- Adani Green Energy secured a $250 million foreign currency loan from a consortium of global banks to refinance existing debt.
- The deal marks the company’s first overseas loan since the U.S. Department of Justice’s earlier indictment involving the Adani Group.
Adani Green Energy Ltd. Shares climbed 2.36% to a day’s high of Rs 1,084.30 on the BSE on Tuesday, October 7, after the company signed a $250 million loan agreement with international lenders.
Informed sources report that the renewable energy arm of the Adani Group raised the funds to refinance existing debt. The loan syndicate includes DBS Bank Ltd., DZ Bank, Rabobank, and Bank SinoPac Co. Ltd. The facility carries a five-year tenor and an interest rate of around 8.2%. While DZ Bank confirmed its participation, the other lenders did not respond to Bloomberg’s requests for comment.
The transaction marks Adani Green Energy’s first foreign currency loan since the U.S. Department of Justice’s indictment against the Adani Group. Market analysts view the deal as a strategic step to rebuild investor confidence and strengthen the group’s financing options.
The financing aligns with the Adani conglomerate’s broader plan to reduce leverage over the next five years. Adani Green Energy does not plan to issue international bonds until 2027, after it refinanced a Rs 92.61 billion ($1 billion) construction-linked loan in March through India’s Power Finance Corporation Ltd.
The loan deal adds to a series of credit facilities the Adani Group has signed across its businesses this year. According to S&P Global Ratings, the group secured over $10 billion in new credit lines in the first half of 2025, spanning Adani Ports, Adani Enterprises, Adani Energy Solutions, and Adani Green Energy.
S&P noted that the group’s overall funding cost remains stable and highlighted that the Adani family injected about $1.1 billion in equity into Adani Green Energy in July, underscoring continued promoter support.