and is key to fully funding its growth aspirations. The definitive agreements set out a Platform Infrastructure Financing Framework of agreed principles and procedures under which ATL will engage with the financiers to raise financing efficiently and expeditiously for all future projects as per the agreed threshold parameters. On a fully drawn basis, the capex revolving facility will fund the capex program of $1.1 Billion.
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.
