Adani Energy Solutions Limited (AESL), part of the Adani Group led by Gautam Adani, has secured $500 million in bilateral private debt financing from funds managed by Apollo Global Management, reinforcing investor confidence in India’s power infrastructure sector.
Key Highlights
- Adani Energy Solutions secures $500 million bilateral private debt from Apollo Global Management funds.
- Funding to refinance existing bonds and support expansion of India’s power transmission infrastructure network.
The financing was raised through a private placement of investment-grade senior secured notes issued by ATSOL Global IFSC Ltd, a subsidiary of AESL that operates regulated transmission assets across India.
The proceeds will primarily be used to refinance existing dollar-denominated bonds that are due to mature in 2026, helping the company extend debt maturities and strengthen its balance sheet.
The transaction comes as AESL continues a large capital expenditure cycle, investing heavily in expanding power transmission networks, smart metering infrastructure, and electricity distribution systems across multiple Indian states.
Apollo officials said the investment reflects the growing global interest in India’s infrastructure sector. Jamshid Ehsani, Partner at Apollo, noted "India represents a compelling infrastructure market with strong economic growth and long-term demand for reliable power generation."
Adani Group CFO Jugeshinder “Robbie” Singh said, "The financing highlights the company’s long-standing relationships with global institutional investors and disciplined capital management strategy."
AESL is one of India’s largest private-sector power transmission and distribution companies, with high-voltage transmission lines and distribution networks spanning multiple states. The company has been investing significantly to support India’s growing electricity demand and strengthen grid reliability.
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The Apollo deal also underscores a broader trend of large infrastructure companies tapping private credit markets instead of traditional public bond markets, especially amid global financial market volatility.
