Adani Infra weighs $1 bn dollar bonds to execute group projects

A private company owned by billionaire Gautam Adani and his family has been tasked with managing infrastructure projects across the Adani Group's listed firms, as the conglomerate moves to bring project execution in-house and retain margins that would otherwise have gone to external contractors.

- Nehal Chaliawala

Funds raised will be forwarded as promoter loans.

(AFP)

Adani Infra (India) Ltd, the private company, is also looking to leverage its order book of more than ₹50,000 crore to raise significant funds, an executive directly aware of the plans said on condition of anonymity as the discussions are private.

"They are looking to leverage this order book and raise more than $1 billion through private placement of (dollar-denominated) bonds," the executive said.