Adani Transmission raises $700-M from 8 global lenders

Adani Transmission Ltd (ATL) has raised USD 700 million from a consortium of eight global lenders to help fund four under-construction transmission projects in Gujarat and Maharashtra. On a fully drawn basis, the capex revolving facility will fund a capex programme of USD 1.1 billion. DBS Bank, Intesa Sanpaolo, Mizuho Bank, MUFG Bank, Siemens Bank, Société Générale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation have committed for the facility.