Debt

Debt financing

Adani Group in talks with SBI to raise Rs.12,000-Cr to fund Ganga Expressway

Economic Times  

The Adani Group is in talks with the State Bank of India (SBI) to raise about Rs 12,000 crore in long-term project loans that would be utilised to build the Ganga Expressway - which is billed as the country's longest, linking Meerut in the northwest of Uttar Pradesh to Prayagraj in the state's east. The loan will be of a longer maturity - anything between 10 and 30 years. In December, Adani Enterprises (AEL) won contracts from the Uttar Pradesh government to build three stretches of the 594-km Ganga Expressway.