Q2FY22 Quarterly Result Announced for Adani Transmission Ltd.
Highlights: Adani Transmission raises USD 700 Mn With this senior debt facility, contracted with eight international banks, ATL will finance its under-construction transmission network portfolio Manifests ATL’s overall Capital Management Plan and brings it closer to its goal of 20,000 ckt km of transmission lines by 2022 The unique capex revolving structure of the facility provides funding of USD 1.1 Bn on fully drawn basis Reinforces ATL’s strategy to deepen the overall liquidity pool through international banking market in addition to existing domestic as well as global public and private debt capital market issuances This deal fully finances the under-construction transmission projects in four SPVs in Gujarat and Maharashtra to establish green corridor and strengthen the overall grid The facility follows highest level of due diligence standards covering all standard ESG aspects “This project financing deal is the first of its kind sanctioned by international banks in the transmission sector, and validates the overall development model of the Adani Group,” said Mr. Anil Sardana, MD and CEO, ATL. “All the Adani Group companies have aligned their investment plans to honour the nation’s commitment on climate change. ATL is at the forefront of grid stability and providing sustainable, reliable and affordable energy solutions. Our development agenda is coupled with overall capital stewardship maintained through our capital management philosophy focused on equitable growth.” Result PDF02-11-2021