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Big news has come regarding Adani Group. Adani Energy Solutions (formerly Adani Transmission) Rs. 3000 crore is planning to raise funds. The company (Adani Energy Solutions) is trying to raise these funds through private bonds. “We are trying to raise $360 million through a private placement,” said Rohit Soni, the company’s chief financial officer.
Running like a bullet train, the company got 311 crores worth of work
He added that the company is currently working on whether it can raise $360 million through bonds early next year. He also said that the paper work in this regard is still going on. Sony also told experts about the company’s plans to raise another billion dollars. “We’re looking at a plan to raise $1 billion, so we’re still working on that,” he said.
In May this year, the board of directors of the company through qualified institutional placement or other approved means raised Rs. Allowed to raise funds by issuing equity up to 8,500 crore.
Adani Energy Solutions Limited is a part of the Adani Group. The company operates in various segments of the energy sector such as transmission, distribution, smart metering etc. The company is currently present in 16 states of the country. Adani Energy Solutions Mundra Port also provides its services.