Adani Enterprises Ltd.

Adani Group is reportedly planning to raise $2.5 billion from investors both in India and overseas markets. Of total, the group will raise $1 billion by selling new shares of Adani Enterprises and raise another $1.5 billion from banks abroad to fund projects both in India and abroad. Of its $1.5 billion foreign loan, Adani has already raised $500 million last month, which will be used to refinance its loans taken to take over the Australian coal and port project.

The group is raising funds for its $15.5 billion delayed coal mining project in Australia and for its ports and power projects in India. The group also needs money to fund its Rs 5,500 crore takeover of Dhamra port from L&T and Tata Steel.

Adani Enterprises, the flagship company of the Adani Group, is the country’s largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.