Adani Power Secures ₹7,500 Crore in Largest Onshore Bond Issue

• Adani Power successfully raised ₹7,500 crore through a non-convertible debenture (NCD) issue, attracting major domestic investors.
• Seventeen institutions, including SBI MF, ICICI Bank, Axis Bank, Kotak MF, and ICICI MF, participated, with mutual funds driving bulk demand.
• Investors cited Adani Power's fundamental strength, strong cash flows, and stable operations as reasons for their participation.
• Nearly 90% of Adani Power's operating capacity is under long-term power purchase agreements (PPAs), ensuring revenue visibility.
• The company plans to expand its 18 GW capacity to 42 GW by FY32, with EBITDA projected to more than triple by FY30.

Why It Matters: Adani Power's ₹7,500 crore NCD issue, backed by strong investor confidence, highlights its robust financial health.