Adani Energy to raise Rs 43 billion via QIP

Adani Energy Solutions Limited (AESL) has approved raising Rs 43 billion through a qualified institutional placement (QIP), to be executed in one or more tranches.

This move follows a series of recent fundraises by the Adani Group. In April 2025, it secured USD 750 million for an acquisition, with BlackRock subscribing to a third of the bond issue. Separately, Adani Ports raised USD 150 million via a bilateral loan from DBS Group Holdings Limited.

Proceeds from the QIP will be used to strengthen AESL’s balance sheet and fund its infrastructure and clean energy initiatives. Recently, the company secured the transmission project for evacuating power from 1,500 MW pumped storage projects (PSPs) near Talegaon, Maharashtra.

Once operational, AESL’s transmission network will expand to 26,696 circuit kilometres (ckm) and 93,236 MVA of transformation capacity. Its total transmission order book now stands at Rs 616 billion.