Mumbai: Adani Energy Solutions (AESL), formerly known as Adani Transmission, is planning to raise $360 million through bond issuance on a private placement basis, a report in the media said.
The funds will be used for transmission assets commissioned in the last three to four years, according to the report.
The Chief Financial Officer, Rohit Soni, mentioned that the company is working on the bond issuance, with paperwork in progress.
Further, AESL aims to raise another $1 billion, with plans still in development, and the target timeline by year-end remains unchanged, said the report.
AESL, a part of the Adani portfolio, operates in various aspects of the energy sector, including power transmission, distribution, smart metering, and cooling solutions.
As the largest private transmission company in India, AESL serves over 12 million consumers in Mumbai and Mundra SEZ, with a widespread presence across 16 states and a substantial transmission network.
