The Adani Group plans to raise an additional USD two billion (approx. Rs 16,700 crore) during the current financial year, after already securing USD three billion earlier. According to sources, the funds will be raised by Adani Green Energy and Adani Energy Solutions through private equity firms and sovereign funds from the Middle East, US, and Canada.

Some investors may include existing bondholders of the Group. Separately, the conglomerate is in advanced talks with Indian banks for a loan of around Rs 16,000 crore for its airport arm. This funding is intended for the next phase of expansion of the Navi Mumbai International Airport, which is expected to commence operations around September this year. The airport will initially handle 20 million passengers and 0.5 million tonne of cargo annually, with full-scale capacity projected at 90 million passengers and 3.2 million tonne of cargo.

Over the last six months, the Gautam Adani-led Group has secured funding from BlackRock, Apollo, and its JV partner TotalEnergies. In January, Adani Green raised USD 1.425 billion, followed by USD 1.06 billion in refinancing and a USD 750 million bond issue in June. The Group has set a capex target of USD 100 billion (Rs.8.35 lakh crore) over the next six to seven years.