Adani Enterprises to Raise ₹1,000 Crore via NCD Issue

Adani Enterprises has announced a public issue of non-convertible debentures (NCDs) to raise up to ₹1,000 crore. This includes a base issue size of ₹500 crore with a green shoe option for an additional ₹500 crore, all carrying a face value of ₹1,000. The draft prospectus has been filed with BSE, NSE, and SEBI. This fundraising is part of a broader ₹2,000 crore capital plan approved in October 2024.

While the draft offer document does not specifically earmark use of proceeds, the issuance aligns with Adani’s aggressive infrastructure investment strategy. The group is investing ₹15–20 billion annually across its energy, transport, and digital businesses. A major focus is its airport vertical, particularly the modernization of Mumbai International Airport (MIAL), under its subsidiary Adani Airports Holdings Ltd.

Recently, the company secured $1 billion in project finance for MIAL to support its capacity enhancement and sustainability initiatives. Key efforts include upgrading terminals and runways, integrating advanced digital systems to enhance passenger experiences, and achieving net-zero emissions by 2029.

The NCD issuance not only strengthens Adani’s financial flexibility but also reinforces its pivotal role in driving India’s infrastructure transformation. With growing emphasis on renewable energy, green mobility, and smart airports, this move positions Adani Enterprises at the forefront of the country’s next wave of development.