Adani Power Limited has restructured its financial arrangements, consolidating multiple short-term loan facilities totaling Rs 197 billion from six of its special purpose vehicles (SPVs) into a single long-term debt.
This strategic move aims to streamline the company’s debt profile, offering the advantage of a uniform tenure and lowering the effective interest rate. Facilitated by an enhanced credit rating for Adani Power now rated AA-, the consolidation was made possible through a consortium financing arrangement involving eight lenders. This restructuring underscores APL’s commitment to optimising its financial structure for sustained growth and operational efficiency.
